Synchronoss Technologies, Inc. (NASDAQ:SNCR - Free Report) - Northland Capmk lowered their Q1 2025 EPS estimates for shares of Synchronoss Technologies in a report issued on Wednesday, March 12th. Northland Capmk analyst M. Latimore now anticipates that the software maker will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.31. The consensus estimate for Synchronoss Technologies' current full-year earnings is $0.10 per share. Northland Capmk also issued estimates for Synchronoss Technologies' Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.54 EPS.
Several other research analysts have also weighed in on SNCR. Roth Mkm upgraded shares of Synchronoss Technologies from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $11.00 to $13.00 in a report on Monday, November 25th. StockNews.com upgraded shares of Synchronoss Technologies from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Finally, Roth Capital upgraded shares of Synchronoss Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, November 25th.
Get Our Latest Stock Analysis on Synchronoss Technologies
Synchronoss Technologies Trading Down 0.1 %
Shares of SNCR stock traded down $0.02 during trading hours on Monday, hitting $12.08. 103,398 shares of the company were exchanged, compared to its average volume of 71,338. The firm has a market cap of $138.85 million, a PE ratio of -3.13 and a beta of 2.05. Synchronoss Technologies has a 1 year low of $6.02 and a 1 year high of $15.46. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 5.75. The firm has a fifty day moving average of $9.67 and a 200 day moving average of $10.64.
Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.75. Synchronoss Technologies had a negative net margin of 20.00% and a negative return on equity of 10.99%. The company had revenue of $44.21 million for the quarter, compared to analysts' expectations of $43.76 million.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of SNCR. GSA Capital Partners LLP purchased a new position in Synchronoss Technologies in the third quarter valued at approximately $165,000. State Street Corp grew its position in Synchronoss Technologies by 12.9% in the third quarter. State Street Corp now owns 35,075 shares of the software maker's stock valued at $522,000 after acquiring an additional 4,000 shares in the last quarter. XTX Topco Ltd acquired a new stake in Synchronoss Technologies in the third quarter valued at approximately $237,000. Barclays PLC grew its position in Synchronoss Technologies by 603.6% in the third quarter. Barclays PLC now owns 5,734 shares of the software maker's stock valued at $85,000 after acquiring an additional 4,919 shares in the last quarter. Finally, Geode Capital Management LLC grew its position 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 acquiring an additional 4,159 shares in the last quarter. Hedge funds and other institutional investors own 51.71% of the company's stock.
Insider Activity at Synchronoss Technologies
In related news, CEO Jeffrey George Miller sold 17,389 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $10.34, for a total value of $179,802.26. Following the transaction, the chief executive officer now owns 336,232 shares in the company, valued at approximately $3,476,638.88. This trade represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 17.90% of the stock is currently owned by insiders.
Synchronoss Technologies Company Profile
(
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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.
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