In the past 52-week period, shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) have moved within the range of $8.71 to $49.94. On the stock’s most recent trading day, the company’s shares ended the regular session at $11.12, which is 77.73% higher than its 52-week high.
Synchronoss Technologies, Inc. (SNCR) has demonstrated a 20-day simple moving average (SMA) of -6.18%, and a 50-day SMA of -20.53%. This public company’s current market capitalization stands at $521.08 million.
Analyzing Consensus Estimates, Sales Revenue and Net Income
When thinking about buying shares in a public company, it is useful to gauge the average enthusiasm level of Wall Street analysts for that specific stock. According to the latest data, the consensus recommendation for Synchronoss Technologies, Inc. (SNCR) is Hold.
When it comes to quarterly financial results, publicly-traded companies usually post earnings and revenue figures that fall somewhat above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Dec. 2016, Synchronoss Technologies, Inc. (SNCR) delivered a 16.77% surprise with its net revenue. Sales reached $0.12 billion during the three-month period, compared to the average analyst estimate of $0.15 billion.
Meanwhile, during the same quarter Synchronoss Technologies, Inc. (SNCR) delivered a 8.47% earnings surprise. Net earnings for the quarter were posted at $0.24 per share, whereas Wall Street had forecast $0.26 per share.
Ownership at Synchronoss Technologies, Inc. (SNCR), According to Most Recent SEC Filings
Investors can gain useful insight on institutional ownership within a public company by taking a look at the organization’s most recent 13F filings. Synchronoss Technologies, Inc. (SNCR) has 0.05 billion shares outstanding currently, 73.32% of which belong to institutional investors. Those institutional holdings amount to $0.39 billion.
Additionally, according to the most recent 13F filing from Synchronoss Technologies, Inc. (SNCR), there were 27 new positions totaling 3,807,230 shares of the company’s stock. There were 72 sold out positions, on the other hand, totaling 6,611,205 shares.