Snap Inc. (NYSE:SNAP – Get Free Report) SVP Eric Young sold 119,112 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $11.90, for a total transaction of $1,417,432.80. Following the completion of the sale, the senior vice president now owns 3,391,040 shares of the company’s stock, valued at $40,353,376. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Snap Stock Up 2.1 %
SNAP opened at $12.15 on Tuesday. The firm’s 50-day simple moving average is $9.65 and its 200-day simple moving average is $10.21. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.83 and a current ratio of 4.83. Snap Inc. has a twelve month low of $7.86 and a twelve month high of $13.89. The firm has a market cap of $20.00 billion, a price-to-earnings ratio of -14.19 and a beta of 1.20.
Snap (NYSE:SNAP – Get Free Report) last issued its quarterly earnings results on Tuesday, October 24th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.03. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.11 billion. Snap had a negative net margin of 29.99% and a negative return on equity of 44.24%. Equities research analysts anticipate that Snap Inc. will post -0.79 EPS for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
SNAP has been the subject of several research analyst reports. UBS Group cut their target price on shares of Snap from $14.00 to $12.00 in a research note on Wednesday, July 26th. Wells Fargo & Company cut their target price on shares of Snap from $9.00 to $8.00 in a research note on Friday, October 6th. China Renaissance upgraded shares of Snap from a “sell” rating to a “hold” rating and set a $9.00 target price for the company in a research note on Thursday, October 26th. HSBC initiated coverage on shares of Snap in a research note on Tuesday, September 26th. They set a “reduce” rating and a $7.50 target price for the company. Finally, Piper Sandler upped their target price on shares of Snap from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.52.
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.
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