Synergy CHC (NASDAQ:SNYR) Posts Earnings Results

Synergy CHC (NASDAQ:SNYR) announced its earnings results on Thursday. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26), FiscalAI reports. Synergy CHC had a negative net margin of 60.02% and a negative return on equity of 19.51%. The business had revenue of $5.49 million for the quarter.

Synergy CHC Stock Performance

Shares of NASDAQ:SNYR traded up $0.01 during trading on Friday, reaching $0.29. 566,512 shares of the stock traded hands, compared to its average volume of 936,873. The stock has a 50-day moving average of $0.78 and a two-hundred day moving average of $1.49. Synergy CHC has a 52-week low of $0.27 and a 52-week high of $4.00. The stock has a market cap of $4.27 million, a P/E ratio of -0.20 and a beta of -0.26.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SNYR shares. Weiss Ratings downgraded shares of Synergy CHC from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Friday, April 10th. Ascendiant Capital Markets increased their price target on shares of Synergy CHC from $5.00 to $5.50 and gave the company a “buy” rating in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.25.

Institutional Investors Weigh In On Synergy CHC

A number of institutional investors have recently made changes to their positions in the company. Heartland Advisors Inc. purchased a new stake in Synergy CHC in the third quarter worth approximately $1,342,000. Warberg Asset Management LLC purchased a new stake in Synergy CHC in the third quarter worth approximately $82,000. XTX Topco Ltd purchased a new stake in Synergy CHC in the second quarter worth approximately $57,000. DRW Securities LLC purchased a new stake in Synergy CHC in the fourth quarter worth approximately $36,000. Finally, Virtu Financial LLC purchased a new stake in Synergy CHC in the third quarter worth approximately $38,000.

About Synergy CHC

Synergy CHC Corp. engages in the marketing and distribution of branded health and wellness products. The company was founded on December 29, 2010 and is headquartered in Westbrook, ME.