Synergy CHC (NASDAQ:SNYR) Given New $5.50 Price Target at Ascendiant Capital Markets

Synergy CHC (NASDAQ:SNYR) had its price target lifted by Ascendiant Capital Markets from $5.00 to $5.50 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Separately, Weiss Ratings lowered Synergy CHC from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.25.

Synergy CHC Stock Up 7.8%

Shares of NASDAQ SNYR opened at $0.62 on Tuesday. The firm has a market cap of $7.12 million, a price-to-earnings ratio of -0.58 and a beta of 2.92. Synergy CHC has a 52-week low of $0.55 and a 52-week high of $4.08. The business’s 50 day moving average is $1.27 and its two-hundred day moving average is $1.79.

Synergy CHC (NASDAQ:SNYR) last announced its earnings results on Wednesday, April 1st. The company reported ($1.54) earnings per share (EPS) for the quarter. The firm had revenue of $6.07 million during the quarter. Synergy CHC had a negative net margin of 42.59% and a negative return on equity of 19.51%. Analysts anticipate that Synergy CHC will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Synergy CHC

Several institutional investors have recently modified their holdings of the business. DRW Securities LLC acquired a new position in shares of Synergy CHC in the fourth quarter worth $36,000. Geode Capital Management LLC grew its stake in shares of Synergy CHC by 29.9% in the fourth quarter. Geode Capital Management LLC now owns 36,038 shares of the company’s stock worth $67,000 after acquiring an additional 8,288 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Synergy CHC in the third quarter worth $38,000. Heartland Advisors Inc. acquired a new position in shares of Synergy CHC in the third quarter worth $1,342,000. Finally, Warberg Asset Management LLC acquired a new position in shares of Synergy CHC in the third quarter worth $82,000.

About Synergy CHC

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.