Synchronoss Technologies (NASDAQ:SNCR) Share Price Crosses Above 200 Day Moving Average of $6.48

Synchronoss Technologies, Inc. (NASDAQ:SNCR) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.48 and traded as high as $6.59. Synchronoss Technologies shares last traded at $6.55, with a volume of 29,705 shares.

Synchronoss Technologies Stock Performance

The firm has a market capitalization of $67.53 million, a price-to-earnings ratio of -0.99 and a beta of 1.66. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 5.11. The business has a 50-day moving average price of $8.63 and a 200-day moving average price of $6.48.

Synchronoss Technologies (NASDAQ:SNCR) last posted its earnings results on Tuesday, March 12th. The software maker reported ($0.90) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.71). The company had revenue of $41.40 million for the quarter, compared to analyst estimates of $43.76 million. Synchronoss Technologies had a negative return on equity of 17.99% and a negative net margin of 25.43%. As a group, sell-side analysts forecast that Synchronoss Technologies, Inc. will post -2.06 earnings per share for the current year.

Insider Buying and Selling at Synchronoss Technologies

In other Synchronoss Technologies news, Director Kevin Rendino bought 5,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was acquired at an average price of $9.30 per share, with a total value of $46,500.00. Following the completion of the acquisition, the director now directly owns 888,892 shares of the company’s stock, valued at $8,266,695.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Synchronoss Technologies news, EVP Patrick Joseph Doran sold 2,750 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $9.33, for a total transaction of $25,657.50. Following the sale, the executive vice president now directly owns 69,308 shares in the company, valued at $646,643.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Rendino bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was bought at an average price of $9.30 per share, with a total value of $46,500.00. Following the completion of the acquisition, the director now owns 888,892 shares of the company’s stock, valued at approximately $8,266,695.60. The disclosure for this purchase can be found here. Insiders sold 7,490 shares of company stock valued at $59,307 over the last quarter. 6.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Synchronoss Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. First Personal Financial Services purchased a new position in shares of Synchronoss Technologies during the fourth quarter worth about $25,000. Victory Capital Management Inc. acquired a new stake in Synchronoss Technologies during the 4th quarter worth $89,000. Bouvel Investment Partners LLC grew its position in Synchronoss Technologies by 3.4% during the 1st quarter. Bouvel Investment Partners LLC now owns 76,847 shares of the software maker’s stock worth $642,000 after purchasing an additional 2,518 shares during the last quarter. Finally, AWM Investment Company Inc. raised its holdings in shares of Synchronoss Technologies by 24.1% in the third quarter. AWM Investment Company Inc. now owns 4,403,591 shares of the software maker’s stock valued at $4,227,000 after buying an additional 854,411 shares during the last quarter. Institutional investors and hedge funds own 51.71% of the company’s stock.

Synchronoss Technologies Company Profile

Synchronoss Technologies, Inc provides cloud, messaging, digital, and network management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content.