Snap (NYSE: SNAP) has recently received a number of price target changes and ratings updates:

  • 8/23/2017 – Snap had its price target lowered by analysts at Morgan Stanley from $16.00 to $14.00. They now have an “equal weight” rating on the stock.
  • 8/22/2017 – Snap had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $15.00 price target on the stock.
  • 8/21/2017 – Snap was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $12.06 price target on the stock.
  • 8/17/2017 – Snap had its price target raised by analysts at Aegis from $14.00 to $15.00. They now have a “hold” rating on the stock.
  • 8/16/2017 – Snap was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Snap Inc. provides technology and social media services. The Company’s principal product Snapchat, is a camera application that helps people to communicate through short videos and images. Snap Inc. is headquartered in Venice, California. “
  • 8/15/2017 – Snap was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $12.38 price target on the stock.
  • 8/15/2017 – Snap was upgraded by analysts at Cantor Fitzgerald from a “neutral” rating to an “overweight” rating. They now have a $17.00 price target on the stock.
  • 8/15/2017 – Snap is now covered by analysts at SunTrust Banks, Inc.. They set a “sell” rating and a $10.00 price target on the stock.
  • 8/15/2017 – Snap had its “hold” rating reaffirmed by analysts at Argus.
  • 8/14/2017 – Snap was downgraded by analysts at Credit Suisse Group from a “buy” rating to a “neutral” rating. They now have a $17.00 price target on the stock, down previously from $25.00.
  • 8/14/2017 – Snap had its “neutral” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $10.00 price target on the stock, down previously from $12.00.
  • 8/14/2017 – Snap had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $12.00 price target on the stock, down previously from $19.00.
  • 8/14/2017 – Snap had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $15.00 price target on the stock, down previously from $17.00. They wrote, “Bulk of the lock-up has now expired. Snap’s lock-up expiration began on 7/29 and consisted of 400M shares on that date, 782M shares on 8/14, and 20M shares on 8/29 (per S3). Thus, much of the negative impact should now be behind the company.””
  • 8/11/2017 – Snap had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $13.00 price target on the stock, down previously from $18.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/11/2017 – Snap had its price target lowered by analysts at Jefferies Group LLC from $30.00 to $16.00. They now have a “buy” rating on the stock.
  • 8/11/2017 – Snap was downgraded by analysts at Monness Crespi & Hardt from a “buy” rating to a “neutral” rating.
  • 8/11/2017 – Snap had its price target lowered by analysts at Stifel Nicolaus from $22.00 to $18.00. They now have a “buy” rating on the stock.
  • 8/11/2017 – Snap had its price target lowered by analysts at Oppenheimer Holdings, Inc. to $16.00. They now have an “outperform” rating on the stock.
  • 8/11/2017 – Snap had its “hold” rating reaffirmed by analysts at Wells Fargo & Co.
  • 8/11/2017 – Snap had its “sell” rating reaffirmed by analysts at Summit Redstone. They now have a $8.00 price target on the stock, down previously from $10.00.
  • 8/11/2017 – Snap had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $15.00 price target on the stock, down previously from $22.00.
  • 8/11/2017 – Snap had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $23.00 price target on the stock, down previously from $27.00.
  • 8/11/2017 – Snap had its “neutral” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $12.50 price target on the stock, down previously from $16.50.
  • 8/11/2017 – Snap had its “neutral” rating reaffirmed by analysts at Bank of America Corporation. They now have a $17.00 price target on the stock, down previously from $20.00.
  • 8/10/2017 – Snap had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $13.00 price target on the stock, down previously from $19.00.
  • 8/9/2017 – Snap was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $13.84 price target on the stock.
  • 8/9/2017 – Snap had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $20.00 price target on the stock.
  • 8/9/2017 – Snap had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $30.00 price target on the stock.
  • 8/9/2017 – Snap had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $31.00 price target on the stock.
  • 8/7/2017 – Snap was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $13.95 price target on the stock.
  • 7/31/2017 – Snap was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $13.95 price target on the stock.
  • 7/27/2017 – Snap had its “sell” rating reaffirmed by analysts at Summit Redstone. They now have a $10.00 price target on the stock, down previously from $17.00.
  • 7/25/2017 – Snap was downgraded by analysts at Cleveland Research from a “buy” rating to a “neutral” rating.
  • 7/25/2017 – Snap was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $13.95 price target on the stock.
  • 7/22/2017 – Snap had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co.
  • 7/18/2017 – Snap was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $13.70 price target on the stock.
  • 7/17/2017 – Snap had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $30.00 price target on the stock.
  • 7/14/2017 – Snap was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $20.00 price target on the stock.
  • 7/14/2017 – Snap was downgraded by analysts at Cowen and Company from an “outperform” rating to a “market perform” rating. They now have a $26.00 price target on the stock, up previously from $21.00.
  • 7/13/2017 – Snap had its “sell” rating reaffirmed by analysts at Pivotal Research. They now have a $9.00 price target on the stock.
  • 7/13/2017 – Snap had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $18.00 price target on the stock.
  • 7/13/2017 – Snap was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock, up previously from $15.24. They wrote, “We view shares as a compelling risk / reward opportunity and upgrade SNAP shares to Buy from Hold. Our 12-month, DCF-based Price Target of $22 remains unchanged. We highlight our key points below in the attached presentation.””
  • 7/13/2017 – Snap had its “neutral” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $16.50 price target on the stock, down previously from $20.00.
  • 7/12/2017 – Snap had its “hold” rating reaffirmed by analysts at Aegis. They now have a $19.00 price target on the stock.
  • 7/12/2017 – Snap was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Snap Inc. provides technology and social media services. The Company’s principal product Snapchat, is a camera application that helps people to communicate through short videos and images. Snap Inc. is headquartered in Venice, California. “
  • 7/11/2017 – Snap had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $23.00 price target on the stock.
  • 7/11/2017 – Snap was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $16.00 price target on the stock.
  • 7/11/2017 – Snap had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $31.00 price target on the stock.
  • 7/11/2017 – Snap was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $15.60 price target on the stock.
  • 7/10/2017 – Snap had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $25.00 price target on the stock, down previously from $30.00. They wrote, “sometimes grow in fits and starts,” Ju argued. The longer-term picture is encouraging and the social media platform and hardware company will benefit from two themes: 1) better access to the younger demographic and 2) improving ROI/measurability.Moreover, at below $17 per share, Snap’s stock represents a favorable risk to reward profile with further downside potential of just 13 percent but upside potential of 45 percent, the analyst emphasized. Also important to keep in mind is the fact that approximately 711 million shares could come into the market after a standard lock-up period. As such, investors should expect higher levels of volatility in the near term.Bottom line, although Snap hasn’t demonstrated a “more comfortable growth path” it is still a “scarce asset”
  • 7/5/2017 – Snap had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $30.00 price target on the stock.
  • 7/3/2017 – Snap was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $17.51 price target on the stock.

Shares of Snap Inc. (NYSE SNAP) traded down 0.33% during mid-day trading on Wednesday, hitting $14.94. The stock had a trading volume of 11,862,063 shares. The firm has a 50 day moving average price of $14.14 and a 200-day moving average price of $18.70. Snap Inc. has a 12 month low of $11.28 and a 12 month high of $29.44. The stock’s market cap is $17.89 billion.

Snap (NYSE:SNAP) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by $0.07. The company had revenue of $181.70 million during the quarter, compared to the consensus estimate of $186.49 million. The firm’s revenue for the quarter was up 153.1% on a year-over-year basis. On average, equities research analysts forecast that Snap Inc. will post ($0.63) EPS for the current year.

In other Snap news, VP Timothy Sehn sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $15.00, for a total transaction of $2,250,000.00. Following the completion of the transaction, the vice president now owns 2,679,168 shares in the company, valued at $40,187,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew Vollero sold 195,100 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were 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 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. In the last quarter, insiders sold 1,295,724 shares of company stock valued at $17,473,887.

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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