Synacor Inc (SYNC) was Initiated by Ladenburg Thalmann to “Buy” and the brokerage firm has set the Price Target at $7. Ladenburg Thalmann advised their investors in a research report released on Oct 18, 2016.
Synacor Inc opened for trading at $2.75 and hit $2.823 on the upside on Friday, eventually ending the session at $2.8, with a gain of 1.82% or 0.05 points. The heightened volatility saw the trading volume jump to 65,771 shares. Company has a market cap of $85 M.
In a different news, on Jun 15, 2016, Jordan Levy (director) sold 25,000 shares at $3.08 per share price. According to the SEC, on Mar 11, 2015, Gary L Ginsberg (director) purchased 20,000 shares at $2.33 per share price. On Mar 9, 2015, William John Stuart (CFO) purchased 15,000 shares at $2.17 per share price, according to the Form-4 filing with the securities and exchange commission.
Synacor Inc. is a provider of start experiences (startpages and homescreens) video solutions identity management (Cloud ID) and various cloud-based services across various devices for cable satellite telecom and consumer electronics companies. The Company is also a provider of authentication and aggregation solutions enabling the delivery of personalized online content. The Company’s technology allows its customers to package various personalized online content and cloud-based services with their Internet communications television and other digital offerings. The Company’s customers offer the Company’s services under their own brands on Internet-enabled devices such as personal computers (PCs) tablets smartphones and connected Televisions. Its product offerings include Start Watch and Communicate. Its products and services include start experiences advertising video experience cloud ID communications (email) and subscriber-based services.