News articles about Snap (NYSE:SNAP) have been trending somewhat negative on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Snap earned a coverage optimism score of -0.03 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.3852372473838 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

Several research firms have issued reports on SNAP. UBS AG raised shares of Snap from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $24.00 to $19.00 in a research report on Thursday, May 11th. Monness Crespi & Hardt lowered shares of Snap from a “buy” rating to a “neutral” rating in a research report on Friday, August 11th. Canaccord Genuity reaffirmed a “hold” rating and set a $15.00 price target (down from $22.00) on shares of Snap in a research report on Friday, August 11th. Stifel Nicolaus dropped their price target on shares of Snap from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, August 11th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $17.00 price target (down from $20.00) on shares of Snap in a research report on Friday, August 11th. Nine research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and thirteen have given a buy rating to the stock. Snap currently has an average rating of “Hold” and a consensus price target of $18.68.

Shares of Snap (NYSE:SNAP) traded up 2.98% during midday trading on Wednesday, reaching $13.12. 33,264,924 shares of the company’s stock were exchanged. Snap has a 12 month low of $11.28 and a 12 month high of $29.44. The company’s market cap is $8.96 billion. The firm has a 50 day moving average price of $14.71 and a 200 day moving average price of $18.97.

Snap (NYSE:SNAP) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.36) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by $0.07. The firm had revenue of $181.70 million during the quarter, compared to analysts’ expectations of $186.49 million. The company’s revenue was up 153.1% compared to the same quarter last year. Equities research analysts forecast that Snap will post ($0.63) earnings per share for the current fiscal year.

In other news, insider Imran Khan sold 150,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $12.50, for a total transaction of $1,875,000.00. Following the completion of the transaction, the insider now owns 9,596,464 shares of the company’s stock, valued at $119,955,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Vollero sold 195,100 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $12.50, for a total value of $2,438,750.00. Following the transaction, the chief financial officer now directly owns 1,882,280 shares of the company’s stock, valued at approximately $23,528,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 745,100 shares of company stock worth $9,313,750.

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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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