Ascendiant Capital Markets Initiates Coverage on Synergy CHC (NASDAQ:SNYR)

Stock analysts at Ascendiant Capital Markets initiated coverage on shares of Synergy CHC (NASDAQ:SNYR) in a report issued on Monday, Marketbeat reports. The brokerage set a “buy” rating and a $5.00 price target on the stock. Ascendiant Capital Markets’ price objective would suggest a potential upside of 168.82% from the stock’s current price.

A number of other equities analysts have also recently issued reports on SNYR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Synergy CHC in a research note on Monday, December 29th. Roth Mkm cut their price target on Synergy CHC from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, Wall Street Zen cut Synergy CHC from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Synergy CHC has an average rating of “Moderate Buy” and an average price target of $6.00.

Synergy CHC Stock Up 6.3%

SNYR stock opened at $1.86 on Monday. Synergy CHC has a twelve month low of $1.30 and a twelve month high of $4.26. The company has a market cap of $20.93 million, a P/E ratio of 6.41 and a beta of 3.48. The business has a fifty day moving average of $1.87 and a 200-day moving average of $2.38.

Synergy CHC (NASDAQ:SNYR) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $8.01 million during the quarter. Synergy CHC had a negative return on equity of 19.51% and a net margin of 7.77%. As a group, equities research analysts anticipate that Synergy CHC will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of Synergy CHC

A number of large investors have recently made changes to their positions in SNYR. Geode Capital Management LLC bought a new position in Synergy CHC during the second quarter worth about $29,000. Virtu Financial LLC acquired a new stake in shares of Synergy CHC during the third quarter worth about $38,000. XTX Topco Ltd bought a new position in shares of Synergy CHC during the 2nd quarter valued at about $57,000. Warberg Asset Management LLC bought a new stake in Synergy CHC during the 3rd quarter worth approximately $82,000. Finally, Sanders Morris Harris LLC raised its holdings in Synergy CHC by 5.0% during the 3rd quarter. Sanders Morris Harris LLC now owns 391,702 shares of the company’s stock worth $956,000 after buying an additional 18,701 shares during the period.

Synergy CHC Company Profile

Synergy CHC Corp. engages in the marketing and distribution of branded health and wellness products. The company was founded on December 29, 2010 and is headquartered in Westbrook, ME.