Inceptionr LLC Buys Shares of 13,466 Snap Inc. (NYSE:SNAP)

Inceptionr LLC purchased a new position in shares of Snap Inc. (NYSE:SNAP) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 13,466 shares of the company’s stock, valued at approximately $145,000.

Other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. raised its position in shares of Snap by 141.9% during the third quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock worth $30,000 after purchasing an additional 1,632 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Snap during the fourth quarter worth about $32,000. Brooklyn Investment Group acquired a new stake in shares of Snap during the third quarter worth about $41,000. Blue Trust Inc. raised its position in shares of Snap by 128.0% during the fourth quarter. Blue Trust Inc. now owns 4,370 shares of the company’s stock worth $47,000 after purchasing an additional 2,453 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in shares of Snap during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 47.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Guggenheim lowered Snap from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 11th. Citigroup increased their price objective on Snap from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of Snap in a report on Monday, January 27th. Citizens Jmp downgraded Snap from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Susquehanna increased their price objective on Snap from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $36.87.

Snap Stock Performance

NYSE:SNAP opened at $9.10 on Tuesday. The stock has a market cap of $15.43 billion, a P/E ratio of -21.66 and a beta of 0.92. The stock has a 50 day simple moving average of $10.94 and a 200 day simple moving average of $10.82. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.47. Snap Inc. has a 1-year low of $8.29 and a 1-year high of $17.33.

Snap (NYSE:SNAP) last released its quarterly earnings results 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%. Research analysts anticipate that Snap Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other Snap news, CFO Derek Andersen sold 17,789 shares of Snap stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $12.00, for a total value of $213,468.00. Following the completion of the transaction, the chief financial officer now directly owns 2,176,017 shares of the company’s stock, valued at $26,112,204. The trade was a 0.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Rebecca Morrow sold 2,812 shares of Snap stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.44, for a total value of $32,169.28. Following the completion of the transaction, the chief accounting officer now directly owns 430,252 shares of the company’s stock, valued at $4,922,082.88. This represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 449,168 shares of company stock valued at $4,993,679. Insiders own 22.68% of the company’s stock.

About Snap

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.