Shares of Snap Inc. (NYSE:SNAP) have earned an average recommendation of “Hold” from the forty-four brokerages that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a sell recommendation, twenty have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $20.83.

SNAP has been the topic of several research analyst reports. Canaccord Genuity initiated coverage on shares of Snap in a research note on Friday, April 28th. They set a “hold” rating and a $22.00 target price on the stock. Cowen and Company reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of Snap in a research note on Tuesday, May 9th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $25.00 price objective (down from $30.00) on shares of Snap in a research note on Monday, July 10th. Raymond James Financial, Inc. assumed coverage on shares of Snap in a research note on Tuesday, April 25th. They issued a “market perform” rating and a $23.48 price objective on the stock. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Snap in a research note on Monday, May 22nd.

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Several large investors have recently made changes to their positions in the company. US Bancorp DE acquired a new stake in shares of Snap during the first quarter worth $101,000. Seven Bridges Advisors LLC acquired a new stake in shares of Snap during the second quarter worth $101,000. WFG Advisors LP acquired a new stake in shares of Snap during the first quarter worth $109,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Snap by 654.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 7,540 shares of the company’s stock worth $134,000 after buying an additional 6,540 shares during the last quarter. Finally, Dubuque Bank & Trust Co. acquired a new stake in shares of Snap during the second quarter worth $137,000. Hedge funds and other institutional investors own 30.16% of the company’s stock.

Shares of Snap (NYSE SNAP) opened at 13.77 on Friday. The company’s market capitalization is $16.23 billion. Snap has a 52-week low of $11.90 and a 52-week high of $29.44. The company has a 50-day moving average of $15.27 and a 200 day moving average of $19.19.

Snap (NYSE:SNAP) last issued its earnings results on Thursday, August 10th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.13. The company had revenue of $181.70 million for the quarter, compared to the consensus estimate of $186.49 million. Snap’s revenue was up 153.1% compared to the same quarter last year. Analysts predict that Snap will post ($0.56) earnings per share for the current year.

Snap Company Profile

Snap Inc, formerly Snapchat, Inc, is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.

Analyst Recommendations for Snap (NYSE:SNAP)

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