Zacks Research Upgrades Synergy CHC (NASDAQ:SNYR) to “Hold”

Synergy CHC (NASDAQ:SNYR) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other analysts also recently commented on the company. Weiss Ratings upgraded Synergy CHC from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. Ascendiant Capital Markets boosted their price target on Synergy CHC from $5.00 to $5.50 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Synergy CHC presently has an average rating of “Hold” and an average target price of $6.25.

Synergy CHC Trading Up 0.8%

NASDAQ SNYR opened at $0.17 on Monday. Synergy CHC has a 12 month low of $0.16 and a 12 month high of $3.99. The stock’s fifty day moving average price is $0.20 and its 200-day moving average price is $0.71. The stock has a market cap of $2.51 million, a P/E ratio of -0.12 and a beta of -0.14.

Synergy CHC (NASDAQ:SNYR) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26). The company had revenue of $5.49 million for the quarter. As a group, analysts forecast that Synergy CHC will post -0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Synergy CHC

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in shares of Synergy CHC by 29.9% during the 4th quarter. Geode Capital Management LLC now owns 36,038 shares of the company’s stock valued at $67,000 after buying an additional 8,288 shares during the period. XTX Topco Ltd purchased a new position in shares of Synergy CHC in the 2nd quarter worth $57,000. DRW Securities LLC bought a new position in Synergy CHC in the fourth quarter valued at about $36,000. Finally, Virtu Financial LLC purchased a new position in Synergy CHC in the third quarter worth about $38,000.

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.