Brokerages Set Synchronoss Technologies, Inc. (SNCR) Target Price at $16.00

Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) have received a consensus recommendation of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.00.

Several brokerages have recently issued reports on SNCR. Zacks Investment Research upgraded shares of Synchronoss Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 25th. Deutsche Bank AG restated a “hold” rating and issued a $10.00 target price (down previously from $18.00) on shares of Synchronoss Technologies in a report on Wednesday, September 20th. Citigroup Inc. upped their target price on shares of Synchronoss Technologies to $10.00 and gave the company a “hold” rating in a report on Wednesday, September 20th. Raymond James Financial, Inc. cut shares of Synchronoss Technologies from an “outperform” rating to an “underperform” rating and set a $18.00 target price for the company. in a report on Tuesday, September 19th. Finally, BidaskClub cut shares of Synchronoss Technologies from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th.

TRADEMARK VIOLATION WARNING: “Brokerages Set Synchronoss Technologies, Inc. (SNCR) Target Price at $16.00” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/21/brokerages-set-synchronoss-technologies-inc-sncr-target-price-at-16-00.html.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Synchronoss Technologies by 155,453.2% during the 1st quarter. BlackRock Inc. now owns 5,134,811 shares of the software maker’s stock worth $125,291,000 after purchasing an additional 5,131,510 shares during the period. Vanguard Group Inc. boosted its stake in Synchronoss Technologies by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 3,652,395 shares of the software maker’s stock worth $89,119,000 after purchasing an additional 148,136 shares during the period. Dimensional Fund Advisors LP boosted its stake in Synchronoss Technologies by 29.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,357,569 shares of the software maker’s stock worth $38,782,000 after purchasing an additional 540,181 shares during the period. Elk Creek Partners LLC boosted its stake in Synchronoss Technologies by 11.7% during the 2nd quarter. Elk Creek Partners LLC now owns 2,339,095 shares of the software maker’s stock worth $38,478,000 after purchasing an additional 245,056 shares during the period. Finally, State Street Corp boosted its stake in Synchronoss Technologies by 8.1% during the 2nd quarter. State Street Corp now owns 1,054,586 shares of the software maker’s stock worth $17,346,000 after purchasing an additional 78,729 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Synchronoss Technologies (NASDAQ:SNCR) traded down 1.04% on Wednesday, hitting $11.39. 1,815,505 shares of the company’s stock were exchanged. Synchronoss Technologies has a 12-month low of $8.71 and a 12-month high of $49.94. The company has a

Several brokerages have recently issued reports on SNCR. Zacks Investment Research upgraded shares of Synchronoss Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 25th. Deutsche Bank AG restated a “hold” rating and issued a $10.00 target price (down previously from $18.00) on shares of Synchronoss Technologies in a report on Wednesday, September 20th. Citigroup Inc. upped their target price on shares of Synchronoss Technologies to $10.00 and gave the company a “hold” rating in a report on Wednesday, September 20th. Raymond James Financial, Inc. cut shares of Synchronoss Technologies from an “outperform” rating to an “underperform” rating and set a $18.00 target price for the company. in a report on Tuesday, September 19th. Finally, BidaskClub cut shares of Synchronoss Technologies from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th.

TRADEMARK VIOLATION WARNING: “Brokerages Set Synchronoss Technologies, Inc. (SNCR) Target Price at $16.00” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/21/brokerages-set-synchronoss-technologies-inc-sncr-target-price-at-16-00.html.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Synchronoss Technologies by 155,453.2% during the 1st quarter. BlackRock Inc. now owns 5,134,811 shares of the software maker’s stock worth $125,291,000 after purchasing an additional 5,131,510 shares during the period. Vanguard Group Inc. boosted its stake in Synchronoss Technologies by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 3,652,395 shares of the software maker’s stock worth $89,119,000 after purchasing an additional 148,136 shares during the period. Dimensional Fund Advisors LP boosted its stake in Synchronoss Technologies by 29.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,357,569 shares of the software maker’s stock worth $38,782,000 after purchasing an additional 540,181 shares during the period. Elk Creek Partners LLC boosted its stake in Synchronoss Technologies by 11.7% during the 2nd quarter. Elk Creek Partners LLC now owns 2,339,095 shares of the software maker’s stock worth $38,478,000 after purchasing an additional 245,056 shares during the period. Finally, State Street Corp boosted its stake in Synchronoss Technologies by 8.1% during the 2nd quarter. State Street Corp now owns 1,054,586 shares of the software maker’s stock worth $17,346,000 after purchasing an additional 78,729 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Synchronoss Technologies (NASDAQ:SNCR) traded down 1.04% on Wednesday, hitting $11.39. 1,815,505 shares of the company’s stock were exchanged. Synchronoss Technologies has a 12-month low of $8.71 and a 12-month high of $49.94. The company has a market cap of $500.97 million, a PE ratio of 25.31 and a beta of 1.61. The company’s 50-day moving average price is $13.01 and its 200-day moving average price is $15.61.

About Synchronoss Technologies

Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.

Analyst Recommendations for Synchronoss Technologies (NASDAQ:SNCR)

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