Snap (SNAP) Earning Somewhat Favorable News Coverage, Analysis Finds

News articles about Snap (NYSE:SNAP) have trended somewhat positive this week, Accern reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Snap earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.9956441212585 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

A number of analysts have recently issued reports on the company. Pivotal Research reaffirmed a “sell” rating and issued a $10.00 price target on shares of Snap in a research note on Wednesday. Zacks Investment Research lowered Snap from a “hold” rating to a “sell” rating in a research note on Wednesday. Credit Suisse Group reaffirmed a “buy” rating and issued a $18.00 price target on shares of Snap in a research note on Tuesday. Jefferies Group lowered Snap from a “buy” rating to a “hold” rating and lifted their price target for the stock from $14.50 to $30.00 in a research note on Monday. Finally, Cowen lowered Snap from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $12.00 to $11.00 in a research note on Thursday, January 4th. Seventeen research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $17.23.

Shares of Snap (NYSE SNAP) traded down $0.05 during 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 has a twelve month low of $11.28 and a twelve month high of $29.44. The firm has a market cap of $17,580.00 and a price-to-earnings ratio of -4.59.

Snap (NYSE:SNAP) last announced its quarterly 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. Snap had a negative return on equity of 107.36% and a negative net margin of 463.16%. The business had revenue of $207.90 million for the quarter, compared to analyst estimates of $236.71 million. The company’s revenue for the quarter was up 62.2% on a year-over-year basis. research analysts forecast that Snap will post -3.04 earnings per share for the current year.

In related news, CEO Evan Spiegel sold 1,652,966 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $12.42, for a total value of $20,529,837.72. Following the sale, the chief executive officer now owns 86,657,812 shares in the company, valued at approximately $1,076,290,025.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew Vollero sold 70,566 shares of the business’s 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 disclosure for this sale can be found here. Insiders sold a total of 3,815,711 shares of company stock worth $50,490,018 in the last quarter.

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About Snap

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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