Synchronoss Technologies, Inc. (SNCR) Stock Price Increases Today

February 25, 2018 - By Marguerite Chambers

Investors sentiment increased to 0.83 in 2017 Q3. Its up 0.18, from 0.65 in 2017Q2. It is positive, as 25 investors sold Synchronoss Technologies, Inc. shares while 56 reduced holdings. 31 funds opened positions while 36 raised stakes. 32.08 million shares or 5.64% less from 33.99 million shares in 2017Q2 were reported.
Dimensional Fund L P reported 2.00 million shares or 0.01% of all its holdings. Connor Clark Lunn Invest Ltd stated it has 881,594 shares. Teachers Retirement System Of The State Of Kentucky owns 12,900 shares. Tiaa Cref Mgmt Ltd Liability Company owns 0% invested in Synchronoss Technologies, Inc. (NASDAQ:SNCR) for 112,433 shares. Two Sigma Secs Lc reported 19,044 shares stake. Winslow Evans And Crocker holds 20,184 shares. Adams Asset Ltd Liability Company owns 64,171 shares for 0.08% of their portfolio. New York-based Springowl Associates Llc has invested 0.06% in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Parkside Financial Bank And reported 0% of its portfolio in Synchronoss Technologies, Inc. (NASDAQ:SNCR). California State Teachers Retirement holds 68,285 shares. Citadel Advisors Ltd Llc owns 350,000 shares. Texas-based Texas Permanent School Fund has invested 0% in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 537,585 shares or 0.07% of its portfolio. Pnc Financial Svcs Grp Inc Inc invested 0% of its portfolio in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Thrivent Finance For Lutherans invested in 26,030 shares or 0% of the stock.

Since January 30, 2018, it had 0 insider buys, and 1 sale for $5,549 activity.

The stock of Synchronoss Technologies, Inc. (NASDAQ:SNCR) is a huge mover today! The stock increased 6.43% or $0.57 during the last trading session, reaching $9.44. About 1.40M shares traded or 35.56% up from the average. Synchronoss Technologies, Inc. (NASDAQ:SNCR) has declined 60.71% since February 25, 2017 and is downtrending. It has underperformed by 77.41% the S&P500.
The move comes after 7 months positive chart setup for the $448.54M company. It was reported on Feb, 25 by Barchart.com. We have $10.10 PT which if reached, will make NASDAQ:SNCR worth $31.40 million more.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) Ratings Coverage

Among 8 analysts covering Synchronoss Technologies Inc. (NASDAQ:SNCR), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Synchronoss Technologies Inc. had 19 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Hold” rating by Drexel Hamilton on Wednesday, June 14. The firm earned “Sell” rating on Thursday, December 7 by Credit Suisse. The rating was maintained by Stifel Nicolaus on Wednesday, October 18 with “Hold”. JP Morgan initiated the stock with “Overweight” rating in Wednesday, January 25 report. The firm has “Hold” rating given on Thursday, February 8 by Stifel Nicolaus. Drexel Hamilton initiated the shares of SNCR in report on Wednesday, June 1 with “Buy” rating. The firm has “Hold” rating given on Thursday, February 4 by Stifel Nicolaus. As per Monday, May 22, the company rating was downgraded by Credit Suisse. The stock of Synchronoss Technologies, Inc. (NASDAQ:SNCR) has “Hold” rating given on Tuesday, September 19 by Stifel Nicolaus. Stephens initiated Synchronoss Technologies, Inc. (NASDAQ:SNCR) on Wednesday, August 10 with “Overweight” rating.

More notable recent Synchronoss Technologies, Inc. (NASDAQ:SNCR) news were published by: Businesswire.com which released: “Synchronoss Announces Closing of Convertible Preferred Stock Investment” on February 15, 2018, also Businesswire.com with their article: “Synchronoss Joins AT&T Smart Cities Strategic Alliance” published on February 22, 2018, Prnewswire.com published: “Pre-Market Technical Scan on Application Software Equities — Stamps.com …” on February 02, 2018. More interesting news about Synchronoss Technologies, Inc. (NASDAQ:SNCR) were released by: Streetinsider.com and their article: “Synchronoss Technologies (SNCR) Reports Positive Nasdaq Panel Decision” published on February 08, 2018 as well as Fool.com‘s news article titled: “David’s 6 Biggest Stock Pick Losers, No. 1: Synchronoss Technologies” with publication date: January 27, 2018.

Synchronoss Technologies, Inc. provides cloud solutions and software activation for connected devices worldwide. The company has market cap of $448.54 million. The company's services and products include cloud sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and multi-channel retailers, as well as other clients to accelerate and monetize value-add services for secure and broadband networks and connected devices. It has a 20.98 P/E ratio. It also provides Synchronoss Enterprise solutions, such as secure mobility management, data and analytics, and identity and access management solutions for the financial, telecommunications, healthcare, life sciences, and government sectors; and Synchronoss Personal Cloud platform that delivers an operator-branded experience for subscribers to backup, restore, synchronize, and share their personal content across smartphones, tablets, computers, and other connected devices.

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