Snap Stock- Insider Selling: Snap Inc. (NYSE:SNAP) Director Sells 2,201 Shares of Stock
Snap Inc. (NYSE:SNAP) Director Joanna Coles sold 2,201 shares of the company’s stock in a transaction on Wednesday, April 14th. The shares were sold at an average price of $64.16, for a total transaction of $141,216.16. Following the completion of the sale, the director now directly owns 47,604 shares in the company, valued at $3,054,272.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Joanna Coles also recently made the following trade(s):
- On Monday, February 8th, Joanna Coles sold 2,438 shares of Snap stock. The shares were sold at an average price of $63.39, for a total transaction of $154,544.82.
NYSE:SNAP traded down $2.64 on Friday, reaching $61.25. 19,726,129 shares of the company’s stock were exchanged, compared to its average volume of 22,125,896. The company has a debt-to-equity ratio of 0.75, a current ratio of 5.43 and a quick ratio of 5.43. The firm has a market cap of $92.38 billion, a price-to-earnings ratio of -81.67 and a beta of 1.29. Snap Inc. has a 52 week low of $12.44 and a 52 week high of $73.59. The stock has a fifty day simple moving average of $58.74 and a 200-day simple moving average of $49.83.
Snap (NYSE:SNAP) last issued its earnings results on Thursday, February 4th. The company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). Snap had a negative net margin of 49.74% and a negative return on equity of 48.53%. The firm had revenue of $911.32 million during the quarter, compared to analyst estimates of $847.44 million. As a group, sell-side analysts predict that Snap Inc. will post -0.64 EPS for the current year.
A number of equities research analysts have recently commented on SNAP shares. Cowen upped their price objective on shares of Snap from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday. Susquehanna Bancshares increased their target price on shares of Snap from $40.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, February 5th. Atlantic Securities raised shares of Snap from a “neutral” rating to an “overweight” rating and set a $75.00 target price on the stock in a research note on Tuesday. MKM Partners increased their target price on shares of Snap from $65.00 to $83.00 in a research note on Wednesday, February 24th. Finally, Citigroup increased their target price on shares of Snap from $29.00 to $40.00 in a research note on Friday, February 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirty have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $67.00.
Hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in shares of Snap by 4.2% in the fourth quarter. Janus Henderson Group PLC now owns 18,669,408 shares of the company’s stock valued at $934,773,000 after acquiring an additional 755,676 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Snap by 145.7% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 212,249 shares of the company’s stock valued at $10,977,000 after purchasing an additional 125,875 shares in the last quarter. Parallel Advisors LLC raised its stake in Snap by 1,949.1% in the fourth quarter. Parallel Advisors LLC now owns 181,984 shares of the company’s stock valued at $9,112,000 after purchasing an additional 173,103 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in Snap in the fourth quarter valued at approximately $320,000. Finally, Must Asset Management Inc. purchased a new stake in Snap in the fourth quarter valued at approximately $1,926,000. Institutional investors own 47.52% of the company’s stock.
Snap Company Profile
Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application with functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures video from a human perspective; and advertising products, including AR and Snap ads.
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