Brokerages Set Snap Inc. (NYSE:SNAP) Target Price at $36.87

Shares of Snap Inc. (NYSE:SNAP - Get Free Report) have been assigned an average recommendation of "Hold" from the thirty-three research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twenty-five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $36.87.

A number of equities analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Snap from $13.00 to $13.50 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Royal Bank of Canada reissued a "sector perform" rating and issued a $16.00 price objective on shares of Snap in a research note on Wednesday, October 30th. Cantor Fitzgerald increased their price objective on shares of Snap from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lowered their price objective on shares of Snap from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 5th. Finally, B. Riley increased their price objective on shares of Snap from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th.

Insider Activity at Snap

In other Snap news, General Counsel Michael J. O'sullivan sold 18,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $10.84, for a total value of $195,120.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Rebecca Morrow sold 8,837 shares of the 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 completion of the sale, the chief accounting officer now directly owns 429,892 shares of the company's stock, valued at $4,660,029.28. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 499,471 shares of company stock worth $5,608,926. Company insiders own 22.68% of the company's stock.

Institutional Trading of Snap

Several large investors have recently bought and sold shares of SNAP. Checchi Capital Advisers LLC grew its position in shares of Snap by 3.0% during the fourth quarter. Checchi Capital Advisers LLC now owns 31,126 shares of the company's stock worth $335,000 after buying an additional 901 shares in the last quarter. HCR Wealth Advisors grew its position in shares of Snap by 3.9% during the fourth quarter. HCR Wealth Advisors now owns 25,016 shares of the company's stock worth $269,000 after buying an additional 934 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Snap by 8.0% during the fourth quarter. Captrust Financial Advisors now owns 13,918 shares of the company's stock worth $150,000 after buying an additional 1,030 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Snap by 1.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 61,365 shares of the company's stock worth $661,000 after buying an additional 1,033 shares in the last quarter. Finally, Empowered Funds LLC grew its position in shares of Snap by 3.1% during the fourth quarter. Empowered Funds LLC now owns 35,639 shares of the company's stock worth $384,000 after buying an additional 1,055 shares in the last quarter. Institutional investors and hedge funds own 47.52% of the company's stock.

Snap Price Performance

Shares of NYSE:SNAP traded down $0.34 on Thursday, reaching $10.35. 17,222,606 shares of the company were exchanged, compared to its average volume of 30,158,058. 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 has a 1-year low of $8.29 and a 1-year high of $17.33. The firm has a market cap of $17.55 billion, a price-to-earnings ratio of -24.63 and a beta of 0.99. The company has a 50-day moving average of $11.19 and a 200-day moving average of $10.75.

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%. Equities analysts forecast that Snap will post -0.3 earnings per share for the current fiscal 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.