Snap Inc. (NYSE:SNAP – Get Free Report) SVP Eric Young sold 115,915 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $15.91, for a total transaction of $1,844,207.65. Following the completion of the transaction, the senior vice president now directly owns 3,292,657 shares in the company, valued at $52,386,172.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Snap Trading Up 1.8 %
Shares of SNAP opened at $15.91 on Thursday. Snap Inc. has a 1-year low of $8.28 and a 1-year high of $17.90. The company has a market capitalization of $26.11 billion, a P/E ratio of -19.64 and a beta of 1.02. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.76 and a quick ratio of 3.76. The firm’s 50 day simple moving average is $12.98 and its 200 day simple moving average is $13.68.
Snap (NYSE:SNAP – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.10. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.12 billion. Snap had a negative net margin of 26.99% and a negative return on equity of 46.62%. Sell-side analysts forecast that Snap Inc. will post -0.44 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Snap
Analyst Ratings Changes
SNAP has been the subject of a number of analyst reports. TD Cowen lifted their price target on Snap from $11.00 to $14.00 and gave the company a “hold” rating in a research note on Friday, April 26th. BMO Capital Markets dropped their target price on shares of Snap from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Wells Fargo & Company raised their price target on shares of Snap from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Evercore ISI upped their price objective on Snap from $13.00 to $14.00 and gave the company an “in-line” rating in a research note on Friday, April 26th. Finally, Truist Financial raised their target price on Snap from $12.00 to $16.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.79.
View Our Latest Report 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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