Synergy CHC (NASDAQ:SNYR) Coverage Initiated by Analysts at Ascendiant Capital Markets

Ascendiant Capital Markets assumed coverage on shares of Synergy CHC (NASDAQ:SNYR) in a report issued on Monday morning, MarketBeat reports. The firm issued a buy rating and a $5.00 price target on the stock.

Several other research firms have also weighed in on SNYR. Roth Mkm cut their target price on shares of Synergy CHC from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Wall Street Zen cut shares of Synergy CHC from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Synergy CHC in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Synergy CHC Price Performance

NASDAQ SNYR opened at $1.86 on Monday. The company’s fifty day moving average is $1.87 and its two-hundred day moving average is $2.38. The firm has a market capitalization of $20.93 million, a price-to-earnings ratio of 6.41 and a beta of 3.48. Synergy CHC has a 52-week low of $1.30 and a 52-week high of $4.26.

Synergy CHC (NASDAQ:SNYR) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $8.01 million during the quarter. Synergy CHC had a negative return on equity of 19.51% and a net margin of 7.77%. As a group, sell-side analysts expect that Synergy CHC will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Synergy CHC

Institutional investors and hedge funds have recently bought and sold shares of the company. Heartland Advisors Inc. acquired a new position in shares of Synergy CHC in the 3rd quarter worth approximately $1,342,000. Warberg Asset Management LLC bought a new position in Synergy CHC during the third quarter worth $82,000. XTX Topco Ltd acquired a new stake in Synergy CHC in the second quarter worth $57,000. Sanders Morris Harris LLC increased its stake in Synergy CHC by 5.0% in the third quarter. Sanders Morris Harris LLC now owns 391,702 shares of the company’s stock valued at $956,000 after purchasing an additional 18,701 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Synergy CHC during the third quarter worth approximately $38,000.

Synergy CHC Company Profile

Synergy CHC Corp. engages in the marketing and distribution of branded health and wellness products. The company was founded on December 29, 2010 and is headquartered in Westbrook, ME.