Synchronoss Technologies (NASDAQ:SNCR) Stock Passes Above 200 Day Moving Average - Time to Sell?

Synchronoss Technologies, Inc. (NASDAQ:SNCR - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.57 and traded as high as $12.85. Synchronoss Technologies shares last traded at $12.02, with a volume of 196,354 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Synchronoss Technologies from a "hold" rating to a "buy" rating in a research report on Friday, March 14th.

Synchronoss Technologies Price Performance

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 stock has a market capitalization of $133.76 million, a PE ratio of -3.00 and a beta of 2.05. The stock's 50-day moving average is $10.07 and its 200 day moving average is $10.58.

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The software maker reported $0.85 EPS for the quarter, beating 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 business had revenue of $44.21 million for the quarter, compared to analysts' expectations of $43.76 million. As a group, equities analysts predict that Synchronoss Technologies, Inc. will post 0.1 earnings per share for the current year.

Insider Activity

In other news, CEO Jeffrey George Miller sold 17,389 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $10.34, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Synchronoss Technologies

Large investors have recently bought and sold shares of the business. State Street Corp boosted its stake in shares of Synchronoss Technologies by 12.9% during the 3rd quarter. State Street Corp now owns 35,075 shares of the software maker's stock worth $522,000 after acquiring an additional 4,000 shares in the last quarter. XTX Topco Ltd bought a new stake in Synchronoss Technologies during the third quarter worth approximately $237,000. Barclays PLC boosted its position in Synchronoss Technologies by 603.6% during the third quarter. Barclays PLC now owns 5,734 shares of the software maker's stock worth $85,000 after purchasing an additional 4,919 shares during the period. Geode Capital Management LLC grew its holdings in Synchronoss Technologies by 4.1% during 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 during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Synchronoss Technologies by 54,341.7% in the third quarter. JPMorgan Chase & Co. now owns 58,797 shares of the software maker's stock valued at $875,000 after purchasing an additional 58,689 shares during the period. 51.71% of the stock is currently owned by institutional investors.

Synchronoss Technologies Company Profile

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.