Somewhat Positive Press Coverage Somewhat Unlikely to Impact Snap (SNAP) Stock Price
News articles about Snap (NYSE:SNAP) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Snap earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.703426142505 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Snap Inc. (SNAP) CEO Evan Spiegel Sells 1,652,966 Shares (americanbankingnews.com)
- How to Trade the Snap Inc Oversold Bounce (investorplace.com)
- ESPN brings SportsCenter show to Snapchat – Yahoo Finance (finance.yahoo.com)
- Evan Spiegel’s Snap Has Spent $352.4 Million on Acquisitions in 2017 (inc.com)
- Here’s How Snap’s Spectacles Charge Was Broken Down (pantagraph.com)
Snap (NYSE:SNAP) opened at $12.57 on Wednesday. Snap has a 1-year low of $11.28 and a 1-year high of $29.44.
Snap (NYSE:SNAP) last released its quarterly earnings data on Tuesday, November 7th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.17. The business had revenue of $207.90 million during the quarter, compared to analysts’ expectations of $236.71 million. The company’s quarterly revenue was up 62.2% on a year-over-year basis. sell-side analysts forecast that Snap will post -3.04 EPS for the current fiscal year.
A number of research firms recently commented on SNAP. Vetr raised Snap from a “hold” rating to a “strong-buy” rating and set a $18.29 target price for the company in a report on Thursday, October 19th. Drexel Hamilton reissued a “buy” rating and issued a $30.00 price target on shares of Snap in a report on Thursday, September 14th. Cantor Fitzgerald reissued a “buy” rating and issued a $17.00 price target (up from $15.00) on shares of Snap in a report on Friday, September 15th. Royal Bank Of Canada reissued a “buy” rating and issued a $20.00 price target on shares of Snap in a report on Sunday, October 8th. Finally, Zacks Investment Research downgraded Snap from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Fifteen research analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have issued a buy rating to the company’s stock. Snap presently has an average rating of “Hold” and a consensus target price of $17.12.
WARNING: This article was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.watchlistnews.com/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-snap-snap-stock-price/1704005.html.
In other Snap news, CEO Evan Spiegel sold 1,652,966 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $12.42, for a total transaction of $20,529,837.72. Following the completion of the sale, the chief executive officer now directly owns 86,657,812 shares of the company’s stock, valued at approximately $1,076,290,025.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy Sehn sold 400,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $14.59, for a total value of $5,836,000.00. Following the sale, the vice president now directly owns 2,669,279 shares of the company’s stock, valued at $38,944,780.61. The disclosure for this sale can be found here. Insiders have sold a total of 3,390,840 shares of company stock worth $46,096,313 in the last 90 days.
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.
Receive News & Ratings for Snap Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.