Synchronoss Technologies Inc. (NASDAQ:SNCR) Director Donnie Moore sold 5,500 shares of the stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $39.38, for a total transaction of $216,590.00. Following the sale, the director now directly owns 25,592 shares in the company, valued at $1,007,812.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Donnie Moore also recently made the following trade(s): On Monday, September 12th, Donnie Moore sold 5,500 shares of Synchronoss Technologies stock. The stock was sold at an average price of $40.63, for a total transaction of $223,465.00.
Shares of Synchronoss Technologies Inc. (NASDAQ:SNCR) opened at 36.78 on Tuesday. The stock has a 50 day moving average of $41.09 and a 200-day moving average of $36.67. The firm has a market capitalization of $1.59 billion, a PE ratio of 623.39 and a beta of 2.15. Synchronoss Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $43.65.
Synchronoss Technologies (NASDAQ:SNCR) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. Synchronoss Technologies had a net margin of 0.52% and a return on equity of 13.12%. The firm had revenue of $161.49 million for the quarter, compared to analyst estimates of $156.99 million. During the same period last year, the firm posted $0.56 EPS. Synchronoss Technologies’s quarterly revenue was up 17.1% on a year-over-year basis. On average, equities research analysts anticipate that Synchronoss Technologies Inc. will post $2.51 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its position in Synchronoss Technologies by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock worth $567,000 after buying an additional 100 shares during the period. Parametric Portfolio Associates LLC raised its position in Synchronoss Technologies by 0.3% in the second quarter. Parametric Portfolio Associates LLC now owns 41,783 shares of the company’s stock worth $1,331,000 after buying an additional 119 shares during the period. Oppenheimer & Co. Inc. raised its position in Synchronoss Technologies by 1.3% in the second quarter. Oppenheimer & Co. Inc. now owns 11,275 shares of the company’s stock worth $359,000 after buying an additional 150 shares during the period. Capstone Asset Management Co. raised its position in Synchronoss Technologies by 1.2% in the third quarter. Capstone Asset Management Co. now owns 15,026 shares of the company’s stock worth $619,000 after buying an additional 180 shares during the period. Finally, PineBridge Investments L.P. raised its position in Synchronoss Technologies by 4.5% in the second quarter. PineBridge Investments L.P. now owns 5,104 shares of the company’s stock worth $163,000 after buying an additional 221 shares during the period. Hedge funds and other institutional investors own 81.21% of the company’s stock.
SNCR has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Synchronoss Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Stephens initiated coverage on shares of Synchronoss Technologies in a research report on Wednesday, August 10th. They set an “overweight” rating and a $50.00 price objective for the company. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $47.44.
Synchronoss Technologies Company Profile