Northland Capmk Brokers Lower Earnings Estimates for SNCR

Synchronoss Technologies, Inc. (NASDAQ:SNCR) – Equities research analysts at Northland Capmk decreased their Q1 2025 earnings estimates for Synchronoss Technologies in a research note issued on Wednesday, March 12th. Northland Capmk analyst M. Latimore now forecasts that the software maker will post earnings per share of $0.25 for the quarter, down from their previous estimate of $0.31. The consensus estimate for Synchronoss Technologies’ current full-year earnings is $0.10 per share. Northland Capmk also issued estimates for Synchronoss Technologies’ Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.54 EPS.

Synchronoss Technologies (NASDAQ:SNCR) last issued its earnings results on Tuesday, March 11th. The software maker reported $0.85 EPS for the quarter, topping the consensus estimate of $0.10 by $0.75. Synchronoss Technologies had a negative net margin of 20.00% and a negative return on equity of 10.99%. The company had revenue of $44.21 million for the quarter, compared to the consensus estimate of $43.76 million.

SNCR has been the topic of several other reports. Roth Capital raised shares of Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 25th. StockNews.com raised shares of Synchronoss Technologies from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Finally, Roth Mkm raised shares of Synchronoss Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $11.00 to $13.00 in a research note on Monday, November 25th.

Synchronoss Technologies Stock Up 0.7 %

Shares of NASDAQ SNCR opened at $12.31 on Monday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 5.75. Synchronoss Technologies has a 52 week low of $6.02 and a 52 week high of $15.46. The firm’s fifty day moving average is $9.60 and its 200 day moving average is $10.63. The company has a market cap of $141.45 million, a price-to-earnings ratio of -3.17 and a beta of 2.05.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp purchased a new position in Synchronoss Technologies during the 4th quarter valued at $295,000. Two Sigma Advisers LP bought a new stake in shares of Synchronoss Technologies during the 4th quarter valued at $404,000. Two Sigma Investments LP boosted its holdings in shares of Synchronoss Technologies by 140.8% during the 4th quarter. Two Sigma Investments LP now owns 67,141 shares of the software maker’s stock valued at $645,000 after buying an additional 39,256 shares in the last quarter. Man Group plc boosted its holdings in shares of Synchronoss Technologies by 131.0% during the 4th quarter. Man Group plc now owns 122,667 shares of the software maker’s stock valued at $1,178,000 after buying an additional 69,569 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Synchronoss Technologies during the 4th quarter valued at $98,000. 51.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Synchronoss Technologies

In other Synchronoss Technologies news, CEO Jeffrey George Miller sold 17,389 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $10.34, for a total transaction of $179,802.26. Following the transaction, the chief executive officer now directly owns 336,232 shares of the company’s stock, valued at approximately $3,476,638.88. The trade was a 4.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.90% of the company’s stock.

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.