Snap Inc. (NYSE:SNAP - Get Free Report) CAO Rebecca Morrow sold 8,837 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total transaction of $95,793.08. Following the completion of the sale, the chief accounting officer now 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 Securities & Exchange Commission, which is available through this link.
Rebecca Morrow also recently made the following trade(s):
- On Monday, December 16th, Rebecca Morrow sold 2,812 shares of Snap stock. The shares were sold at an average price of $11.44, for a total value of $32,169.28.
- On Tuesday, December 10th, Rebecca Morrow sold 32,000 shares of Snap stock. The stock was sold at an average price of $12.42, for a total value of $397,440.00.
Snap Stock Performance
Shares of SNAP stock traded up $0.14 during mid-day trading on Monday, reaching $10.48. The stock had a trading volume of 13,101,831 shares, compared to its average volume of 30,480,889. The business's fifty day moving average is $11.19 and its 200-day moving average is $10.77. The firm has a market cap of $17.77 billion, a price-to-earnings ratio of -24.99 and a beta of 0.99. Snap Inc. has a 1-year low of $8.29 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.
Snap (NYSE:SNAP - Get Free Report) last released its quarterly 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, research analysts forecast that Snap Inc. will post -0.3 earnings per share for the current year.
Institutional Trading of Snap
Institutional investors have recently bought and sold shares of the business. Mountain Hill Investment Partners Corp. acquired a new stake in Snap in the 4th quarter valued at $27,000. Advisors Asset Management Inc. grew its position in shares of Snap by 141.9% in the third 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 period. Raiffeisen Bank International AG purchased a new stake in shares of Snap during the fourth quarter worth about $30,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Snap during the 4th quarter worth about $32,000. Finally, Brooklyn Investment Group purchased a new position in Snap in the 3rd quarter valued at about $41,000. 47.52% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently weighed in on SNAP shares. UBS Group increased their price objective on shares of Snap from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Bank of America lifted their price target on shares of Snap from $14.00 to $14.50 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Wells Fargo & Company lowered shares of Snap from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $15.00 to $11.00 in a report on Wednesday, February 5th. JMP Securities reaffirmed a "market outperform" rating and issued a $16.00 target price on shares of Snap in a report on Monday, January 27th. Finally, Susquehanna increased their price objective on shares of Snap from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twenty-five have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $36.87.
Get Our Latest Stock Analysis on SNAP
Snap Company Profile
(
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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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