Snap Inc. (NYSE:SNAP) Director Sells $20,208.58 in Stock

Snap Inc. (NYSE:SNAP) Director Joanna Coles sold 1,666 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $12.13, for a total transaction of $20,208.58. Following the completion of the transaction, the director now directly owns 53,095 shares in the company, valued at $644,042.35. This represents a 3.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Joanna Coles also recently made the following trade(s):

• On Wednesday, October 30th, Joanna Coles sold 6,434 shares of Snap stock. The stock was sold at an average price of $12.00, for a total value of $77,208.00.

Snap Trading Down 1.4 %

Shares of NYSE:SNAP opened at $10.61 on Friday. The stock has a market capitalization of $17.79 billion, a price-to-earnings ratio of -18.28 and a beta of 0.99. Snap Inc. has a 1-year low of $8.29 and a 1-year high of $17.90. The company has a 50 day moving average price of $10.68 and a 200 day moving average price of $12.69. The company has a debt-to-equity ratio of 1.63, a quick ratio of 4.04 and a current ratio of 4.04.

Snap (NYSE:SNAP) last issued its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Snap had a negative return on equity of 35.60% and a negative net margin of 18.49%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the firm posted ($0.21) EPS. The company’s quarterly revenue was up 15.4% on a year-over-year basis. On average, research analysts anticipate that Snap Inc. will post -0.41 EPS for the current fiscal year.

Institutional Trading of Snap

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Snap by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 96,148,590 shares of the company’s stock valued at $1,103,786,000 after purchasing an additional 830,889 shares during the period. Capital World Investors lifted its stake in Snap by 0.8% in the 1st quarter. Capital World Investors now owns 46,272,273 shares of the company’s stock worth $531,206,000 after acquiring an additional 385,191 shares in the last quarter. Marshall Wace LLP lifted its stake in Snap by 587.3% in the 2nd quarter. Marshall Wace LLP now owns 14,667,597 shares of the company’s stock worth $243,629,000 after acquiring an additional 12,533,653 shares in the last quarter. Geode Capital Management LLC boosted its position in Snap by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 11,697,455 shares of the company’s stock worth $124,742,000 after acquiring an additional 575,324 shares during the period. Finally, Ossiam grew its stake in Snap by 7.1% during the 1st quarter. Ossiam now owns 11,334,804 shares of the company’s stock valued at $130,124,000 after acquiring an additional 751,846 shares in the last quarter. Institutional investors and hedge funds own 47.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup lowered their price objective on Snap from $16.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Loop Capital upped their price target on shares of Snap from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. UBS Group lifted their price objective on shares of Snap from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group upped their target price on shares of Snap from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Finally, Susquehanna dropped their price target on shares of Snap from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Snap presently has a consensus rating of “Hold” and an average target price of $14.31.

Snap Company Profile

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.