Synchronoss Technologies (SNCR) Expected to Announce Quarterly Earnings on Monday

Key Points

• Synchronoss Technologies is set to release its Q2 2025 earnings on August 5th, with analysts predicting earnings of $0.25 per share and revenue of $42.79 million.
• The company's stock opened at $8.22, down by 2.7%, with a market cap of approximately $94.51 million and notable insider stock trades occurring recently.
• Goldman Sachs has significantly increased its stake in Synchronoss Technologies by 212.3%, indicating growing institutional interest in the company.

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) is expected to be announcing its Q2 2025 earnings results after the market closes on Monday, August 11th. Analysts expect the company to announce earnings of $0.25 per share and revenue of $42.79 million for the quarter.

Synchronoss Technologies Trading Down 2.0%

Shares of Synchronoss Technologies stock traded down $0.15 during midday trading on Friday, reaching $7.17. 104,976 shares of the company's stock traded hands, compared to its average volume of 90,143. The company has a debt-to-equity ratio of 5.23, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market cap of $82.46 million, a PE ratio of -34.14 and a beta of 1.77. The stock has a 50 day moving average of $7.11 and a 200-day moving average of $8.85. Synchronoss Technologies has a 12 month low of $6.00 and a 12 month high of $15.46.

Insider Buying and Selling

In related news, Director Laurie Harris sold 4,800 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $7.00, for a total value of $33,600.00. Following the sale, the director directly owned 47,632 shares of the company's stock, valued at $333,424. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey George Miller sold 8,004 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $6.99, for a total value of $55,947.96. Following the completion of the transaction, the chief executive officer owned 437,560 shares of the company's stock, valued at approximately $3,058,544.40. This trade represents a 1.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,074 shares of company stock valued at $226,417. 19.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Synchronoss Technologies

A hedge fund recently raised its stake in Synchronoss Technologies stock. Goldman Sachs Group Inc. boosted its position in Synchronoss Technologies, Inc. (NASDAQ:SNCR - Free Report) by 212.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,600 shares of the software maker's stock after purchasing an additional 22,160 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.28% of Synchronoss Technologies worth $355,000 at the end of the most recent quarter. 51.71% of the stock is owned by institutional investors and hedge funds.

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.