Synacor Inc (NASDAQ:SYNC) Director Scott Murphy bought 9,500 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was purchased at an average price of $1.64 per share, with a total value of $15,580.00. Following the completion of the transaction, the director now directly owns 62,700 shares in the company, valued at approximately $102,828. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Scott Murphy also recently made the following trade(s):

  • On Thursday, May 16th, Scott Murphy bought 5,000 shares of Synacor stock. The stock was purchased at an average price of $1.64 per share, with a total value of $8,200.00.

Shares of Synacor stock traded up $0.01 during midday trading on Thursday, hitting $1.77. 7 shares of the company traded hands, compared to its average volume of 137,953. The firm has a market capitalization of $68.80 million, a PE ratio of -13.69 and a beta of 0.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.11. Synacor Inc has a 12 month low of $1.40 and a 12 month high of $2.50.

Synacor (NASDAQ:SYNC) last announced its quarterly earnings results on Wednesday, March 13th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $39.40 million for the quarter. Synacor had a negative net margin of 5.20% and a negative return on equity of 11.02%. As a group, research analysts anticipate that Synacor Inc will post -0.02 earnings per share for the current year.

Separately, ValuEngine upgraded shares of Synacor from a “hold” rating to a “buy” rating in a research report on Monday, April 1st.

Several institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. bought a new stake in shares of Synacor during the 1st quarter valued at approximately $38,000. Renaissance Technologies LLC grew its holdings in shares of Synacor by 4.1% during the 1st quarter. Renaissance Technologies LLC now owns 1,518,100 shares of the information services provider’s stock valued at $2,383,000 after purchasing an additional 59,600 shares during the last quarter. Punch & Associates Investment Management Inc. grew its holdings in shares of Synacor by 28.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 160,000 shares of the information services provider’s stock valued at $251,000 after purchasing an additional 35,000 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Synacor by 62.5% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 7,500 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan grew its holdings in shares of Synacor by 4.8% during the 1st quarter. NJ State Employees Deferred Compensation Plan now owns 220,000 shares of the information services provider’s stock valued at $345,000 after purchasing an additional 10,000 shares during the last quarter. 26.13% of the stock is currently owned by institutional investors.

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About Synacor

Synacor, Inc operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers, governments, and enterprises in the United States and internationally. It enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, and actionable data and implementation.

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