Analysts Set Synchronoss Technologies, Inc. (SNCR) Price Target at $10.80
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.
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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