Ademi Firm Investigates Synchronoss for $9 Per Share Deal with Lumine Group
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 51 minutes ago0mins
- Transaction Investigation: The Ademi Firm is investigating Synchronoss for potential breaches of fiduciary duty related to its transaction with Lumine Group, where shareholders are set to receive $9 per share, indicating a total enterprise value of approximately $258.4 million, highlighting potential risks and misconduct in the deal.
- Shareholder Rights Concerns: The transaction agreement imposes significant penalties on Synchronoss for accepting competing bids, which may harm shareholder interests and reflects potential failures of the board in fulfilling their fiduciary duties to all shareholders.
- Insider Benefits Issue: Synchronoss insiders are set to receive substantial benefits as part of the change of control arrangements, raising questions about the transparency and fairness of board decisions, which could undermine investor confidence in corporate governance.
- Potential Legal Action: The Ademi Firm specializes in shareholder litigation involving buyouts and mergers, indicating that this transaction may lead to legal challenges, further impacting Synchronoss's market performance and shareholder trust.
SNCR.O
$0.0000%Past 6 months
Line
|
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
No Data
Powered By
Intellectia
Analyst Views on SNCR
Wall Street analysts forecast SNCR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNCR is 11.50 USD with a low forecast of 10.00 USD and a high forecast of 13.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 5.300
Low
10.00
Averages
11.50
High
13.00
Current: 5.300
Low
10.00
Averages
11.50
High
13.00
Roth Capital
Richard Baldry
Buy
downgrade
$13 -> $10
2025-11-06
Reason
Roth Capital
Richard Baldry
Price Target
$13 -> $10
2025-11-06
downgrade
Buy
Reason
Roth Capital analyst Richard Baldry lowered the firm's price target on Synchronoss to $10 from $13 and keeps a Buy rating on the shares. The company's streamlined operations and elevated EBITDA levels of 2024 have been largely defended in 2025, with Q3 EBITDA of $12.0M only marginally below the $12.7M average of the prior six quarters, the analyst tells investors in a research note.
Roth Capital
Buy
downgrade
$13 -> $10
2025-11-05
Reason
Roth Capital
Price Target
$13 -> $10
2025-11-05
downgrade
Buy
Reason
Roth Capital lowered the firm's price target on Synchronoss to $10 from $13 and keeps a Buy rating on the shares. Q3 revenues of $42.0M were modestly below the firm's $43.0M forecast, while Q3 AEBITDA of $12.0M was "only marginally below" the $12.7M average of the prior six quarters, notes the analyst, who cites "still challenged growth" for the firm's lowered price target.
See All Ratings
About SNCR
Synchronoss Technologies Inc. is a global provider of personal cloud solutions, empowers service providers to establish secure connections with their subscribers. The Company’s white-label cloud software and services enable its customers to keep subscribers, systems, networks, and content in sync. Its software-as-a-service (SaaS) cloud platform simplifies onboarding processes and fosters subscriber engagement, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. The Company’s Synchronoss Personal Cloud platform is a secure and highly scalable white label platform that allows its customers’ subscribers to back up and protect, engage with, and manage their personal content and gives its operator customers the ability to increase average revenue per user (ARPU) and reduce churn. The Synchronoss Personal Cloud platform is designed to support smartphones, tablets, and desktops across all operating systems.
About the author
Preview
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sigh Up to Get Intellectia Insights
How did the company's recent strategic decisions impact its latest financial performance?
Can you explain the factors behind the recent changes in the company's stock price?
What are the expected impacts of current market trends on the company's future growth?
Based on the latest earnings report, what are the company's forecasted revenues for the next quarter?