Prudential Financial Inc. raised its stake in shares of Synacor, Inc. (NASDAQ:SYNC) by 39.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 104,400 shares of the information services provider’s stock after acquiring an additional 29,300 shares during the period. Prudential Financial Inc. owned approximately 0.27% of Synacor worth $282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Northpointe Capital LLC lifted its stake in Synacor by 558.3% during the 3rd quarter. Northpointe Capital LLC now owns 1,649,151 shares of the information services provider’s stock valued at $4,453,000 after acquiring an additional 1,398,638 shares during the period. Goldman Sachs Group Inc. lifted its stake in Synacor by 49.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 133,078 shares of the information services provider’s stock valued at $486,000 after acquiring an additional 44,319 shares during the period. UBS Oconnor LLC bought a new position in Synacor during the 2nd quarter valued at about $373,000. EAM Investors LLC lifted its stake in Synacor by 5.4% during the 2nd quarter. EAM Investors LLC now owns 150,665 shares of the information services provider’s stock valued at $550,000 after acquiring an additional 7,711 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Synacor by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 706,887 shares of the information services provider’s stock valued at $2,580,000 after acquiring an additional 27,763 shares during the period. Institutional investors and hedge funds own 30.05% of the company’s stock.

Synacor, Inc. (SYNC) opened at $2.40 on Tuesday. Synacor, Inc. has a one year low of $1.96 and a one year high of $4.25. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.07.

SYNC has been the topic of several research analyst reports. Zacks Investment Research cut shares of Synacor from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Canaccord Genuity lowered their target price on shares of Synacor from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Finally, ValuEngine upgraded shares of Synacor from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Synacor currently has an average rating of “Hold” and a consensus target price of $5.00.

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Synacor 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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Institutional Ownership by Quarter for Synacor (NASDAQ:SYNC)

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