Snap Inc. (NYSE:SNAP)‘s stock had its “neutral” rating reaffirmed by investment analysts at J P Morgan Chase & Co in a note issued to investors on Monday, MarketBeat Ratings reports. They currently have a $14.00 price target on the stock, down from their previous price target of $16.00. J P Morgan Chase & Co’s target price would indicate a potential upside of 2.19% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Vetr cut Snap from a “strong-buy” rating to a “buy” rating and set a $19.38 target price on the stock. in a report on Tuesday, June 27th. Drexel Hamilton reiterated a “buy” rating and issued a $30.00 target price on shares of Snap in a report on Friday, June 16th. Royal Bank Of Canada reiterated a “buy” rating and issued a $31.00 target price on shares of Snap in a report on Tuesday, July 11th. Stifel Nicolaus upgraded Snap from a “hold” rating to a “buy” rating and increased their target price for the stock from $15.24 to $22.00 in a report on Thursday, July 13th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $20.00 target price on shares of Snap in a report on Wednesday, August 9th. Eleven equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.21.

Snap (NYSE:SNAP) last posted its quarterly earnings results on Thursday, August 10th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.07). The business had revenue of $181.70 million during the quarter, compared to analysts’ expectations of $186.49 million. The company’s revenue was up 153.1% compared to the same quarter last year.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://www.dailypolitical.com/2017/09/25/snap-inc-snap-price-target-lowered-to-14-00-at-j-p-morgan-chase-co.html.

In other news, insider Imran Khan sold 150,000 shares of Snap stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $12.50, for a total transaction of $1,875,000.00. Following the completion of the sale, the insider now owns 9,596,464 shares in the company, valued at approximately $119,955,800. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew Vollero sold 195,100 shares of Snap stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $12.50, for a total value of $2,438,750.00. Following the sale, the chief financial officer now owns 1,882,280 shares of the company’s stock, valued at approximately $23,528,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,733,598 shares of company stock valued at $23,764,362.

Several institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. boosted its position in shares of Snap by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 9,869 shares of the company’s stock valued at $175,000 after acquiring an additional 757 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Snap by 6.7% during the 2nd quarter. Private Advisor Group LLC now owns 22,293 shares of the company’s stock valued at $379,000 after acquiring an additional 1,393 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its position in shares of Snap by 6.3% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 42,406 shares of the company’s stock valued at $754,000 after acquiring an additional 2,530 shares during the last quarter. WFG Advisors LP boosted its position in shares of Snap by 52.4% during the 2nd quarter. WFG Advisors LP now owns 7,377 shares of the company’s stock valued at $131,000 after acquiring an additional 2,537 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Snap by 21.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 19,816 shares of the company’s stock valued at $352,000 after acquiring an additional 3,447 shares during the last quarter. Hedge funds and other institutional investors own 16.40% of the company’s stock.

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)

Receive News & Ratings for Snap Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap Inc. and related companies with MarketBeat.com's FREE daily email newsletter.