Senvest Management LLC boosted its position in shares of Snap Inc. (NYSE:SNAP - Free Report) by 160.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,448,100 shares of the company's stock after purchasing an additional 1,507,500 shares during the quarter. Snap comprises about 0.8% of Senvest Management LLC's holdings, making the stock its 26th biggest holding. Senvest Management LLC owned 0.15% of Snap worth $26,366,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Mountain Hill Investment Partners Corp. purchased a new stake in Snap in the fourth quarter worth approximately $27,000. Comprehensive Financial Planning Inc. PA purchased a new stake in Snap during the fourth quarter valued at $32,000. Blue Trust Inc. lifted its holdings in Snap by 128.0% in the fourth quarter. Blue Trust Inc. now owns 4,370 shares of the company's stock valued at $47,000 after acquiring an additional 2,453 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in Snap in the fourth quarter worth about $54,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Snap by 213.3% during the 4th quarter. V Square Quantitative Management LLC now owns 8,378 shares of the company's stock valued at $91,000 after purchasing an additional 5,704 shares during the period. 47.52% of the stock is currently owned by institutional investors.
Snap Stock Performance
Shares of NYSE SNAP traded up $0.12 during mid-day trading on Friday, hitting $7.86. 32,068,115 shares of the company were exchanged, compared to its average volume of 28,140,860. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.47. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of -18.72 and a beta of 0.92. The stock has a 50 day simple moving average of $9.25 and a 200-day simple moving average of $10.59. Snap Inc. has a 1-year low of $7.08 and a 1-year high of $17.33.
Snap (NYSE:SNAP - Get Free Report) last released 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, sell-side analysts forecast that Snap Inc. will post -0.3 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. The Goldman Sachs Group decreased their target price on Snap from $13.50 to $9.50 and set a "neutral" rating on the stock in a report on Monday. Guggenheim reaffirmed a "neutral" rating on shares of Snap in a research report on Wednesday, April 2nd. Barclays reissued an "overweight" rating on shares of Snap in a report on Wednesday, February 5th. Canaccord Genuity Group lowered their price target on shares of Snap from $13.00 to $10.00 and set a "hold" rating on the stock in a report on Thursday. Finally, Citizens Jmp raised shares of Snap from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, twenty-four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $35.60.
View Our Latest Stock Analysis on SNAP
Insider Transactions at Snap
In related news, CAO Rebecca Morrow sold 8,837 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total value of $95,793.08. Following the completion of the transaction, the chief accounting officer now directly owns 429,892 shares in the company, valued at approximately $4,660,029.28. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Robert C. Murphy sold 1,000,000 shares of the firm'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 in the company, valued at approximately $504,599,673.92. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,356,523 shares of company stock valued at $12,710,077 in the last ninety days. Corporate insiders own 22.68% of the company's stock.
About Snap
(
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.
Featured Articles
Before you consider Snap, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Snap wasn't on the list.
While Snap currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
