Snap Inc. (NYSE:SNAP) Receives Average Rating of "Hold" from Analysts

Shares of Snap Inc. (NYSE:SNAP - Get Free Report) have earned a consensus rating of "Hold" from the thirty-three brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twenty-five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $36.87.

Several research firms have recently issued reports on SNAP. JMP Securities reiterated a "market outperform" rating and issued a $16.00 target price on shares of Snap in a research note on Monday, January 27th. Wells Fargo & Company lowered shares of Snap from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $15.00 to $11.00 in a research report on Wednesday, February 5th. Susquehanna lifted their price target on Snap from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $640.00 target price on shares of Snap in a report on Thursday, December 5th. Finally, Barclays reiterated an "overweight" rating on shares of Snap in a research report on Wednesday, February 5th.

Insider Activity at Snap

In other news, CAO Rebecca Morrow sold 8,837 shares of Snap stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total transaction of $95,793.08. Following the sale, the chief accounting officer now owns 429,892 shares of the company's stock, valued at approximately $4,660,029.28. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Michael J. O'sullivan sold 18,000 shares of Snap stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $10.84, for a total transaction of $195,120.00. Following the completion of the transaction, the general counsel now owns 498,498 shares of the company's stock, valued at $5,403,718.32. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,350,523 shares of company stock valued at $12,698,797. Corporate insiders own 22.68% of the company's stock.

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Institutional Trading of Snap

Several institutional investors and hedge funds have recently made changes to their positions in SNAP. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Snap by 19.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,115 shares of the company's stock valued at $184,000 after acquiring an additional 2,792 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new position in Snap in the fourth quarter valued at $3,838,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Snap in the fourth quarter valued at $5,135,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Snap in the fourth quarter valued at about $225,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Snap during the fourth quarter worth about $4,924,000. 47.52% of the stock is owned by hedge funds and other institutional investors.

Snap Price Performance

Shares of SNAP traded up $0.20 during trading hours on Monday, reaching $9.24. The stock had a trading volume of 51,104,756 shares, compared to its average volume of 25,495,330. The company's 50-day moving average is $10.56 and its two-hundred day moving average is $10.80. The stock has a market capitalization of $15.67 billion, a PE ratio of -22.04 and a beta of 0.92. Snap has a 12 month low of $8.29 and a 12 month high of $17.33. 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 (NYSE:SNAP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.01 EPS 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%. Research analysts expect that Snap will post -0.3 EPS 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.