Shares of Snap Inc (NYSE:SNAP) have earned an average recommendation of “Hold” from the thirty-three research firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $10.03.

A number of equities research analysts have recently commented on SNAP shares. SunTrust Banks reiterated a “hold” rating and set a $11.00 price objective on shares of Snap in a research report on Wednesday, April 24th. Zacks Investment Research downgraded Snap from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Wedbush reiterated an “outperform” rating and set a $12.25 price objective on shares of Snap in a research report on Wednesday, February 6th. Canaccord Genuity increased their price objective on Snap from $9.50 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Finally, Stifel Nicolaus increased their price objective on Snap from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Wednesday, February 6th.

In other news, VP Jerry James Hunter sold 68,256 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $11.34, for a total value of $774,023.04. Following the completion of the sale, the vice president now owns 1,918,693 shares in the company, valued at $21,757,978.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Lynton sold 58,668 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $11.00, for a total value of $645,348.00. Following the completion of the sale, the director now owns 126,817 shares of the company’s stock, valued at approximately $1,394,987. The disclosure for this sale can be found here. Insiders sold 6,709,190 shares of company stock valued at $67,891,584 in the last 90 days.

Several hedge funds and other institutional investors have recently bought and sold shares of SNAP. FNY Investment Advisers LLC increased its stake in shares of Snap by 306.5% in the fourth quarter. FNY Investment Advisers LLC now owns 5,000 shares of the company’s stock worth $27,000 after acquiring an additional 3,770 shares during the last quarter. Providence Capital Advisors LLC acquired a new position in shares of Snap in the first quarter worth $32,000. TCI Wealth Advisors Inc. increased its stake in shares of Snap by 70.0% in the first quarter. TCI Wealth Advisors Inc. now owns 3,400 shares of the company’s stock worth $37,000 after acquiring an additional 1,400 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of Snap in the fourth quarter worth $41,000. Finally, Coastal Investment Advisors Inc. acquired a new position in shares of Snap in the first quarter worth $46,000. 22.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:SNAP opened at $11.31 on Thursday. Snap has a one year low of $4.82 and a one year high of $14.47. The firm has a market cap of $15.36 billion, a PE ratio of -11.66 and a beta of 1.17.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Snap had a negative net margin of 92.94% and a negative return on equity of 47.71%. The company had revenue of $320.43 million for the quarter, compared to analyst estimates of $306.28 million. During the same quarter last year, the company posted ($0.17) EPS. Snap’s revenue was up 38.9% on a year-over-year basis. Sell-side analysts forecast that Snap will post -0.76 earnings per share for the current fiscal year.

About Snap

Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.

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Analyst Recommendations for Snap (NYSE:SNAP)

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