Snap (SNAP) Expected to Announce Quarterly Earnings on Tuesday

Snap (NYSE:SNAP) is expected to be announcing its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $1.55 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Snap Stock Performance

SNAP stock opened at $11.31 on Monday. Snap has a twelve month low of $8.29 and a twelve month high of $17.50. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 1.63. The company has a market cap of $18.96 billion, a P/E ratio of -19.49 and a beta of 0.98. The business’s fifty day moving average is $11.53 and its 200-day moving average is $10.93.

Insider Transactions at Snap

In other news, General Counsel Michael J. O’sullivan sold 18,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $10.84, for a total value of $195,120.00. Following the completion of the sale, the general counsel now owns 498,498 shares of the company’s stock, valued at approximately $5,403,718.32. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Rebecca Morrow sold 11,154 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.55, for a total transaction of $117,674.70. Following the transaction, the chief accounting officer now directly owns 465,064 shares in the company, valued at approximately $4,906,425.20. This represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 427,184 shares of company stock worth $4,761,369. 22.68% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on SNAP. Wells Fargo & Company increased their target price on Snap from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $640.00 target price on shares of Snap in a research note on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $16.00 price objective on shares of Snap in a research note on Wednesday, October 30th. Benchmark reaffirmed a “hold” rating on shares of Snap in a research note on Friday, October 25th. Finally, Guggenheim reiterated a “buy” rating and set a $12.11 price objective on shares of Snap in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, twenty-two have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Snap currently has a consensus rating of “Hold” and a consensus target price of $36.99.

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.