Snap Inc. (NYSE:SNAP - Get Free Report) CTO Robert C. Murphy sold 1,000,000 shares of Snap stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $9.04, for a total value of $9,040,000.00. Following the completion of the transaction, the chief technology officer now owns 55,818,548 shares in the company, valued at $504,599,673.92. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Snap Stock Performance
SNAP opened at $8.37 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95. The company has a market cap of $14.19 billion, a PE ratio of -19.92 and a beta of 0.92. The stock has a 50-day moving average of $10.83 and a 200-day moving average of $10.80. Snap Inc. has a 52-week low of $8.29 and a 52-week high of $17.33.
Snap (NYSE:SNAP - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. As a group, equities research analysts forecast that Snap Inc. will post -0.3 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
SNAP has been the topic of a number of analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $640.00 price target on shares of Snap in a research note on Thursday, December 5th. Barclays reissued an "overweight" rating on shares of Snap in a research report on Wednesday, February 5th. Susquehanna upped their price target on shares of Snap from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Citigroup boosted their target price on shares of Snap from $13.00 to $13.50 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Finally, Bank of America raised their target price on Snap from $14.00 to $14.50 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Snap presently has a consensus rating of "Hold" and a consensus price target of $36.87.
Read Our Latest Analysis on SNAP
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. acquired a new position in Snap during the 4th quarter worth $27,000. Advisors Asset Management Inc. increased its stake in shares of Snap by 141.9% in the third quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company's stock worth $30,000 after purchasing an additional 1,632 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of Snap during the 4th quarter worth about $30,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Snap during the 4th quarter worth about $32,000. Finally, Brooklyn Investment Group bought a new stake in Snap during the 3rd quarter valued at approximately $41,000. 47.52% of the stock is currently owned by institutional investors and hedge funds.
Snap Company Profile
(
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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