Synacor’s (SYNC) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Synacor (NASDAQ:SYNC) in a report issued on Thursday morning, AnalystRatings.com reports.

Other equities analysts have also issued reports about the company. Craig Hallum lowered Synacor to a hold rating in a research report on Friday, August 9th. ValuEngine raised Synacor from a hold rating to a buy rating in a research report on Thursday, August 1st.

SYNC traded down $0.01 during trading on Thursday, hitting $1.51. The company’s stock had a trading volume of 1,100 shares, compared to its average volume of 87,529. Synacor has a twelve month low of $1.28 and a twelve month high of $1.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.10 and a quick ratio of 1.10. The stock’s fifty day moving average price is $1.49 and its 200-day moving average price is $1.52.

Large investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its position in shares of Synacor by 809.3% during the second quarter. Acadian Asset Management LLC now owns 48,918 shares of the information services provider’s stock worth $76,000 after purchasing an additional 43,538 shares during the period. Dalton Greiner Hartman Maher & Co. acquired a new position in shares of Synacor during the third quarter worth approximately $202,000. Raffles Associates LP raised its position in shares of Synacor by 93.4% during the second quarter. Raffles Associates LP now owns 310,539 shares of the information services provider’s stock worth $484,000 after purchasing an additional 150,000 shares during the period. Emancipation Management LLC raised its position in shares of Synacor by 129.1% during the second quarter. Emancipation Management LLC now owns 987,526 shares of the information services provider’s stock worth $1,541,000 after purchasing an additional 556,522 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Synacor by 6.3% during the second quarter. Renaissance Technologies LLC now owns 1,613,711 shares of the information services provider’s stock worth $2,517,000 after purchasing an additional 95,611 shares during the period. 27.98% of the stock is currently owned by institutional investors.

About Synacor

Synacor, Inc operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers, governments, and enterprises in the United States and internationally. It enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, and actionable data and implementation.

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