Snap Inc. (NYSE:SNAP – Get Free Report) SVP Eric Young sold 119,112 shares of Snap stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $11.90, for a total transaction of $1,417,432.80. Following the sale, the senior vice president now directly owns 3,391,040 shares in the company, valued at $40,353,376. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Snap Trading Up 2.1 %
Shares of SNAP stock opened at $12.15 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.83 and a current ratio of 4.83. Snap Inc. has a fifty-two week low of $7.86 and a fifty-two week high of $13.89. The stock has a 50 day simple moving average of $9.65 and a two-hundred day simple moving average of $10.21. The company has a market cap of $20.00 billion, a P/E ratio of -14.19 and a beta of 1.20.
Snap (NYSE:SNAP – Get Free Report) last posted its quarterly earnings results on Tuesday, October 24th. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.03. Snap had a negative return on equity of 44.24% and a negative net margin of 29.99%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.11 billion. Research analysts forecast that Snap Inc. will post -0.79 earnings per share for the current year.
Analysts Set New Price Targets
Institutional Investors Weigh In On Snap
Hedge funds and other institutional investors have recently made changes to their positions in the business. Belpointe Asset Management LLC acquired a new position in Snap during the 3rd quarter valued at about $2,582,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Snap by 9.5% in the third quarter. Mercer Global Advisors Inc. ADV now owns 45,592 shares of the company’s stock valued at $406,000 after purchasing an additional 3,939 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Snap by 101.7% in the third quarter. The Manufacturers Life Insurance Company now owns 62,711 shares of the company’s stock valued at $559,000 after purchasing an additional 31,627 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Snap during the third quarter worth $167,000. Finally, Alps Advisors Inc. grew its holdings in Snap by 29.7% during the third quarter. Alps Advisors Inc. now owns 72,585 shares of the company’s stock worth $647,000 after buying an additional 16,622 shares in the last quarter. 44.37% of the stock is owned by institutional investors.
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.
- Five stocks we like better than Snap
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- The most upgraded stocks in November have two things in common
- How to Calculate Return on Investment (ROI)
- Monday.com rocked earnings like it’s the weekend
- What Are Dividend Champions? How to Invest in the Champions
- Plan to own one retailer? Make it this one
Receive News & Ratings for Snap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap and related companies with MarketBeat.com's FREE daily email newsletter.