Snap Inc. (NYSE:SNAP - Get Free Report) SVP Eric Young sold 102,152 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 transaction of $1,107,327.68. Following the transaction, the senior vice president now directly owns 3,443,419 shares in the company, valued at approximately $37,326,661.96. This trade represents a 2.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Snap Stock Up 1.7 %
Snap stock traded up $0.18 during trading on Monday, reaching $10.52. 12,454,282 shares of the company's stock were exchanged, compared to its average volume of 30,467,334. Snap Inc. has a 52-week low of $8.29 and a 52-week high of $17.33. The firm has a market cap of $17.84 billion, a price-to-earnings ratio of -24.99 and a beta of 0.99. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95. The company's 50-day moving average is $11.19 and its two-hundred day moving average is $10.77.
Snap (NYSE:SNAP - Get Free Report) last issued its quarterly earnings data 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 return on equity of 25.67% and a negative net margin of 13.02%. On average, analysts predict that Snap Inc. will post -0.3 earnings per share for the current year.
Hedge Funds Weigh In On Snap
Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital International Investors acquired a new position in shares of Snap during the fourth quarter worth $422,049,000. Capital World Investors lifted its holdings in Snap by 38.9% in the 4th quarter. Capital World Investors now owns 84,137,317 shares of the company's stock worth $906,161,000 after buying an additional 23,569,522 shares in the last quarter. Norges Bank purchased a new position in Snap in the 4th quarter valued at about $30,162,000. Renaissance Technologies LLC purchased a new position in Snap in the 4th quarter valued at about $27,713,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Snap by 62.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,211,360 shares of the company's stock valued at $66,462,000 after acquiring an additional 2,386,519 shares in the last quarter. Hedge funds and other institutional investors own 47.52% of the company's stock.
Analyst Ratings Changes
SNAP has been the topic of several recent research reports. BMO Capital Markets reiterated an "outperform" rating and issued a $16.00 price objective (down from $18.00) on shares of Snap in a research report on Wednesday, January 15th. Truist Financial raised their price objective on shares of Snap from $13.00 to $14.00 and gave the stock a "hold" rating in a research note on Wednesday, October 30th. Cantor Fitzgerald increased their target price on Snap from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Royal Bank of Canada reissued a "sector perform" rating and issued a $16.00 price target on shares of Snap in a report on Wednesday, October 30th. Finally, Evercore ISI increased their price objective on Snap from $12.00 to $15.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Snap presently has a consensus rating of "Hold" and a consensus price target of $36.87.
Check Out Our Latest Research Report on SNAP
About Snap
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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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