Synchronoss Technologies (NASDAQ:SNCR) Earning Somewhat Positive News Coverage, Report Shows

News headlines about Synchronoss Technologies (NASDAQ:SNCR) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Synchronoss Technologies earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 44.3520006062495 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Shares of NASDAQ SNCR traded down $0.05 during trading on Friday, hitting $6.07. The company had a trading volume of 697,159 shares, compared to its average volume of 1,276,586. Synchronoss Technologies has a 12 month low of $5.80 and a 12 month high of $17.40.

SNCR has been the subject of several recent research reports. Zacks Investment Research upgraded Synchronoss Technologies from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, April 11th. BidaskClub raised Synchronoss Technologies from a “strong sell” rating to a “sell” rating in a research note on Friday, April 13th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Synchronoss Technologies presently has a consensus rating of “Hold” and a consensus target price of $11.00.

In other news, Chairman Stephen G. Waldis sold 30,316 shares of Synchronoss Technologies stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $8.78, for a total value of $266,174.48. Following the completion of the transaction, the chairman now owns 542,770 shares in the company, valued at approximately $4,765,520.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert Garcia sold 27,116 shares of Synchronoss Technologies stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $8.94, for a total value of $242,417.04. Following the completion of the transaction, the insider now owns 173,980 shares of the company’s stock, valued at approximately $1,555,381.20. The disclosure for this sale can be found here. Insiders have sold 98,105 shares of company stock valued at $870,828 in the last quarter. 10.50% of the stock is currently owned by company insiders.

Synchronoss Technologies Company Profile

Synchronoss Technologies, Inc provides cloud solutions and software-based activation for connected devices worldwide. The company's products and services include cloud-based 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 customers to accelerate and monetize value-add services for secure and broadband networks and connected devices.

Insider Buying and Selling by Quarter for Synchronoss Technologies (NASDAQ:SNCR)

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