Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.95 and traded as high as $1.13. Synchronoss Technologies shares last traded at $1.10, with a volume of 156,873 shares.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on SNCR. LADENBURG THALM/SH SH dropped their target price on shares of Synchronoss Technologies from $4.60 to $4.00 in a research report on Wednesday, May 10th. StockNews.com began coverage on shares of Synchronoss Technologies in a research note on Tuesday. They set a “hold” rating on the stock.
View Our Latest Stock Report on Synchronoss Technologies
Synchronoss Technologies Price Performance
Institutional Investors Weigh In On Synchronoss Technologies
Institutional investors and hedge funds have recently made changes to their positions in the company. CM Wealth Advisors LLC acquired a new stake in shares of Synchronoss Technologies in the 1st quarter valued at $117,000. Jane Street Group LLC acquired a new position in Synchronoss Technologies during the 2nd quarter worth about $36,000. Quadrature Capital Ltd acquired a new position in Synchronoss Technologies during the 3rd quarter worth about $32,000. Prudential Financial Inc. acquired a new position in Synchronoss Technologies during the 2nd quarter worth about $30,000. Finally, Financial Architects Inc acquired a new position in Synchronoss Technologies during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 40.53% of the company’s stock.
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's product EngageX, offers personal cloud, which helps in backup, manage, and engage with content; multi-channel messaging, peer-to-peer communications, and application-to-person commerce solutions; and email solutions.
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