Synacor Inc Q1 2018 Institutional Investor Sentiment Worse Than Expected

June 21, 2018 - By Richard Conner

Synacor, Inc. (NASDAQ:SYNC) Logo

Sentiment for Synacor Inc (NASDAQ:SYNC)

Synacor Inc (NASDAQ:SYNC) institutional sentiment decreased to 1 in Q1 2018. Its down -0.13, from 1.13 in 2017Q4. The ratio dived, as 16 institutional investors increased and started new holdings, while 16 cut down and sold their positions in Synacor Inc. The institutional investors in our partner’s database reported: 10.33 million shares, down from 11.76 million shares in 2017Q4. Also, the number of institutional investors holding Synacor Inc in their top 10 holdings increased from 0 to 1 for an increase of 1. Sold All: 8 Reduced: 8 Increased: 11 New Position: 5.

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 $76.62 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.

The stock increased 1.28% or $0.025 during the last trading session, reaching $1.975. About 59,909 shares traded. Synacor, Inc. (NASDAQ:SYNC) has declined 42.03% since June 21, 2017 and is downtrending. It has underperformed by 54.60% the S&P500.

Intel Corp holds 0.23% of its portfolio in Synacor, Inc. for 866,884 shares. Ariel Investments Llc owns 4.05 million shares or 0.07% of their US portfolio. Moreover, Northpointe Capital Llc has 0.05% invested in the company for 255,534 shares. The Us-based Ancora Advisors Llc has invested 0.03% in the stock. Alyeska Investment Group L.P., a Illinois-based fund reported 890,536 shares.

Synacor, Inc. (NASDAQ:SYNC) Ratings Coverage

Ratings analysis reveals 50% of Synacor’s analysts are positive. Out of 2 Wall Street analysts rating Synacor, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. SYNC was included in 2 notes of analysts from March 16, 2018. Rosenblatt maintained it with “Buy” rating and $4.7500 target in Thursday, May 10 report. Canaccord Genuity downgraded Synacor, Inc. (NASDAQ:SYNC) on Friday, March 16 to “Hold” rating.

More notable recent Synacor, Inc. (NASDAQ:SYNC) news were published by: Globenewswire.com which released: “SYNACOR SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100000 …” on May 26, 2018, also Businesswire.com with their article: “SYNC Deadline Alert: Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit …” published on June 04, 2018, Globenewswire.com published: “DEADLINE ALERT: Shareholder Class Action Against Synacor, Inc. – SYNC” on May 26, 2018. More interesting news about Synacor, Inc. (NASDAQ:SYNC) were released by: Digitaljournal.com and their article: “NASDAQ:SYNC Shareholder Notice: Deadline in Lawsuit Against Synacor, Inc. on June 4, 2018” published on June 01, 2018 as well as Businesswire.com‘s news article titled: “Synacor Expands Relationship with Mediacom Communications” with publication date: June 05, 2018.

Synacor, Inc. (NASDAQ:SYNC) Institutional Positions Chart

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