Press coverage about Snap (NYSE:SNAP) has trended somewhat positive on Saturday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Snap earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.9956441212585 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
A number of research firms recently issued reports on SNAP. Pivotal Research reissued a “sell” rating and issued a $10.00 price objective on shares of Snap in a report on Wednesday, January 10th. Aegis lowered their price target on shares of Snap from $15.00 to $13.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. Deutsche Bank reaffirmed a “hold” rating and set a $13.00 price target on shares of Snap in a report on Monday, January 22nd. Zacks Investment Research downgraded shares of Snap from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Finally, Barclays reduced their price objective on shares of Snap from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 8th. Seventeen research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Snap has an average rating of “Hold” and a consensus price target of $17.23.
Snap (NYSE SNAP) opened at $13.71 on Friday. Snap has a 52-week low of $11.28 and a 52-week high of $29.44. The stock has a market capitalization of $16,510.00 and a P/E ratio of -4.31.
Snap (NYSE:SNAP) last announced its earnings results on Tuesday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm 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% compared to the same quarter last year. analysts expect that Snap will post -3.03 earnings per share for the current year.
In other Snap news, VP Steven Michael Horowitz sold 286,332 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $12.54, for a total value of $3,590,603.28. Following the transaction, the vice president now owns 2,532,598 shares in the company, valued at approximately $31,758,778.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Evan Spiegel sold 1,652,966 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 86,657,812 shares of the company’s stock, valued at $1,076,290,025.04. The disclosure for this sale can be found here. Insiders sold a total of 3,513,592 shares of company stock worth $45,994,369 in the last 90 days.
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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.
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