Grant Private Wealth Management Inc acquired a new position in Snap Inc. (NYSE:SNAP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,626 shares of the company's stock, valued at approximately $330,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Mountain Hill Investment Partners Corp. acquired a new position in Snap in the 4th quarter valued at approximately $27,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Snap during the fourth quarter valued at approximately $32,000. Blue Trust Inc. increased its position in shares of Snap by 128.0% during the fourth quarter. Blue Trust Inc. now owns 4,370 shares of the company's stock valued at $47,000 after purchasing an additional 2,453 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new position in shares of Snap in the fourth quarter valued at $54,000. Finally, V Square Quantitative Management LLC lifted its position in Snap by 213.3% in the fourth quarter. V Square Quantitative Management LLC now owns 8,378 shares of the company's stock worth $91,000 after purchasing an additional 5,704 shares during the period. Institutional investors own 47.52% of the company's stock.
Snap Trading Up 0.4 %
NYSE:SNAP traded up $0.04 on Friday, hitting $8.06. 48,608,525 shares of the stock were exchanged, compared to its average volume of 27,596,459. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95. Snap Inc. has a 52 week low of $7.66 and a 52 week high of $17.33. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of -19.18 and a beta of 0.92. The company's 50-day moving average price is $9.95 and its 200 day moving average price is $10.77.
Snap (NYSE:SNAP - Get Free Report) last posted 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 return on equity of 25.67% and a negative net margin of 13.02%. On average, equities research analysts forecast that Snap Inc. will post -0.3 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have issued reports on SNAP shares. JMP Securities reissued a "market outperform" rating and issued a $16.00 price target on shares of Snap in a report on Monday, January 27th. BMO Capital Markets reissued an "outperform" rating and issued a $16.00 target price (down previously from $18.00) on shares of Snap in a research note on Wednesday, January 15th. Citizens Jmp upgraded shares of Snap from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Guggenheim reiterated a "neutral" rating on shares of Snap in a research note on Wednesday. Finally, Susquehanna raised their target price on Snap from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $36.80.
Read Our Latest Report on Snap
Insider Activity
In other news, CTO Robert C. Murphy sold 1,000,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief technology officer now directly owns 55,818,548 shares of the company's stock, valued at $504,599,673.92. This represents a 1.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Michael J. O'sullivan sold 24,000 shares of Snap stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $8.60, for a total transaction of $206,400.00. Following the transaction, 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. Insiders have sold a total of 1,356,523 shares of company stock valued at $12,710,077 in the last 90 days. 22.68% of the stock is owned by company insiders.
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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