Snap Inc. (NYSE:SNAP - Get Free Report) CAO Rebecca Morrow sold 2,560 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $8.83, for a total value of $22,604.80. Following the sale, the chief accounting officer now owns 427,332 shares in the company, valued at approximately $3,773,341.56. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Rebecca Morrow also recently made the following trade(s):
- On Tuesday, February 18th, Rebecca Morrow sold 8,837 shares of Snap stock. The stock was sold at an average price of $10.84, for a total value of $95,793.08.
Snap Stock Performance
Shares of NYSE:SNAP opened at $8.73 on Wednesday. The firm has a market capitalization of $14.80 billion, a PE ratio of -20.77 and a beta of 0.92. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.95 and a quick ratio of 3.95. The business has a 50-day moving average of $10.56 and a two-hundred day moving average of $10.80. Snap Inc. has a 12 month low of $8.29 and a 12 month high of $17.33.
Snap (NYSE:SNAP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate 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, research analysts forecast that Snap Inc. will post -0.3 earnings per share for the current year.
Institutional Investors Weigh In On Snap
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Snap by 62.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,211,360 shares of the company's stock valued at $66,462,000 after buying an additional 2,386,519 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in shares of Snap in the third quarter valued at about $2,349,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Snap by 49.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,639,681 shares of the company's stock valued at $28,245,000 after buying an additional 879,212 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Snap in the fourth quarter valued at about $289,000. Finally, Holocene Advisors LP acquired a new stake in shares of Snap in the third quarter valued at about $3,436,000. 47.52% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have commented on SNAP shares. Needham & Company LLC reiterated a "buy" rating and set a $640.00 target price on shares of Snap in a research report on Thursday, December 5th. JMP Securities restated a "market outperform" rating and issued a $16.00 price objective on shares of Snap in a research report on Monday, January 27th. Citizens Jmp downgraded Snap from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Wells Fargo & Company downgraded Snap from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $15.00 to $11.00 in a research report on Wednesday, February 5th. Finally, Bank of America upped their price objective on Snap from $14.00 to $14.50 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $36.87.
View Our Latest Report on Snap
About Snap
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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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