Snap Inc. (NYSE:SNAP) VP Lara Sweet sold 18,910 shares of the firm’s stock in a transaction on Thursday, April 19th. The shares were sold at an average price of $15.00, for a total transaction of $283,650.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Lara Sweet also recently made the following trade(s):
- On Monday, April 16th, Lara Sweet sold 10,388 shares of Snap stock. The shares were sold at an average price of $14.62, for a total transaction of $151,872.56.
- On Tuesday, February 20th, Lara Sweet sold 1,280 shares of Snap stock. The shares were sold at an average price of $18.88, for a total transaction of $24,166.40.
- On Friday, February 16th, Lara Sweet sold 863 shares of Snap stock. The shares were sold at an average price of $20.25, for a total transaction of $17,475.75.
Shares of NYSE:SNAP opened at $15.20 on Friday. Snap Inc. has a 52 week low of $11.28 and a 52 week high of $23.57. The firm has a market capitalization of $18,209.17 and a price-to-earnings ratio of -7.31.
Snap (NYSE:SNAP) last issued its quarterly earnings data on Tuesday, February 6th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. Snap had a negative net margin of 417.61% and a negative return on equity of 100.64%. The business had revenue of $285.69 million during the quarter, compared to analysts’ expectations of $251.74 million. sell-side analysts anticipate that Snap Inc. will post -1.17 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC boosted its stake in shares of Snap by 967.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,005 shares of the company’s stock worth $116,000 after purchasing an additional 7,255 shares during the period. Aperio Group LLC purchased a new position in shares of Snap during the 4th quarter worth about $149,000. First Allied Advisory Services Inc. purchased a new position in shares of Snap during the 4th quarter worth about $152,000. Garde Capital Inc. purchased a new position in shares of Snap during the 4th quarter worth about $160,000. Finally, Banco de Sabadell S.A purchased a new position in shares of Snap during the 4th quarter worth about $181,000. 18.56% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on the stock. Summit Redstone upgraded shares of Snap from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a research report on Wednesday, February 7th. Oppenheimer raised their price objective on shares of Snap from $14.00 to $19.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Vetr downgraded shares of Snap from a “strong-buy” rating to a “buy” rating and set a $22.73 price objective on the stock. in a research report on Thursday, February 8th. Aegis reiterated a “hold” rating and issued a $18.00 price target (up from $13.00) on shares of Snap in a report on Thursday, February 8th. Finally, Pivotal Research reiterated a “sell” rating and issued a $10.00 price target on shares of Snap in a report on Thursday, February 8th. Twelve investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Snap presently has a consensus rating of “Hold” and a consensus target price of $17.36.
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Snap Company Profile
Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows to creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps to surface the most interesting stories from publishers, creators, and the community, based on a user's subscriptions and interests.
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