Credit Suisse Group reissued their underperform rating on shares of Synchronoss Technologies (NASDAQ:SNCR) in a report published on Thursday, The Fly reports. They currently have a $8.00 price objective on the software maker’s stock, down from their prior price objective of $13.00.

A number of other research firms also recently weighed in on SNCR. Raymond James Financial downgraded Synchronoss Technologies from an outperform rating to an underperform rating and set a $18.00 target price for the company. in a research report on Tuesday, September 19th. BidaskClub raised Synchronoss Technologies from a strong sell rating to a sell rating in a report on Thursday, August 17th. Deutsche Bank reissued a hold rating and set a $18.00 price target (up previously from $10.00) on shares of Synchronoss Technologies in a report on Monday, October 9th. Zacks Investment Research cut Synchronoss Technologies from a hold rating to a sell rating in a report on Wednesday, October 25th. Finally, Stifel Nicolaus reissued a hold rating and set a $10.00 price target (down previously from $16.00) on shares of Synchronoss Technologies in a report on Wednesday, September 20th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $16.57.

Shares of Synchronoss Technologies (NASDAQ:SNCR) opened at $9.26 on Thursday. The stock has a market capitalization of $439.99, a price-to-earnings ratio of 6.39 and a beta of 1.55. Synchronoss Technologies has a one year low of $8.48 and a one year high of $42.70.

A number of institutional investors and hedge funds have recently modified their holdings of SNCR. Crossmark Global Holdings Inc. bought a new stake in shares of Synchronoss Technologies in the 3rd quarter valued at about $113,000. SG Americas Securities LLC bought a new stake in shares of Synchronoss Technologies during the 3rd quarter valued at about $119,000. State of Alaska Department of Revenue boosted its position in shares of Synchronoss Technologies by 80.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,511 shares of the software maker’s stock valued at $140,000 after purchasing an additional 3,791 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Synchronoss Technologies during the 3rd quarter valued at about $149,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Synchronoss Technologies by 60.2% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 16,180 shares of the software maker’s stock valued at $151,000 after purchasing an additional 6,080 shares in the last quarter. 68.35% of the stock is owned by institutional investors and hedge funds.

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Synchronoss Technologies Company Profile

Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.

The Fly

Analyst Recommendations for Synchronoss Technologies (NASDAQ:SNCR)

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