Roth Capital Has Bullish Forecast for SNCR Q1 Earnings

Synchronoss Technologies, Inc. (NASDAQ:SNCR - Free Report) - Investment analysts at Roth Capital boosted their Q1 2025 earnings estimates for shares of Synchronoss Technologies in a research report issued to clients and investors on Wednesday, March 12th. Roth Capital analyst R. Baldry now expects that the software maker will post earnings of $0.10 per share for the quarter, up from their prior estimate of $0.03. Roth Capital currently has a "Strong-Buy" rating on the stock. The consensus estimate for Synchronoss Technologies' current full-year earnings is $0.10 per share. Roth Capital also issued estimates for Synchronoss Technologies' Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.27 EPS and FY2025 earnings at $0.70 EPS.

A number of other research analysts have also recently weighed in on SNCR. Roth Mkm upgraded shares of Synchronoss Technologies from a "neutral" rating to a "buy" rating and lifted their price objective for the company 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.

Synchronoss Technologies Stock Down 0.1 %

Shares of SNCR stock traded down $0.02 during trading on Monday, reaching $12.08. The company's stock had a trading volume of 103,398 shares, compared to its average volume of 71,338. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $138.85 million, a price-to-earnings ratio of -3.13 and a beta of 2.05. The stock's 50-day moving average price is $9.67 and its 200 day moving average price is $10.64. Synchronoss Technologies has a 1-year low of $6.02 and a 1-year high of $15.46.

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Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The software maker reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.75. The firm had revenue of $44.21 million during the quarter, compared to analysts' expectations of $43.76 million. Synchronoss Technologies had a negative net margin of 20.00% and a negative return on equity of 10.99%.

Institutional Trading of Synchronoss Technologies

Several institutional investors have recently modified their holdings of SNCR. Man Group plc lifted its position in shares of Synchronoss Technologies by 131.0% during the 4th quarter. Man Group plc now owns 122,667 shares of the software maker's stock worth $1,178,000 after buying an additional 69,569 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Synchronoss Technologies by 54,341.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 58,797 shares of the software maker's stock worth $875,000 after buying an additional 58,689 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Synchronoss Technologies during the 4th quarter worth approximately $404,000. LSV Asset Management purchased a new stake in shares of Synchronoss Technologies during the 4th quarter worth approximately $400,000. Finally, Two Sigma Investments LP lifted its position in shares of Synchronoss Technologies by 140.8% during the 4th quarter. Two Sigma Investments LP now owns 67,141 shares of the software maker's stock worth $645,000 after buying an additional 39,256 shares during the last quarter. Hedge funds and other institutional investors own 51.71% of the company's stock.

Insiders Place Their Bets

In other Synchronoss Technologies news, CEO Jeffrey George Miller sold 17,389 shares of the business'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 transaction of $179,802.26. Following the completion of the transaction, the chief executive officer now owns 336,232 shares in the company, valued at $3,476,638.88. The trade was a 4.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 17.90% of the stock is currently owned by company insiders.

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.