Could Synacor, Inc. (SYNC) See a Reversal After Breaking Its 52-Week Low?

March 18, 2018 - By Nellie Frank

Investors sentiment decreased to 1.06 in Q3 2017. Its down 1.49, from 2.55 in 2017Q2. It dived, as 9 investors sold Synacor, Inc. shares while 8 reduced holdings. 6 funds opened positions while 12 raised stakes. 11.61 million shares or 7.07% more from 10.84 million shares in 2017Q2 were reported.
Jacobs Levy Equity Mngmt has 50,968 shares for 0% of their portfolio. Citadel Ltd stated it has 0% of its portfolio in Synacor, Inc. (NASDAQ:SYNC). Virtu Financial Limited Liability Company accumulated 15,486 shares. Prudential Fincl Inc invested in 0% or 104,400 shares. Group One Trading L P holds 0% in Synacor, Inc. (NASDAQ:SYNC) or 732 shares. Bankshares Of America Corporation De owns 2,000 shares. Blackrock holds 95,162 shares. Spark Invest Ltd Liability Corp invested in 0.02% or 138,100 shares. Northern Tru holds 0% of its portfolio in Synacor, Inc. (NASDAQ:SYNC) for 59,744 shares. Thompson Davis And Inc holds 20,700 shares or 0.1% of its portfolio. Wells Fargo Mn holds 9,546 shares. Morgan Stanley reported 11,206 shares stake. Moreover, Wellington Mgmt Gru Llp has 0% invested in Synacor, Inc. (NASDAQ:SYNC) for 1.73M shares. Commonwealth Equity Svcs stated it has 0% of its portfolio in Synacor, Inc. (NASDAQ:SYNC). Renaissance Techs Limited Liability stated it has 1.26M shares or 0% of all its holdings.

The stock of Synacor, Inc. (NASDAQ:SYNC) hit a new 52-week low and has $1.63 target or 7.00 % below today’s $1.75 share price. The 6 months bearish chart indicates high risk for the $67.70M company. The 1-year low was reported on Mar, 18 by If the $1.63 price target is reached, the company will be worth $4.74M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 14.63% or $0.3 during the last trading session, reaching $1.75. About 691,605 shares traded or 350.71% up from the average. Synacor, Inc. (NASDAQ:SYNC) has risen 15.89% since March 18, 2017 and is uptrending. It has underperformed by 0.81% the S&P500.

Analysts await Synacor, Inc. (NASDAQ:SYNC) to report earnings on March, 21. They expect $-0.01 EPS, up 90.00 % or $0.09 from last year’s $-0.1 per share.

Synacor, Inc. (NASDAQ:SYNC) Ratings Coverage

Among 5 analysts covering Synacor (NASDAQ:SYNC), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Synacor had 8 analyst reports since October 18, 2016 according to SRatingsIntel. The firm has “Hold” rating by Craig Hallum given on Thursday, August 10. Lake Street initiated it with “Buy” rating and $5.50 target in Tuesday, February 14 report. The rating was downgraded by Canaccord Genuity to “Hold” on Friday, March 16. The company was maintained on Thursday, August 10 by Canaccord Genuity. The stock has “Buy” rating by Canaccord Genuity on Wednesday, November 15. The stock has “Buy” rating by Ladenburg Thalmann on Tuesday, October 18. On Monday, June 12 the stock rating was maintained by Rosenblatt with “Buy”.

Synacor, Inc. operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers, governments, and enterprises. The company has market cap of $67.70 million. It enables its clients to provide their clients engaging, multiscreen experiences with products that require scale, and actionable data and implementation. It currently has negative earnings. The company, through its managed portals and advertising solutions, enables its clients to earn revenue by monetizing media among their consumers.

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