Analysts Set Snap Inc. (NYSE:SNAP) Price Target at $14.31

Shares of Snap Inc. (NYSE:SNAP - Get Free Report) have received a consensus rating of "Hold" from the thirty-two research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, twenty-two have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $14.31.

Several equities research analysts have commented on SNAP shares. HSBC lowered shares of Snap from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. Morgan Stanley upgraded shares of Snap from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $12.00 to $16.00 in a research note on Tuesday, July 23rd. Susquehanna dropped their target price on shares of Snap from $15.00 to $12.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. The Goldman Sachs Group raised their target price on shares of Snap from $12.00 to $13.50 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Finally, Wolfe Research began coverage on shares of Snap in a research note on Tuesday, July 16th. They set a "peer perform" rating for the company.

Insider Transactions at Snap

In other news, SVP Eric Young sold 114,097 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $9.11, for a total transaction of $1,039,423.67. Following the completion of the sale, the senior vice president now owns 3,041,723 shares in the company, valued at $27,710,096.53. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Eric Young sold 114,097 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $9.11, for a total transaction of $1,039,423.67. Following the completion of the transaction, the senior vice president now directly owns 3,041,723 shares of the company's stock, valued at $27,710,096.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Derek Andersen sold 97,608 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $9.29, for a total transaction of $906,778.32. Following the transaction, the chief financial officer now owns 2,287,970 shares of the company's stock, valued at approximately $21,255,241.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,365,051 shares of company stock worth $15,965,178. Corporate insiders own 22.68% of the company's stock.

Institutional Investors Weigh In On Snap

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Snap by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 96,148,590 shares of the company's stock valued at $1,103,786,000 after buying an additional 830,889 shares during the last quarter. Capital World Investors raised its stake in shares of Snap by 0.8% during the 1st quarter. Capital World Investors now owns 46,272,273 shares of the company's stock worth $531,206,000 after buying an additional 385,191 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Snap by 587.3% during the 2nd quarter. Marshall Wace LLP now owns 14,667,597 shares of the company's stock worth $243,629,000 after buying an additional 12,533,653 shares during the last quarter. Ossiam raised its stake in Snap by 7.1% in the 1st quarter. Ossiam now owns 11,334,804 shares of the company's stock valued at $130,124,000 after purchasing an additional 751,846 shares during the last quarter. Finally, TB Alternative Assets Ltd. raised its stake in Snap by 105.6% in the 3rd quarter. TB Alternative Assets Ltd. now owns 7,981,847 shares of the company's stock valued at $85,406,000 after purchasing an additional 4,098,847 shares during the last quarter. Institutional investors and hedge funds own 47.52% of the company's stock.

Snap Stock Performance

SNAP stock traded down $0.70 during mid-day trading on Tuesday, hitting $11.26. 37,290,172 shares of the company were exchanged, compared to its average volume of 27,829,260. The business has a 50 day simple moving average of $10.51 and a 200-day simple moving average of $12.76. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $18.89 billion, a PE ratio of -20.60 and a beta of 0.99. Snap has a 1-year low of $8.29 and a 1-year high of $17.90.

Snap (NYSE:SNAP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Snap had a negative net margin of 18.49% and a negative return on equity of 35.60%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business earned ($0.21) earnings per share. The company's revenue was up 15.4% on a year-over-year basis. On average, equities analysts forecast that Snap will post -0.41 earnings per share for the current year.

Snap Company 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.