Northland Capmk Issues Negative Outlook for SNCR Earnings

Synchronoss Technologies, Inc. (NASDAQ:SNCR) – Research analysts at Northland Capmk cut their Q1 2025 earnings estimates for shares of Synchronoss Technologies in a note issued to investors on Wednesday, March 12th. Northland Capmk analyst M. Latimore now expects that the software maker will earn $0.25 per share for the quarter, down from their prior 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.

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

Synchronoss Technologies Stock Up 6.5 %

SNCR opened at $10.89 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. The stock has a market cap of $125.14 million, a price-to-earnings ratio of -2.81 and a beta of 2.05. Synchronoss Technologies has a twelve month low of $6.02 and a twelve month high of $15.46. The company’s 50-day moving average price is $9.47 and its two-hundred day moving average price is $10.66.

Synchronoss Technologies (NASDAQ:SNCR) last issued its quarterly earnings data on Tuesday, March 11th. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $44.21 million during the quarter, compared to the consensus estimate of $43.76 million.

Insider Activity at Synchronoss Technologies

In related news, CEO Jeffrey George Miller sold 17,389 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 336,232 shares in the company, valued at approximately $3,476,638.88. This represents a 4.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 17.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Synchronoss Technologies

A number of institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Synchronoss Technologies by 2.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 574,999 shares of the software maker’s stock valued at $5,468,000 after buying an additional 11,023 shares in the last quarter. Man Group plc lifted its stake in Synchronoss Technologies by 131.0% in the 4th quarter. Man Group plc now owns 122,667 shares of the software maker’s stock worth $1,178,000 after purchasing an additional 69,569 shares in the last quarter. Geode Capital Management LLC lifted its stake in Synchronoss Technologies by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 106,408 shares of the software maker’s stock worth $1,022,000 after purchasing an additional 1,851 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Synchronoss Technologies by 9.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 80,633 shares of the software maker’s stock worth $774,000 after purchasing an additional 7,171 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Synchronoss Technologies by 55.3% in the 4th quarter. Marshall Wace LLP now owns 80,166 shares of the software maker’s stock worth $770,000 after purchasing an additional 28,551 shares in the last quarter. 51.71% of the stock is currently owned by hedge funds and other institutional investors.

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.