Synacor Inc (NASDAQ:SYNC) CEO Himesh Bhise bought 15,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $1.56 per share, with a total value of $23,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 41,000 shares of the company’s stock, valued at approximately $63,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of SYNC stock traded up $0.03 during trading hours on Friday, hitting $1.67. 146,400 shares of the company’s stock traded hands, compared to its average volume of 65,683. Synacor Inc has a 12-month low of $1.40 and a 12-month high of $2.50. The firm has a market capitalization of $63.26 million, a price-to-earnings ratio of -12.85 and a beta of 0.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.26 and a current ratio of 1.11.
Synacor (NASDAQ:SYNC) last announced its quarterly earnings data on Wednesday, March 13th. The information services provider reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Synacor had a negative net margin of 5.20% and a negative return on equity of 11.02%. The company had revenue of $39.40 million during the quarter. As a group, sell-side analysts forecast that Synacor Inc will post -0.02 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in shares of Synacor by 4.2% in the 3rd quarter. Renaissance Technologies LLC now owns 1,437,200 shares of the information services provider’s stock valued at $2,300,000 after buying an additional 57,900 shares in the last quarter. Cowen Prime Services LLC boosted its holdings in shares of Synacor by 5.8% in the 4th quarter. Cowen Prime Services LLC now owns 330,225 shares of the information services provider’s stock valued at $489,000 after buying an additional 18,074 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in shares of Synacor in the 4th quarter valued at $711,000. Emancipation Management LLC boosted its holdings in shares of Synacor by 2.1% in the 4th quarter. Emancipation Management LLC now owns 626,808 shares of the information services provider’s stock valued at $928,000 after buying an additional 12,700 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan boosted its holdings in shares of Synacor by 4.8% in the 1st quarter. NJ State Employees Deferred Compensation Plan now owns 220,000 shares of the information services provider’s stock valued at $345,000 after buying an additional 10,000 shares in the last quarter. Institutional investors own 26.65% of the company’s stock.
Separately, ValuEngine upgraded shares of Synacor from a “hold” rating to a “buy” rating in a report on Monday, April 1st.
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Synacor, Inc operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers, governments, and enterprises in the United States and internationally. It enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, and actionable data and implementation.
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