Snap Inc. (NYSE:SNAP - Get Free Report) CAO Rebecca Morrow sold 2,459 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $9.29, for a total value of $22,844.11. Following the completion of the sale, the chief accounting officer now owns 476,218 shares in the company, valued at $4,424,065.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Rebecca Morrow also recently made the following trade(s):
- On Friday, August 16th, Rebecca Morrow sold 8,923 shares of Snap stock. The stock was sold at an average price of $9.10, for a total value of $81,199.30.
Snap Trading Up 2.7 %
NYSE SNAP opened at $9.67 on Thursday. The company has a market capitalization of $15.87 billion, a PE ratio of -11.94 and a beta of 1.01. The company has a fifty day moving average of $10.82 and a 200 day moving average of $12.83. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.98 and a quick ratio of 3.98. Snap Inc. has a 1 year low of $8.28 and a 1 year high of $17.90.
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Snap (NYSE:SNAP - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.02. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.25 billion. Snap had a negative return on equity of 42.84% and a negative net margin of 23.49%. Research analysts forecast that Snap Inc. will post -0.48 earnings per share for the current year.
Wall Street Analyst Weigh In
SNAP has been the subject of a number of research analyst reports. Argus upgraded shares of Snap to a "hold" rating in a report on Thursday, August 8th. Wolfe Research assumed coverage on Snap in a report on Tuesday, July 16th. They issued a "peer perform" rating for the company. HSBC cut Snap from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. decreased their target price on Snap from $13.00 to $11.00 and set an "underweight" rating for the company in a research report on Friday, August 2nd. Finally, JMP Securities reissued a "market perform" rating on shares of Snap in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Snap has a consensus rating of "Hold" and an average target price of $13.87.
Get Our Latest Report on Snap
Institutional Trading of Snap
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in shares of Snap during the 2nd quarter worth about $33,000. Blue Trust Inc. boosted its position in Snap by 354.1% during the second quarter. Blue Trust Inc. now owns 2,157 shares of the company's stock worth $36,000 after purchasing an additional 1,682 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Snap in the second quarter valued at approximately $40,000. J.Safra Asset Management Corp lifted its position in shares of Snap by 534.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,766 shares of the company's stock valued at $46,000 after buying an additional 2,330 shares in the last quarter. Finally, JTC Employer Solutions Trustee Ltd acquired a new stake in Snap in the 1st quarter valued at $100,000. Institutional investors and hedge funds own 47.52% of the company's stock.
About Snap
(
Get Free Report)
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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