Northland Capmk Issues Negative Forecast for SNCR Earnings

Synchronoss Technologies, Inc. (NASDAQ:SNCR) – Stock analysts at Northland Capmk decreased their Q1 2025 earnings estimates for Synchronoss Technologies in a research report issued to clients and investors on Wednesday, March 12th. Northland Capmk analyst M. Latimore now anticipates 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 released its quarterly earnings results on Tuesday, March 11th. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.75. The firm had revenue of $44.21 million during the quarter, compared to the consensus estimate of $43.76 million. Synchronoss Technologies had a negative net margin of 20.00% and a negative return on equity of 10.99%.

A number of other brokerages also recently weighed in on SNCR. StockNews.com raised shares of Synchronoss Technologies from a “hold” rating to a “buy” rating in a research note on Friday. 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. Finally, Roth Capital raised shares of Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 25th.

Synchronoss Technologies Price Performance

Shares of NASDAQ SNCR opened at $10.89 on Monday. Synchronoss Technologies has a twelve month low of $6.02 and a twelve month high of $15.46. The firm has a fifty day simple moving average of $9.47 and a 200 day simple moving average of $10.66. The company has a market capitalization of $125.14 million, a PE ratio of -2.81 and a beta of 2.05. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 5.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Synchronoss Technologies by 54,341.7% during the third quarter. JPMorgan Chase & Co. now owns 58,797 shares of the software maker’s stock worth $875,000 after acquiring an additional 58,689 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Synchronoss Technologies by 4.1% during the third quarter. Geode Capital Management LLC now owns 104,557 shares of the software maker’s stock worth $1,557,000 after acquiring an additional 4,159 shares in the last quarter. Barclays PLC increased its position in shares of Synchronoss Technologies by 603.6% during the third quarter. Barclays PLC now owns 5,734 shares of the software maker’s stock worth $85,000 after acquiring an additional 4,919 shares in the last quarter. State Street Corp increased its position in shares of Synchronoss Technologies by 12.9% during the third quarter. State Street Corp now owns 35,075 shares of the software maker’s stock worth $522,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Synchronoss Technologies by 2.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 574,999 shares of the software maker’s stock worth $5,468,000 after acquiring an additional 11,023 shares in the last quarter. 51.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Synchronoss Technologies news, CEO Jeffrey George Miller sold 17,389 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $10.34, for a total value of $179,802.26. Following the completion of the sale, the chief executive officer now directly owns 336,232 shares in the company, valued at approximately $3,476,638.88. This trade represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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.