Press coverage about Snap (NYSE:SNAP) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Snap earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.2228476631219 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
Snap (NYSE SNAP) traded down $0.06 during trading on Friday, reaching $17.45. 24,231,405 shares of the company’s stock traded hands, compared to its average volume of 34,620,000. The firm has a market cap of $21,010.00 and a price-to-earnings ratio of -5.82. Snap has a 1 year low of $11.28 and a 1 year high of $29.44.
Snap (NYSE:SNAP) last released its quarterly earnings data on Tuesday, February 6th. The company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.06. Snap had a negative net margin of 417.61% and a negative return on equity of 97.08%. The firm had revenue of $285.69 million for the quarter, compared to analyst estimates of $251.74 million. equities research analysts predict that Snap will post -1.17 earnings per share for the current fiscal year.
Several research analysts recently issued reports on SNAP shares. Morgan Stanley downgraded Snap from an “equal weight” rating to an “underweight” rating in a research report on Thursday, November 9th. Vetr cut shares of Snap from a “strong-buy” rating to a “buy” rating and set a $16.95 target price for the company. in a research note on Monday, October 30th. Credit Suisse Group reaffirmed a “buy” rating and issued a $18.00 target price on shares of Snap in a research note on Tuesday, January 9th. Pivotal Research reissued a “sell” rating and set a $8.00 price objective (down from $9.00) on shares of Snap in a research note on Wednesday, November 8th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Snap in a research note on Wednesday, November 29th. Fifteen research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.10.
In related news, Director Michael Lynton sold 29,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $17.45, for a total value of $506,050.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Michael J. O’sullivan sold 9,248 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $20.25, for a total transaction of $187,272.00. The disclosure for this sale can be found here. Insiders sold a total of 5,223,101 shares of company stock worth $92,651,763 over the last quarter.
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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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