Insider Buying: Synacor Inc (SYNC) Director Purchases 9,500 Shares of Stock

Synacor Inc (NASDAQ:SYNC) Director Scott Murphy bought 9,500 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was acquired at an average price of $1.64 per share, for a total transaction of $15,580.00. Following the purchase, the director now directly owns 62,700 shares in the company, valued at $102,828. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Scott Murphy also recently made the following trade(s):

  • On Thursday, May 16th, Scott Murphy bought 5,000 shares of Synacor stock. The stock was acquired at an average price of $1.64 per share, for a total transaction of $8,200.00.

Shares of NASDAQ SYNC traded down $0.03 during midday trading on Friday, reaching $1.75. The company’s stock had a trading volume of 18,093 shares, compared to its average volume of 68,176. Synacor Inc has a 12-month low of $1.40 and a 12-month high of $2.50. The company has a market capitalization of $69.20 million, a PE ratio of -13.46 and a beta of 0.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.11.

Synacor (NASDAQ:SYNC) last announced its earnings results 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 return on equity of 11.02% and a negative net margin of 5.20%. The firm had revenue of $39.40 million for the quarter. As a group, research analysts expect that Synacor Inc will post -0.02 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Nations Financial Group Inc. IA ADV lifted its stake in Synacor by 62.5% in the first quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 7,500 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new position in Synacor in the first quarter valued at approximately $38,000. Punch & Associates Investment Management Inc. lifted its stake in Synacor by 28.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 160,000 shares of the information services provider’s stock valued at $251,000 after purchasing an additional 35,000 shares during the last quarter. NJ State Employees Deferred Compensation Plan lifted its stake in Synacor by 4.8% in the first quarter. NJ State Employees Deferred Compensation Plan now owns 220,000 shares of the information services provider’s stock valued at $345,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Cowen Prime Services LLC lifted its stake in Synacor by 5.8% in the fourth quarter. Cowen Prime Services LLC now owns 330,225 shares of the information services provider’s stock valued at $489,000 after purchasing an additional 18,074 shares during the last quarter. Institutional investors and hedge funds own 26.13% of the company’s stock.

Separately, ValuEngine upgraded Synacor from a “hold” rating to a “buy” rating in a research note on Monday, April 1st.

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Synacor Company Profile

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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