AWM Investment Company Inc. Has $4.91 Million Stock Holdings in Synchronoss Technologies, Inc. $SNCR

Key Points

• AWM Investment Company Inc. reduced its stake in Synchronoss Technologies by 12.6% in Q1, holding approximately 450,608 shares valued at $4.91 million.
• The stock of Synchronoss Technologies is currently trading at $5.79, with a 52-week low of $5.78 and a high of $15.46.
• Recent analyst ratings for Synchronoss include downgrades from Zacks Research and Wall Street Zen, reflecting concerns about the company's financial performance and outlook.

AWM Investment Company Inc. decreased its position in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 450,608 shares of the software maker's stock after selling 65,042 shares during the quarter. AWM Investment Company Inc. owned about 3.92% of Synchronoss Technologies worth $4,907,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Occudo Quantitative Strategies LP bought a new position in Synchronoss Technologies during the 4th quarter worth approximately $98,000. Barclays PLC increased its stake in shares of Synchronoss Technologies by 156.8% in the 4th quarter. Barclays PLC now owns 14,726 shares of the software maker's stock valued at $141,000 after acquiring an additional 8,992 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Synchronoss Technologies in the 4th quarter valued at $163,000. Mackenzie Financial Corp bought a new stake in shares of Synchronoss Technologies in the 4th quarter valued at $295,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Synchronoss Technologies in the 4th quarter valued at $404,000. Institutional investors own 51.71% of the company's stock.

Synchronoss Technologies Trading Down 3.8%

Shares of Synchronoss Technologies stock opened at $5.79 on Wednesday. Synchronoss Technologies, Inc. has a 52-week low of $5.78 and a 52-week high of $15.46. The stock's 50-day simple moving average is $7.08 and its 200 day simple moving average is $8.34. The stock has a market capitalization of $66.59 million, a P/E ratio of -2.77 and a beta of 1.65. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.72 and a current ratio of 1.72.

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The software maker reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.15). Synchronoss Technologies had a negative net margin of 12.36% and a negative return on equity of 3.77%. The firm had revenue of $42.49 million during the quarter, compared to the consensus estimate of $42.79 million. Synchronoss Technologies has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Synchronoss Technologies, Inc. will post 0.1 EPS for the current year.

Analyst Upgrades and Downgrades

SNCR has been the subject of several research analyst reports. Zacks Research lowered shares of Synchronoss Technologies from a "hold" rating to a "strong sell" rating in a research note on Monday, August 25th. Wall Street Zen lowered shares of Synchronoss Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Synchronoss Technologies has an average rating of "Moderate Buy" and a consensus target price of $13.00.

Insider Buying and Selling at Synchronoss Technologies

In other news, CEO Jeffrey George Miller sold 7,913 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $7.06, for a total transaction of $55,865.78. Following the sale, the chief executive officer directly owned 429,647 shares in the company, valued at $3,033,307.82. This represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 19.90% of the stock is currently owned by corporate insiders.

About Synchronoss Technologies

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.

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