Generali Asset Management SPA SGR acquired a new stake in Snap Inc. (NYSE:SNAP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 125,510 shares of the company's stock, valued at approximately $1,352,000.
Other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in shares of Snap by 141.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company's stock valued at $30,000 after purchasing an additional 1,632 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Snap during the 4th quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in Snap during the 3rd quarter worth approximately $41,000. Blue Trust Inc. increased its position in Snap by 128.0% during the 4th quarter. Blue Trust Inc. now owns 4,370 shares of the company's stock worth $47,000 after purchasing an additional 2,453 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in shares of Snap during the fourth quarter worth $54,000. 47.52% of the stock is currently owned by institutional investors and hedge funds.
Snap Price Performance
Shares of SNAP traded up $0.09 during midday trading on Tuesday, reaching $9.63. The stock had a trading volume of 19,975,300 shares, compared to its average volume of 29,435,963. The company has a market capitalization of $16.34 billion, a price-to-earnings ratio of -22.93 and a beta of 0.92. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.47. Snap Inc. has a 12-month low of $8.29 and a 12-month high of $17.33. The company's 50-day moving average is $10.33 and its 200 day moving average is $10.81.
Snap (NYSE:SNAP - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.13). Snap had a negative net margin of 13.02% and a negative return on equity of 25.67%. On average, equities analysts predict that Snap Inc. will post -0.3 EPS for the current fiscal year.
Insider Buying and Selling
In other Snap news, CFO Derek Andersen sold 33,618 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $8.83, for a total value of $296,846.94. Following the transaction, the chief financial officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Michael J. O'sullivan sold 18,000 shares of the business's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $10.84, for a total value of $195,120.00. Following the transaction, the general counsel now owns 498,498 shares in the company, valued at approximately $5,403,718.32. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,350,523 shares of company stock worth $12,698,797 in the last ninety days. 22.68% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
SNAP has been the topic of a number of recent research reports. BMO Capital Markets reissued an "outperform" rating and set a $16.00 price target (down from $18.00) on shares of Snap in a research note on Wednesday, January 15th. Wells Fargo & Company downgraded Snap from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $15.00 to $11.00 in a report on Wednesday, February 5th. Barclays reiterated an "overweight" rating on shares of Snap in a research report on Wednesday, February 5th. Needham & Company LLC reiterated a "buy" rating and set a $640.00 price target on shares of Snap in a report on Thursday, December 5th. Finally, Citigroup lifted their price objective 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. One investment analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $36.87.
Check Out Our Latest Research Report on SNAP
Snap Company Profile
(
Free Report)
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.
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