RBF Capital LLC Invests $431,000 in Snap Inc. (NYSE:SNAP)

RBF Capital LLC acquired a new position in Snap Inc. (NYSE:SNAP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 40,000 shares of the company's stock, valued at approximately $431,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SNAP. Mountain Hill Investment Partners Corp. purchased a new position in Snap in the 4th quarter valued at approximately $27,000. Comprehensive Financial Planning Inc. PA purchased a new stake in Snap during the 4th quarter worth about $32,000. Osterweis Capital Management Inc. bought a new position in Snap in the 4th quarter worth about $43,000. Blue Trust Inc. grew its holdings in Snap by 128.0% during the 4th quarter. Blue Trust Inc. now owns 4,370 shares of the company's stock valued at $47,000 after buying an additional 2,453 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new stake in shares of Snap in the fourth quarter worth about $54,000. 47.52% of the stock is owned by institutional investors.

Snap Trading Up 2.3 %

SNAP stock traded up $0.19 on Friday, reaching $8.52. The company's stock had a trading volume of 32,795,993 shares, compared to its average volume of 27,362,561. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95. The business has a fifty day simple moving average of $8.90 and a two-hundred day simple moving average of $10.48. The firm has a market cap of $14.45 billion, a PE ratio of -20.29 and a beta of 0.92. Snap Inc. has a 12-month low of $7.08 and a 12-month high of $17.33.

Snap (NYSE:SNAP - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.13). Snap had a negative net margin of 13.02% and a negative return on equity of 25.67%. As a group, research analysts forecast that Snap Inc. will post -0.3 EPS for the current year.

Insider Activity at Snap

In related news, CTO Robert C. Murphy sold 1,000,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $9.04, for a total value of $9,040,000.00. Following the sale, the chief technology officer now owns 55,818,548 shares in the company, valued at $504,599,673.92. This represents a 1.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Rebecca Morrow sold 8,837 shares of Snap stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total value of $95,793.08. Following the transaction, the chief accounting officer now owns 429,892 shares of the company's stock, valued at $4,660,029.28. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,356,523 shares of company stock worth $12,710,077 over the last ninety days. 22.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on SNAP shares. Stifel Nicolaus lowered their target price on shares of Snap from $11.00 to $8.00 and set a "hold" rating on the stock in a research note on Wednesday. Citizens Jmp raised Snap from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Wells Fargo & Company lowered their price target on Snap from $11.00 to $9.00 and set an "equal weight" rating on the stock in a report on Monday, March 31st. Barclays reaffirmed an "overweight" rating on shares of Snap in a research note on Wednesday, February 5th. Finally, Canaccord Genuity Group cut their price target on shares of Snap from $13.00 to $10.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, twenty-four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Snap has an average rating of "Hold" and an average target price of $35.49.

Snap Profile

Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.