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Rosenblatt Remains Bullish on Synacor (SYNC) Seeing Small Cap Value Opportunity

July 17, 2015 10:22 AM EDT
Get Alerts SYNC Hot Sheet
Price: $2.19 --0%

Rating Summary:
    2 Buy, 9 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Rosenblatt reiterated a Buy rating and $2.95 price target Synacor (NASDAQ: SYNC) seeing a small cap opportunity. Analyst Kirk Adams said that this is a great opportunity for small cap value investors to own Synacor.

Adams commented, "Synacor’s stock price has seen a dramatic decline since the end of April and we see a great opportunity for small cap value investors to own Synacor at these levels. They have restructured and focused the business over the past ten months and also have purchased and partnered with quite a few companies to help lead them into the future. They expect 2Q revenues to be in the range of $24M-$25.5M and adjusted EBITDA in the range of $0.2M-$1.2M. We are estimating $25M in revenues and $0.95M in adjusted EBITA for Q2. Now that their proxy fight is behind them, management’s entire focus will be on the business, which should bring higher dividends going forward. Our price target is $2.95, which is based on 79% price to sales on 2015 revenue of $102M."

For an analyst ratings summary and ratings history on Synacor click here. For more ratings news on Synacor click here.

Shares of Synacor closed at $1.76 yesterday.



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