Shares of Snap Inc. (NYSE:SNAP - Get Free Report) have been assigned a consensus recommendation of "Hold" from the thirty-three research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $36.87.
SNAP has been the topic of a number of research analyst reports. Bank of America boosted their target price on Snap from $14.00 to $14.50 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Guggenheim cut Snap from a "buy" rating to a "neutral" rating in a research report on Tuesday, February 11th. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 target price on shares of Snap in a research report on Monday, January 27th. Susquehanna lifted their price objective on shares of Snap from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Finally, Barclays restated an "overweight" rating on shares of Snap in a research note on Wednesday, February 5th.
View Our Latest Report on Snap
Snap Stock Up 1.1 %
NYSE:SNAP traded up $0.10 during trading hours on Monday, hitting $9.33. 37,520,056 shares of the company traded hands, compared to its average volume of 25,541,777. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.47. The company has a market cap of $15.83 billion, a PE ratio of -22.22 and a beta of 0.92. The firm's 50-day simple moving average is $10.38 and its 200-day simple moving average is $10.79. Snap has a one year low of $8.29 and a one year high of $17.33.
Snap (NYSE:SNAP - Get Free Report) last released its quarterly 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%. Equities analysts predict that Snap will post -0.3 earnings per share for the current year.
Insiders Place Their Bets
In related news, CFO Derek Andersen sold 33,618 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $8.83, for a total value of $296,846.94. Following the completion of the transaction, the chief financial officer now directly owns 3,507,897 shares in the company, valued at approximately $30,974,730.51. The trade was a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Michael J. O'sullivan sold 18,000 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $11.49, for a total value of $206,820.00. Following the sale, the general counsel now owns 480,498 shares in the company, valued at $5,520,922.02. The trade was a 3.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,350,523 shares of company stock valued at $12,698,797 in the last quarter. Corporate insiders own 22.68% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Capital International Investors bought a new position in shares of Snap during the 4th quarter valued at $422,049,000. Capital World Investors grew its stake in shares of Snap by 38.9% during the fourth quarter. Capital World Investors now owns 84,137,317 shares of the company's stock valued at $906,161,000 after buying an additional 23,569,522 shares during the last quarter. Norges Bank purchased a new position in shares of Snap in the fourth quarter worth about $30,162,000. Renaissance Technologies LLC bought a new stake in shares of Snap in the 4th quarter valued at about $27,713,000. Finally, Charles Schwab Investment Management Inc. grew its position in Snap by 62.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,211,360 shares of the company's stock worth $66,462,000 after acquiring an additional 2,386,519 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors.
About Snap
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Get Free ReportSnap 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.
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