Synacor (SYNC) Earning Somewhat Favorable News Coverage, Analysis Finds

News articles about Synacor (NASDAQ:SYNC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Synacor earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned headlines about the information services provider an impact score of 45.9343452690307 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Several brokerages have issued reports on SYNC. Canaccord Genuity lowered their price target on shares of Synacor from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, August 10th. Craig Hallum lowered shares of Synacor from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $3.55 to $4.00 in a research note on Thursday, August 10th. ValuEngine upgraded shares of Synacor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. TheStreet lowered shares of Synacor from a “c-” rating to a “d” rating in a research note on Thursday, May 11th. Finally, Rosenblatt Securities restated a “buy” rating on shares of Synacor in a research note on Thursday, May 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Synacor currently has a consensus rating of “Hold” and a consensus target price of $5.00.

Synacor (NASDAQ:SYNC) remained flat at $2.55 on Friday. The stock had a trading volume of 114,464 shares. Synacor has a 12 month low of $2.35 and a 12 month high of $4.25. The stock’s market capitalization is $98.60 million. The firm’s 50 day moving average price is $3.46 and its 200 day moving average price is $3.44.

Synacor (NASDAQ:SYNC) last released its quarterly earnings results on Wednesday, August 9th. The information services provider reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. Synacor had a negative net margin of 13.14% and a negative return on equity of 39.21%. The company had revenue of $31.22 million for the quarter, compared to analyst estimates of $29.43 million. The firm’s revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts expect that Synacor will post ($0.32) EPS for the current year.

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Synacor Company Profile

Synacor, Inc is a technology development, multiplatform services and revenue partner for video, Internet and communications providers, device manufacturers and enterprises. The Company enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, actionable data and implementation.

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