2 weeks Ago By ABMN Staff
Snap ( NYSE:SNAP – Get Free Report ) had its price target dropped by Stifel Nicolaus from $11.00 to $8.00 in a report issued on Wednesday, Benzinga reports.
The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential downside of 3.96% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the company. Barclays restated an “overweight” rating on shares of Snap in a report on Wednesday, February 5th. Piper Sandler cut their target price on shares of Snap from $13.
00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Morgan Stanley decreased their price target on shares of Snap from $10.
00 to $8.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company cut their price objective on shares of Snap from $11.
00 to $9.00 and set an “equal weight” rating on the stock in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co.
reduced their target price on Snap from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th.
One investment analyst has rated the stock with a sell rating, twenty-four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.
49. View Our Latest Analysis on SNAP Snap Price Performance Snap ( NYSE:SNAP – Get Free Report ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.
01 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.13).
Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%.
On average, sell-side analysts forecast that Snap will post -0.3 EPS for the current year. Insider Transactions at Snap In related news, General Counsel Michael J.
O’sullivan sold 24,000 shares of Snap stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $8.60, for a total value of $206,400.
00. Following the sale, the general counsel now owns 507,660 shares of the company’s stock, valued at approximately $4,365,876. The trade was a 4.
51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, CFO Derek Andersen sold 33,618 shares of the company’s stock in a transaction that occurred on Monday, March 17th.
The shares were sold at an average price of $8.83, for a total value of $296,846.94.
Following the completion of the transaction, the chief financial officer now owns 3,507,897 shares in the company, valued at approximately $30,974,730.51. The trade was a 0.
95 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 1,356,523 shares of company stock worth $12,710,077 in the last ninety days.
Company insiders own 22.68% of the company’s stock. Institutional Investors Weigh In On Snap Hedge funds and other institutional investors have recently added to or reduced their stakes in the company.
NBC Securities Inc. increased its stake in shares of Snap by 154,650.0% in the first quarter.
NBC Securities Inc. now owns 3,095 shares of the company’s stock worth $26,000 after purchasing an additional 3,093 shares in the last quarter. Mountain Hill Investment Partners Corp.
purchased a new position in Snap in the 4th quarter valued at approximately $27,000. Raiffeisen Bank International AG bought a new stake in Snap during the 4th quarter valued at $30,000. Rakuten Securities Inc.
raised its holdings in Snap by 155.4% during the 1st quarter. Rakuten Securities Inc.
now owns 3,489 shares of the company’s stock valued at $30,000 after acquiring an additional 2,123 shares during the period. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Snap in the fourth quarter worth $32,000.
47.52% of the stock is currently owned by institutional investors. About Snap ( Get Free Report ) Snap Inc operates as a technology company in North America, Europe, and internationally.
The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images. See Also Receive News & Ratings for Snap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap and related companies with MarketBeat.com's FREE daily email newsletter .
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