Intellisync Corp (NASDAQ:SYNC) Move as Institutional Investors’ Sentiment Falls

July 14, 2018 - By Darrell Taylor

Synacor, Inc. (NASDAQ:SYNC) Logo

Sentiment for Intellisync Corp (NASDAQ:SYNC)

Intellisync Corp (NASDAQ:SYNC) institutional sentiment decreased to 1 in Q1 2018. Its down -0.13, from 1.13 in 2017Q4. The ratio worsened, as 16 investment professionals increased and started new holdings, while 16 cut down and sold their stock positions in Intellisync Corp. The investment professionals in our partner’s database now have: 10.33 million shares, down from 11.76 million shares in 2017Q4. Also, the number of investment professionals holding Intellisync Corp in their top 10 holdings increased from 0 to 1 for an increase of 1. Sold All: 8 Reduced: 8 Increased: 11 New Position: 5.

Synacor, Inc. operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers, governments, and enterprises. The company has market cap of $77.59 million. It enables its clients to provide their clients engaging, multiscreen experiences with products that require scale, and actionable data and implementation. It currently has negative earnings. The company, through its managed portals and advertising solutions, enables its clients to earn revenue by monetizing media among their consumers.

It closed at $2 lastly. It is down 42.03% since July 14, 2017 and is downtrending. It has underperformed by 54.60% the S&P500.

Intel Corp holds 0.23% of its portfolio in Synacor, Inc. for 866,884 shares. Ariel Investments Llc owns 4.05 million shares or 0.07% of their US portfolio. Moreover, Northpointe Capital Llc has 0.05% invested in the company for 255,534 shares. The Us-based Ancora Advisors Llc has invested 0.03% in the stock. Alyeska Investment Group L.P., a Illinois-based fund reported 890,536 shares.

Synacor, Inc. (NASDAQ:SYNC) Ratings Coverage

Ratings analysis reveals 50% of Synacor’s analysts are positive. Out of 2 Wall Street analysts rating Synacor, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. SYNC was included in 2 notes of analysts from March 16, 2018. On Thursday, May 10 the stock rating was maintained by Rosenblatt with “Buy”. Canaccord Genuity downgraded the stock to “Hold” rating in Friday, March 16 report.

More recent Synacor, Inc. (NASDAQ:SYNC) news were published by: Businesswire.com which released: “Haeggquist & Eck, LLP is Investigating Claims Against Synacor, Inc.’s Directors and Officers for Breach of Fiduciary Duty” on July 09, 2018. Also Businesswire.com published the news titled: “Scott+Scott Attorneys at Law LLP Investigating Derivative Claims on Behalf of Shareholders of Synacor, Inc. – SYNC” on June 27, 2018. Streetinsider.com‘s news article titled: “Synacor (SYNC) Could Benefit as AT&T Pivots Toward Ads – Needham & Company” with publication date: June 21, 2018 was also an interesting one.

Synacor, Inc. (NASDAQ:SYNC) Institutional Positions Chart

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