Snap Inc. (NYSE:SNAP) General Counsel Sells $206,820.00 in Stock

Snap Inc. (NYSE:SNAP) General Counsel Michael J. O’sullivan sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $11.49, for a total value of $206,820.00. Following the completion of the sale, the general counsel now owns 480,498 shares of the company’s stock, valued at $5,520,922.02. The trade was a 3.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Snap Stock Down 1.0 %

SNAP stock traded down $0.12 during midday trading on Monday, hitting $11.18. The company’s stock had a trading volume of 56,148,722 shares, compared to its average volume of 29,795,260. The company has a market cap of $18.74 billion, a PE ratio of -19.27 and a beta of 0.98. The firm’s 50-day moving average is $11.53 and its 200-day moving average is $10.93. Snap Inc. has a 12 month low of $8.29 and a 12 month high of $17.50. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 1.63.

Institutional Investors Weigh In On Snap

Several large investors have recently bought and sold shares of SNAP. V Square Quantitative Management LLC purchased a new position in Snap in the third quarter worth about $29,000. Paladin Wealth LLC bought a new position in shares of Snap in the 3rd quarter worth approximately $30,000. Advisors Asset Management Inc. boosted its holdings in shares of Snap by 141.9% in the third quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock worth $30,000 after buying an additional 1,632 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in Snap during the fourth quarter valued at approximately $32,000. Finally, Brooklyn Investment Group bought a new stake in Snap during the third quarter valued at approximately $41,000. 47.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Snap from $12.00 to $13.50 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Evercore ISI increased their target price on shares of Snap from $12.00 to $15.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Truist Financial boosted their price target on Snap from $13.00 to $14.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Stifel Nicolaus lowered their price target on Snap from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Monday, October 14th. Finally, Guggenheim reiterated a “buy” rating and issued a $12.11 price objective on shares of Snap in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, twenty-two have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.