Synchronoss Technologies (NASDAQ:SNCR) Stock Price Passes Above Two Hundred Day Moving Average of $7.05

Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.05 and traded as high as $10.21. Synchronoss Technologies shares last traded at $9.40, with a volume of 30,339 shares.

Synchronoss Technologies Stock Down 5.2 %

The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 5.70. The firm has a market cap of $101.43 million, a price-to-earnings ratio of -1.87 and a beta of 1.73. The firm has a fifty day moving average price of $8.03 and a 200-day moving average price of $7.07.

Synchronoss Technologies (NASDAQ:SNCR) last issued its earnings results on Tuesday, March 12th. The software maker reported ($0.90) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.71). The firm had revenue of $41.40 million during the quarter, compared to analysts’ expectations of $43.76 million. Synchronoss Technologies had a positive return on equity of 10.93% and a negative net margin of 19.60%. As a group, sell-side analysts forecast that Synchronoss Technologies, Inc. will post 0.15 EPS for the current year.

Insider Buying and Selling

In related news, Director Laurie Harris sold 4,809 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $6.45, for a total value of $31,018.05. Following the transaction, the director now directly owns 42,319 shares of the company’s stock, valued at approximately $272,957.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Laurie Harris sold 4,809 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $6.45, for a total value of $31,018.05. Following the transaction, the director now directly owns 42,319 shares of the company’s stock, valued at approximately $272,957.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick Joseph Doran sold 2,750 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $9.33, for a total value of $25,657.50. Following the completion of the transaction, the executive vice president now directly owns 69,308 shares in the company, valued at $646,643.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,024 shares of company stock valued at $114,351. 6.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bouvel Investment Partners LLC raised its position in Synchronoss Technologies by 3.4% in the first quarter. Bouvel Investment Partners LLC now owns 76,847 shares of the software maker’s stock valued at $642,000 after purchasing an additional 2,518 shares during the period. First Personal Financial Services purchased a new position in Synchronoss Technologies in the fourth quarter valued at about $25,000. Victory Capital Management Inc. purchased a new position in Synchronoss Technologies in the fourth quarter valued at about $89,000. Finally, AWM Investment Company Inc. raised its position in Synchronoss Technologies by 8.5% in the first quarter. AWM Investment Company Inc. now owns 531,110 shares of the software maker’s stock valued at $4,435,000 after purchasing an additional 41,824 shares during the period. 51.71% of the stock is owned by hedge funds and other institutional investors.

Synchronoss Technologies Company Profile

Synchronoss Technologies, Inc provides cloud, messaging, digital, and network management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content.