Synacor (SYNC) Gets a Hold Rating from Needham

By Ryan Adsit

In a report released today, Laura Martin from Needham maintained a Hold rating on Synacor (SYNCResearch Report). The company’s shares closed last Monday at $1.51.

According to TipRanks.com, Martin is a top 100 analyst with an average return of 20.7% and a 64.4% success rate. Martin covers the Services sector, focusing on stocks such as World Wrestling, Walt Disney, and Discovery.

The word on The Street in general, suggests a Hold analyst consensus rating for Synacor.

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Based on Synacor’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.49 million. In comparison, last year the company had a GAAP net loss of $2.22 million.

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Synacor, Inc. engages in the development of technology based services. It enables customers to use technology platforms and services to scale businesses and extend subscriber relationships. The firm operates through the Unites States and International geographical segments.