Snap Inc (NYSE:SNAP) CFO Derek Andersen sold 9,000 shares of Snap stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $12.00, for a total transaction of $108,000.00. Following the completion of the sale, the chief financial officer now owns 1,551,175 shares of the company’s stock, valued at $18,614,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NYSE SNAP opened at $11.69 on Tuesday. The firm has a market cap of $16.34 billion, a price-to-earnings ratio of -12.05 and a beta of 0.82. Snap Inc has a fifty-two week low of $4.82 and a fifty-two week high of $14.47.

Snap (NYSE:SNAP) last posted its earnings results on Tuesday, April 23rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). The company had revenue of $320.43 million for the quarter, compared to the consensus estimate of $306.28 million. Snap had a negative return on equity of 47.71% and a negative net margin of 92.94%. The business’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.17) EPS. On average, sell-side analysts expect that Snap Inc will post -0.76 EPS for the current year.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Snap from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Monday, April 8th. SunTrust Banks reiterated a “hold” rating and issued a $11.00 price target on shares of Snap in a research report on Wednesday, April 24th. Canaccord Genuity lifted their price target on shares of Snap from $9.50 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. upgraded shares of Snap from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $7.00 to $11.00 in a research report on Wednesday, April 24th. Finally, Nomura boosted their price objective on shares of Snap from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $10.50.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Valmark Advisers Inc. grew its stake in shares of Snap by 64.7% during the fourth quarter. Valmark Advisers Inc. now owns 18,543 shares of the company’s stock worth $102,000 after buying an additional 7,285 shares during the last quarter. TRUE Private Wealth Advisors bought a new stake in shares of Snap during the first quarter worth $115,000. Wedbush Securities Inc. bought a new stake in shares of Snap during the fourth quarter worth $55,000. Geode Capital Management LLC grew its stake in shares of Snap by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 4,810,361 shares of the company’s stock worth $26,505,000 after buying an additional 208,932 shares during the last quarter. Finally, Ffcm LLC bought a new stake in shares of Snap during the fourth quarter worth $92,000. 26.09% of the stock is currently owned by hedge funds and other institutional investors.

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Snap Company Profile

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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Insider Buying and Selling by Quarter for Snap (NYSE:SNAP)

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