Snap Inc. (NYSE:SNAP – Get Free Report) General Counsel Michael J. O’sullivan sold 18,000 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $11.89, for a total value of $214,020.00. Following the transaction, the general counsel now directly owns 464,009 shares of the company’s stock, valued at approximately $5,517,067.01. The trade was a 3.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Snap Trading Up 6.3 %
Shares of SNAP opened at $12.87 on Wednesday. Snap Inc. has a fifty-two week low of $8.29 and a fifty-two week high of $17.90. The business has a 50-day moving average of $11.12 and a 200 day moving average of $12.24. The firm has a market cap of $21.59 billion, a P/E ratio of -22.19 and a beta of 0.97. The company has a debt-to-equity ratio of 1.63, a quick ratio of 4.04 and a current ratio of 4.04.
Snap (NYSE:SNAP – Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. Snap had a negative return on equity of 35.60% and a negative net margin of 18.49%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company earned ($0.21) EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. As a group, research analysts forecast that Snap Inc. will post -0.4 EPS for the current year.
Institutional Investors Weigh In On Snap
Analysts Set New Price Targets
A number of analysts have weighed in on SNAP shares. Evercore ISI boosted their target price on shares of Snap from $12.00 to $15.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Guggenheim reaffirmed a “buy” rating and issued a $12.11 target price on shares of Snap in a report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $14.00 target price on shares of Snap in a research report on Wednesday, September 18th. UBS Group boosted their price target on Snap from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company cut their target price on shares of Snap from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.91.
View Our Latest Analysis on Snap
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.
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