Snap Inc (NYSE:SNAP) VP Jerry James Hunter sold 39,943 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $14.90, for a total value of $595,150.70. Following the transaction, the vice president now owns 1,700,678 shares in the company, valued at approximately $25,340,102.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Jerry James Hunter also recently made the following trade(s):

  • On Monday, June 17th, Jerry James Hunter sold 70,702 shares of Snap stock. The shares were sold at an average price of $13.74, for a total value of $971,445.48.
  • On Thursday, May 16th, Jerry James Hunter sold 68,256 shares of Snap stock. The shares were sold at an average price of $11.34, for a total value of $774,023.04.
  • On Monday, May 20th, Jerry James Hunter sold 107,370 shares of Snap stock. The shares were sold at an average price of $11.32, for a total value of $1,215,428.40.
  • On Tuesday, April 16th, Jerry James Hunter sold 8,770 shares of Snap stock. The shares were sold at an average price of $11.72, for a total value of $102,784.40.
  • On Thursday, April 18th, Jerry James Hunter sold 17,494 shares of Snap stock. The shares were sold at an average price of $11.50, for a total value of $201,181.00.

Shares of NYSE SNAP opened at $14.56 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.75 and a quick ratio of 4.75. The stock has a market capitalization of $19.51 billion, a price-to-earnings ratio of -15.01 and a beta of 0.84. Snap Inc has a fifty-two week low of $4.82 and a fifty-two week high of $15.00.

Snap (NYSE:SNAP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). The business had revenue of $320.43 million during the quarter, compared to analyst estimates of $306.28 million. Snap had a negative return on equity of 47.71% and a negative net margin of 92.94%. Snap’s revenue was up 38.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.17) EPS. On average, equities analysts anticipate that Snap Inc will post -0.76 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Gilder Gagnon Howe & Co. LLC increased its position in shares of Snap by 5,462.3% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 145,175 shares of the company’s stock valued at $1,600,000 after buying an additional 142,565 shares in the last quarter. B. Riley Wealth Management Inc. increased its position in shares of Snap by 51.5% during the first quarter. B. Riley Wealth Management Inc. now owns 44,798 shares of the company’s stock worth $494,000 after purchasing an additional 15,234 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Snap during the first quarter worth approximately $8,059,000. Marshall Wace LLP purchased a new stake in shares of Snap during the first quarter worth approximately $406,000. Finally, KCL Capital L.P. purchased a new stake in shares of Snap during the first quarter worth approximately $12,122,000. 26.08% of the stock is owned by institutional investors and hedge funds.

SNAP has been the topic of several analyst reports. Royal Bank of Canada upgraded Snap from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $10.00 to $17.00 in a research note on Friday, April 5th. Barclays lifted their target price on Snap from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. UBS Group lifted their target price on Snap from $6.00 to $8.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. BTIG Research upgraded Snap from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Thursday, March 14th. Finally, Canaccord Genuity lifted their target price on Snap from $9.50 to $13.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have assigned a buy rating to the stock. Snap presently has a consensus rating of “Hold” and a consensus price target of $11.18.

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 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 surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.

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