Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) have received a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.80.

A number of brokerages have weighed in on SNCR. BidaskClub lowered Synchronoss Technologies from a “hold” rating to a “sell” rating in a research note on Friday, May 4th. Zacks Investment Research lowered Synchronoss Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 25th.

NASDAQ:SNCR opened at $5.47 on Friday. Synchronoss Technologies has a 52-week low of $5.55 and a 52-week high of $17.09.

Synchronoss Technologies (NASDAQ:SNCR) last announced its earnings results on Monday, July 2nd. The software maker reported ($0.67) earnings per share for the quarter. The business had revenue of $83.71 million during the quarter, compared to analyst estimates of $107.00 million. sell-side analysts anticipate that Synchronoss Technologies will post 0.35 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Synchronoss Technologies during the 1st quarter valued at about $119,000. Investors Research Corp purchased a new stake in Synchronoss Technologies during the 1st quarter valued at about $127,000. Aperio Group LLC purchased a new stake in Synchronoss Technologies during the 1st quarter valued at about $134,000. Teacher Retirement System of Texas purchased a new stake in Synchronoss Technologies during the 4th quarter valued at about $149,000. Finally, BNP Paribas Arbitrage SA purchased a new stake in Synchronoss Technologies during the 1st quarter valued at about $152,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Synchronoss Technologies Company Profile

Synchronoss Technologies, Inc provides cloud solutions and software-based activation for connected devices worldwide. The company's products and services include cloud-based sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and multi-channel retailers, as well as other customers to accelerate and monetize value-add services for secure and broadband networks and connected devices.

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Analyst Recommendations for Synchronoss Technologies (NASDAQ:SNCR)

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