Mitchell Lasky Sells 25,000 Shares of Snap Inc (SNAP) Stock

Snap Inc (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $13.03, for a total value of $325,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, June 19th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.08, for a total value of $327,000.00.
  • On Tuesday, June 12th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.64, for a total value of $341,000.00.
  • On Tuesday, June 5th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $12.80, for a total value of $320,000.00.
  • On Tuesday, May 29th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.59, for a total value of $264,750.00.
  • On Tuesday, May 22nd, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.75, for a total value of $268,750.00.
  • On Tuesday, May 15th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.62, for a total value of $265,500.00.
  • On Tuesday, May 8th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.97, for a total value of $274,250.00.
  • On Tuesday, May 1st, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.05, for a total value of $351,250.00.
  • On Tuesday, April 24th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.67, for a total value of $391,750.00.
  • On Tuesday, April 17th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $14.79, for a total value of $369,750.00.

Shares of Snap opened at $13.40 on Friday, according to MarketBeat Ratings. Snap Inc has a twelve month low of $10.50 and a twelve month high of $21.22. The firm has a market capitalization of $16.36 billion, a PE ratio of -6.44 and a beta of -2.79.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Tuesday, May 1st. The company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.16. Snap had a negative return on equity of 49.23% and a negative net margin of 179.04%. The business had revenue of $230.70 million during the quarter, compared to analysts’ expectations of $244.57 million. During the same period in the previous year, the firm posted ($2.31) earnings per share. The company’s revenue was up 54.2% on a year-over-year basis. sell-side analysts predict that Snap Inc will post -1.15 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Snap in the first quarter valued at $134,000. Aperio Group LLC acquired a new position in Snap during the 4th quarter worth $149,000. First Allied Advisory Services Inc. acquired a new position in Snap during the 4th quarter worth $152,000. Garde Capital Inc. acquired a new position in Snap during the 4th quarter worth $160,000. Finally, NEXT Financial Group Inc acquired a new position in Snap during the 1st quarter worth $163,000. 20.79% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on SNAP shares. Aegis reissued a “buy” rating and issued a $12.00 price objective (down from $18.00) on shares of Snap in a report on Tuesday, May 8th. Morgan Stanley raised their price objective on Snap from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Thursday, April 19th. CIBC reissued a “market perform” rating on shares of Snap in a report on Wednesday, May 2nd. Oppenheimer reissued a “market perform” rating and issued a $14.00 price objective on shares of Snap in a report on Wednesday, May 2nd. Finally, Jefferies Financial Group dropped their price objective on Snap to $14.00 and set a “hold” rating on the stock in a report on Wednesday, May 2nd. Eleven analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have given a buy rating to the company’s stock. Snap currently has an average rating of “Hold” and an average target price of $15.46.

About Snap

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.

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

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