Virtu Financial LLC bought a new position in Snap Inc. (NYSE:SNAP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 71,007 shares of the company's stock, valued at approximately $765,000.
Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in shares of Snap by 141.9% during the third quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company's stock valued at $30,000 after buying an additional 1,632 shares during the period. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Snap during the 4th quarter valued at $32,000. Brooklyn Investment Group purchased a new position in shares of Snap in the 3rd quarter valued at approximately $41,000. Blue Trust Inc. grew its stake in Snap by 128.0% during the 4th quarter. Blue Trust Inc. now owns 4,370 shares of the company's stock valued at $47,000 after purchasing an additional 2,453 shares during the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in Snap during the 4th quarter valued at approximately $54,000. 47.52% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on SNAP shares. Needham & Company LLC restated a "buy" rating and set a $640.00 price objective on shares of Snap in a research report on Thursday, December 5th. JMP Securities reissued a "market outperform" rating and set a $16.00 target price on shares of Snap in a research note on Monday, January 27th. Bank of America upped their target price on shares of Snap from $14.00 to $14.50 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Citizens Jmp lowered shares of Snap from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Susquehanna boosted their price target on shares of Snap from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $36.87.
View Our Latest Research Report on Snap
Snap Price Performance
Shares of NYSE SNAP traded down $0.24 during trading on Thursday, reaching $9.17. The company had a trading volume of 21,280,654 shares, compared to its average volume of 25,556,503. Snap Inc. has a 52 week low of $8.29 and a 52 week high of $17.33. The business's 50 day moving average price is $10.20 and its 200-day moving average price is $10.79. The stock has a market cap of $15.56 billion, a PE ratio of -21.84 and a beta of 0.92. 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 released its earnings results on Tuesday, February 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.13). Snap had a negative net margin of 13.02% and a negative return on equity of 25.67%. Analysts expect that Snap Inc. will post -0.3 earnings per share for the current year.
Insider Activity at Snap
In other news, CFO Derek Andersen sold 61,334 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total value of $664,860.56. Following the completion of the sale, the chief financial officer now directly owns 3,564,235 shares of the company's stock, valued at $38,636,307.40. This represents a 1.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Rebecca Morrow sold 8,837 shares of the company's 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. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,350,523 shares of company stock worth $12,698,797 over the last ninety days. Company insiders own 22.68% of the company's stock.
Snap Profile
(
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.
Further Reading
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