Snap Inc (NYSE:SNAP) CFO Andrew Vollero sold 70,566 shares of Snap stock in a transaction on Monday, December 18th. The shares were sold at an average price of $16.09, for a total value of $1,135,406.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Snap Inc (SNAP) traded down $0.05 during midday trading on Thursday, hitting $14.60. The stock had a trading volume of 12,340,000 shares, compared to its average volume of 19,510,000. Snap Inc has a twelve month low of $11.28 and a twelve month high of $29.44. The stock has a market capitalization of $17,580.00 and a price-to-earnings ratio of -4.59.
Snap (NYSE:SNAP) last announced its earnings results on Tuesday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.17. The business had revenue of $207.90 million for the quarter, compared to analyst estimates of $236.71 million. Snap had a negative return on equity of 107.36% and a negative net margin of 463.16%. The firm’s revenue was up 62.2% on a year-over-year basis. equities research analysts predict that Snap Inc will post -3.04 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the company. Vetr upgraded Snap from a “strong sell” rating to a “hold” rating and set a $16.13 target price on the stock in a report on Friday, October 13th. Zacks Investment Research cut Snap from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Drexel Hamilton reiterated a “buy” rating and issued a $28.00 target price on shares of Snap in a report on Friday, December 15th. SunTrust Banks reiterated a “sell” rating and issued a $10.00 target price on shares of Snap in a report on Thursday, October 12th. Finally, Cowen cut Snap from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $12.00 to $11.00 in a report on Thursday, January 4th. Seventeen research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.23.
Institutional investors have recently made changes to their positions in the stock. WFG Advisors LP increased its holdings in Snap by 52.4% in the second quarter. WFG Advisors LP now owns 7,377 shares of the company’s stock valued at $131,000 after buying an additional 2,537 shares during the last quarter. First Manhattan Co. increased its holdings in Snap by 384.5% in the third quarter. First Manhattan Co. now owns 7,631 shares of the company’s stock valued at $110,000 after buying an additional 6,056 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in Snap in the second quarter valued at about $148,000. Northwestern Mutual Wealth Management Co. increased its holdings in Snap by 9,588.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,688 shares of the company’s stock valued at $172,000 after buying an additional 9,588 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Snap by 8.3% in the second quarter. Pacer Advisors Inc. now owns 9,869 shares of the company’s stock valued at $175,000 after buying an additional 757 shares during the last quarter. 18.88% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.dispatchtribunal.com/2018/01/11/snap-inc-snap-cfo-andrew-vollero-sells-70566-shares.html.
Snap Inc, formerly Snapchat, Inc, is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.
Receive News & Ratings for Snap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap and related companies with MarketBeat.com's FREE daily email newsletter.