Bryce Point Capital LLC Purchases Shares of 53,544 Snap Inc. (NYSE:SNAP)

Bryce Point Capital LLC bought a new stake in Snap Inc. (NYSE:SNAP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,544 shares of the company's stock, valued at approximately $577,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Trexquant Investment LP increased its stake in shares of Snap by 90.6% during the 4th quarter. Trexquant Investment LP now owns 1,164,286 shares of the company's stock worth $12,539,000 after purchasing an additional 553,504 shares during the last quarter. Geode Capital Management LLC increased its position in Snap by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 11,831,472 shares of the company's stock worth $127,078,000 after buying an additional 134,017 shares during the last quarter. National Bank of Canada FI raised its holdings in Snap by 32.2% during the fourth quarter. National Bank of Canada FI now owns 20,302 shares of the company's stock valued at $219,000 after buying an additional 4,944 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Snap during the fourth quarter valued at about $21,639,000. Finally, Allstate Corp acquired a new stake in shares of Snap in the fourth quarter worth about $334,000. Hedge funds and other institutional investors own 47.52% of the company's stock.

Snap Price Performance

Shares of Snap stock traded up $0.04 during midday trading on Friday, reaching $8.06. The company had a trading volume of 48,608,525 shares, compared to its average volume of 27,596,459. The stock has a fifty day simple moving average of $9.95 and a 200 day simple moving average of $10.77. Snap Inc. has a 1-year low of $7.66 and a 1-year high of $17.33. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of -19.18 and a beta of 0.92.

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Snap (NYSE:SNAP - Get Free Report) last released 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 return on equity of 25.67% and a negative net margin of 13.02%. As a group, equities research analysts forecast that Snap Inc. will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SNAP has been the topic of several recent analyst reports. Barclays reaffirmed an "overweight" rating on shares of Snap in a research report on Wednesday, February 5th. Susquehanna increased their price target on shares of Snap from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. BMO Capital Markets restated an "outperform" rating and set a $16.00 price objective (down previously from $18.00) on shares of Snap in a report on Wednesday, January 15th. Citigroup increased their target price on shares of Snap from $13.00 to $13.50 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Finally, Citizens Jmp upgraded Snap from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, twenty-four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $36.80.

Insider Buying and Selling at Snap

In other news, 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 transaction of $95,793.08. Following the transaction, the chief accounting officer now directly owns 429,892 shares of the company's stock, valued at $4,660,029.28. This trade represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Michael J. O'sullivan sold 24,000 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $8.60, for a total value of $206,400.00. Following the sale, the general counsel now directly owns 507,660 shares in the company, valued at $4,365,876. The trade was a 4.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,356,523 shares of company stock valued at $12,710,077. 22.68% of the stock is currently owned by insiders.

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.