Can analysts adopt a bullish outlook for Synchronoss Technologies, Inc. (NASDAQ:SNCR)?

June 20, 2017 - By Michael Collier

 Can analysts adopt a bullish outlook for Synchronoss Technologies, Inc. (NASDAQ:SNCR)?
Investors sentiment increased to 1.45 in Q4 2016. Its up 0.12, from 1.33 in 2016Q3. It improved, as 23 investors sold Synchronoss Technologies, Inc. shares while 63 reduced holdings. 40 funds opened positions while 85 raised stakes. 37.09 million shares or 1.50% more from 36.54 million shares in 2016Q3 were reported.
Us National Bank & Trust De owns 11,532 shares. Glenmede Trust Na holds 0% or 10,265 shares in its portfolio. United Automobile Association reported 89,900 shares. Louisiana State Employees Retirement Sys reported 16,900 shares stake. Moreover, Strs Ohio has 0.02% invested in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Oppenheimer And invested 0.01% of its portfolio in Synchronoss Technologies, Inc. (NASDAQ:SNCR). 74,630 were reported by Hutchin Hill Cap Lp. 9,209 were accumulated by Mason Street Advisors Limited Liability. Torray Ltd Liability Co reported 21,091 shares. State Of Tennessee Treasury Department holds 0.01% of its portfolio in Synchronoss Technologies, Inc. (NASDAQ:SNCR) for 33,417 shares. Segall Bryant Hamill holds 0.11% in Synchronoss Technologies, Inc. (NASDAQ:SNCR) or 118,045 shares. Panagora Asset Mgmt holds 72,897 shares or 0.01% of its portfolio. Etrade Capital Mngmt Ltd Liability holds 0.04% of its portfolio in Synchronoss Technologies, Inc. (NASDAQ:SNCR) for 20,646 shares. Saturna Capital Corporation holds 0.02% of its portfolio in Synchronoss Technologies, Inc. (NASDAQ:SNCR) for 15,000 shares. Cibc Ww stated it has 0% of its portfolio in Synchronoss Technologies, Inc. (NASDAQ:SNCR).

Since December 28, 2016, it had 1 insider purchase, and 30 insider sales for $15.75 million activity. $103,893 worth of Synchronoss Technologies, Inc. (NASDAQ:SNCR) shares were sold by Rosenberger Karen. 10,280 Synchronoss Technologies, Inc. (NASDAQ:SNCR) shares with value of $346,744 were sold by Garcia Robert. On Tuesday, February 21 the insider Prague Ronald sold $56,369. The insider Waldis Stephen G sold $466,985. CADOGAN WILLIAM J sold $771,200 worth of stock or 20,000 shares. Schuette David sold $2,975 worth of stock or 115 shares. 5,500 Synchronoss Technologies, Inc. (NASDAQ:SNCR) shares with value of $210,045 were sold by Moore Donnie.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) Ratings Coverage

Among 6 analysts covering Synchronoss Technologies Inc. (NASDAQ:SNCR), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. Synchronoss Technologies Inc. had 10 analyst reports since July 31, 2015 according to SRatingsIntel. As per Wednesday, August 10, the company rating was initiated by Stephens. Stifel Nicolaus downgraded the shares of SNCR in report on Thursday, February 4 to “Hold” rating. The stock of Synchronoss Technologies, Inc. (NASDAQ:SNCR) has “Buy” rating given on Wednesday, June 1 by Drexel Hamilton. The rating was downgraded by Credit Suisse to “Underperform” on Monday, May 22. The stock of Synchronoss Technologies, Inc. (NASDAQ:SNCR) earned “Overweight” rating by JP Morgan on Wednesday, January 25. On Thursday, October 29 the stock rating was upgraded by Raymond James to “Strong Buy”. Below is a list of Synchronoss Technologies, Inc. (NASDAQ:SNCR) latest ratings and price target changes.

22/05/2017 Broker: Credit Suisse Old Rating: Neutral New Rating: Underperform Downgrade
25/01/2017 Broker: JP Morgan Rating: Overweight New Target: $65 Initiate

It closed at $10.74 lastly. It is down 60.71% since June 20, 2016 and is downtrending. It has underperformed by 77.41% the S&P500.

Synchronoss Technologies, Inc. is a global software and services company, which provides technologies and services for the mobile transformation of business. The company has market cap of $494.82 million. 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. It currently has negative earnings. The Company’s products and platforms are designed to enable multiple converged communication services to be managed across a range of distribution channels, including e-commerce, m-commerce, telesales, customer stores, indirect and other retail outlets.

More notable recent Synchronoss Technologies, Inc. (NASDAQ:SNCR) news were published by: Globenewswire.com which released: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Synchronoss …” on May 22, 2017, also Fool.com with their article: “Why Synchronoss Technologies, Inc. Stock Fell 20% in May” published on June 06, 2017, Globenewswire.com published: “SNCR LOSS NOTICE: Rosen Law Firm Reminds Synchronoss Technologies, Inc …” on May 26, 2017. More interesting news about Synchronoss Technologies, Inc. (NASDAQ:SNCR) were released by: Businesswire.com and their article: “Synchronoss Technologies, Inc. Receives Nasdaq Letter” published on May 22, 2017 as well as Prnewswire.com‘s news article titled: “SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on …” with publication date: June 16, 2017.

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