Trading Report: The 5,500 Shares of Synchronoss Technologies Inc. (SNCR) Stock are sold by Donnie Moore

The 5,500 Shares of Synchronoss Technologies Inc. (SNCR) Stock are sold by Donnie Moore

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

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