Snap (SNAP) Upgraded to “Hold” at ValuEngine
ValuEngine upgraded shares of Snap (NYSE:SNAP) from a sell rating to a hold rating in a report released on Saturday.
A number of other equities research analysts also recently weighed in on the company. Morgan Stanley downgraded Snap from an equal weight rating to an underweight rating in a report on Thursday, November 9th. BidaskClub downgraded Snap from a hold rating to a sell rating in a report on Thursday, October 26th. Vetr downgraded Snap from a strong-buy rating to a buy rating and set a $16.95 target price for the company. in a report on Monday, October 30th. Credit Suisse Group reiterated a buy rating and issued a $18.00 target price on shares of Snap in a report on Tuesday, January 9th. Finally, Pivotal Research reiterated a sell rating and issued a $8.00 target price (down from $9.00) on shares of Snap in a report on Wednesday, November 8th. Fifteen investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $18.10.
Snap (SNAP) opened at $18.93 on Friday. The stock has a market capitalization of $22,800.00 and a PE ratio of -5.72. Snap has a 1 year low of $11.28 and a 1 year high of $29.44.
Hedge funds have recently bought and sold shares of the business. First Manhattan Co. boosted its position in Snap by 384.5% in the third quarter. First Manhattan Co. now owns 7,631 shares of the company’s stock worth $110,000 after purchasing an additional 6,056 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Snap by 967.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,005 shares of the company’s stock worth $116,000 after purchasing an additional 7,255 shares during the last quarter. WFG Advisors LP boosted its position in Snap by 52.4% in the second quarter. WFG Advisors LP now owns 7,377 shares of the company’s stock worth $131,000 after purchasing an additional 2,537 shares during the last quarter. Nelson Roberts Investment Advisors LLC boosted its position in Snap by 10,033.0% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 10,133 shares of the company’s stock worth $147,000 after purchasing an additional 10,033 shares during the last quarter. Finally, Aperio Group LLC purchased a new position in Snap in the fourth quarter worth $149,000. 18.24% of the stock is currently owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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