Snap Inc. (NYSE:SNAP – Get Free Report) General Counsel Michael J. O’sullivan sold 35,683 shares of Snap stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $11.90, for a total transaction of $424,627.70. Following the sale, the general counsel now owns 1,016,181 shares in the company, valued at approximately $12,092,553.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Snap Stock Up 2.1 %
Shares of SNAP stock traded up $0.25 on Monday, hitting $12.15. The stock had a trading volume of 14,544,627 shares, compared to its average volume of 28,033,219. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 1.50. The business has a 50 day moving average price of $9.65 and a 200 day moving average price of $10.21. The company has a market cap of $20.00 billion, a PE ratio of -14.19 and a beta of 1.20. Snap Inc. has a one year low of $7.86 and a one year high of $13.89.
Snap (NYSE:SNAP – Get Free Report) last released its quarterly earnings data on Tuesday, October 24th. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.03. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.11 billion. Snap had a negative return on equity of 44.24% and a negative net margin of 29.99%. Research analysts anticipate that Snap Inc. will post -0.79 earnings per share for the current fiscal year.
Institutional Trading of Snap
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Snap from $9.00 to $8.00 in a research report on Friday, October 6th. China Renaissance upgraded shares of Snap from a “sell” rating to a “hold” rating and set a $9.00 price target on the stock in a research report on Thursday, October 26th. UBS Group dropped their price objective on shares of Snap from $14.00 to $12.00 in a research note on Wednesday, July 26th. Piper Sandler lifted their price objective on shares of Snap from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, Citigroup lifted their price objective on shares of Snap from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, July 27th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.52.
Snap Company Profile
Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.
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