Synchronoss Technologies (NASDAQ:SNCR) Upgraded at Roth Capital

Roth Capital upgraded shares of Synchronoss Technologies (NASDAQ:SNCR) from a hold rating to a strong-buy rating in a report published on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Roth Mkm raised Synchronoss Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $11.00 to $13.00 in a research report on Monday. StockNews.com cut shares of Synchronoss Technologies from a “buy” rating to a “hold” rating in a report on Friday, August 16th.

Synchronoss Technologies Trading Up 4.3 %

Shares of NASDAQ SNCR opened at $9.81 on Monday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 5.75. The stock has a market capitalization of $106.34 million, a PE ratio of -2.45 and a beta of 1.99. Synchronoss Technologies has a twelve month low of $3.55 and a twelve month high of $15.46. The stock has a fifty day simple moving average of $11.54 and a 200-day simple moving average of $10.86.

Insider Activity at Synchronoss Technologies

In other news, Director Martin Francis Bernstein sold 6,036 shares of Synchronoss Technologies stock in a transaction on Friday, September 13th. The shares were sold at an average price of $14.14, for a total transaction of $85,349.04. Following the completion of the sale, the director now directly owns 48,498 shares of the company’s stock, valued at approximately $685,761.72. The trade was a 11.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patrick Joseph Doran sold 3,250 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $14.77, for a total transaction of $48,002.50. Following the transaction, the executive vice president now owns 107,483 shares of the company’s stock, valued at approximately $1,587,523.91. The trade was a 2.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,165 shares of company stock worth $513,165. Company insiders own 17.90% of the company’s stock.

Institutional Trading of Synchronoss Technologies

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC raised its position in shares of Synchronoss Technologies by 603.6% during the 3rd quarter. Barclays PLC now owns 5,734 shares of the software maker’s stock worth $85,000 after acquiring an additional 4,919 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Synchronoss Technologies by 4.1% in the third quarter. Geode Capital Management LLC now owns 104,557 shares of the software maker’s stock valued at $1,557,000 after purchasing an additional 4,159 shares in the last quarter. XTX Topco Ltd purchased a new position in Synchronoss Technologies in the third quarter valued at approximately $237,000. State Street Corp raised its holdings in Synchronoss Technologies by 12.9% during the third quarter. State Street Corp now owns 35,075 shares of the software maker’s stock worth $522,000 after purchasing an additional 4,000 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Synchronoss Technologies during the 3rd quarter worth approximately $165,000. 51.71% of the stock is owned by hedge funds and other institutional investors.

About Synchronoss Technologies

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.