Snap Inc (NYSE:SNAP) Director Sells $372,500.00 in Stock

Snap Inc (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $14.90, for a total transaction of $372,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Mitchell Lasky also recently made the following trade(s):

  • On Tuesday, January 9th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.11, for a total transaction of $352,750.00.
  • On Tuesday, December 26th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.96, for a total transaction of $374,000.00.
  • On Tuesday, December 19th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.81, for a total transaction of $395,250.00.
  • On Tuesday, December 12th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $15.92, for a total transaction of $398,000.00.
  • On Tuesday, December 5th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $14.79, for a total transaction of $369,750.00.
  • On Tuesday, November 28th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $13.41, for a total transaction of $335,250.00.
  • On Tuesday, November 21st, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $12.38, for a total transaction of $309,500.00.
  • On Tuesday, November 14th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $12.53, for a total transaction of $313,250.00.

Snap Inc (SNAP) traded up $0.55 during trading on Thursday, reaching $14.65. 14,695,300 shares of the company’s stock traded hands, compared to its average volume of 18,372,871. The firm has a market cap of $17,910.00 and a PE ratio of -4.61. Snap Inc has a 52-week low of $11.28 and a 52-week high of $29.44.

Snap (NYSE:SNAP) last released its earnings results on Tuesday, November 7th. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.17. The firm had revenue of $207.90 million for the quarter, compared to analysts’ expectations of $236.71 million. Snap had a negative net margin of 463.16% and a negative return on equity of 107.36%. The business’s revenue was up 62.2% on a year-over-year basis. sell-side analysts predict that Snap Inc will post -3.04 EPS for the current year.

SNAP has been the subject of a number of recent analyst reports. Drexel Hamilton reaffirmed a “buy” rating and set a $30.00 price target on shares of Snap in a report on Thursday, September 14th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $17.00 price target (up from $15.00) on shares of Snap in a report on Friday, September 15th. BidaskClub downgraded shares of Snap from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $14.00 price objective (down from $16.00) on shares of Snap in a research note on Monday, September 25th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $15.00 price objective on shares of Snap in a research note on Sunday, October 1st. 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. Snap currently has an average rating of “Hold” and an average target price of $17.23.

Institutional investors have recently added to or reduced their stakes in the business. WFG Advisors LP increased its stake in Snap by 52.4% during the 2nd 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 period. First Manhattan Co. increased its stake in Snap by 384.5% during the 3rd 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 period. Westwood Holdings Group Inc. acquired a new position in Snap during the 2nd quarter valued at about $148,000. Northwestern Mutual Wealth Management Co. increased its stake in Snap by 9,588.0% during the 2nd 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 period. Finally, Pacer Advisors Inc. increased its stake in Snap by 8.3% during the 2nd 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 period. 18.88% of the stock is currently owned by hedge funds and other institutional investors.

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Snap Company Profile

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.

Insider Buying and Selling by Quarter for Snap (NYSE:SNAP)

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