Snap Inc. (NYSE:SNAP) CAO Sells $32,169.28 in Stock

Snap Inc. (NYSE:SNAP) CAO Rebecca Morrow sold 2,812 shares of the company’s 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 transaction, the chief accounting officer now directly owns 430,252 shares in the company, valued at $4,922,082.88. This trade represents a 0.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rebecca Morrow also recently made the following trade(s):

• On Tuesday, December 10th, Rebecca Morrow sold 32,000 shares of Snap stock. The shares were sold at an average price of $12.42, for a total transaction of $397,440.00.
• On Monday, November 18th, Rebecca Morrow sold 11,154 shares of Snap stock. The stock was sold at an average price of $10.55, for a total transaction of $117,674.70.

Snap Stock Up 0.7 %

SNAP stock opened at $11.30 on Friday. The firm’s 50 day moving average price is $11.40 and its 200-day moving average price is $11.98. Snap Inc. has a one year low of $8.29 and a one year high of $17.75. The company has a debt-to-equity ratio of 1.63, a quick ratio of 4.04 and a current ratio of 4.04. The firm has a market cap of $18.95 billion, a PE ratio of -19.48 and a beta of 0.97.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Snap had a negative net margin of 18.49% and a negative return on equity of 35.60%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.21) EPS. On average, equities research analysts anticipate that Snap Inc. will post -0.4 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on SNAP shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $14.00 target price on shares of Snap in a report on Wednesday, September 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $640.00 target price on shares of Snap in a report on Thursday, December 5th. Wells Fargo & Company lowered their price objective on shares of Snap from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, October 4th. Bank of America boosted their price target on Snap from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Benchmark reaffirmed a “hold” rating on shares of Snap in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, twenty-two have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.10.

Hedge Funds Weigh In On Snap

Several hedge funds and other institutional investors have recently bought and sold shares of SNAP. V Square Quantitative Management LLC acquired a new stake in shares of Snap during the third quarter worth approximately $29,000. Paladin Wealth LLC acquired a new stake in shares of Snap in the third quarter valued at $30,000. Advisors Asset Management Inc. boosted its stake in shares of Snap by 141.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock worth $30,000 after acquiring an additional 1,632 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of Snap in the second quarter valued at $33,000. Finally, Blue Trust Inc. raised its stake in shares of Snap by 354.1% during the 2nd quarter. Blue Trust Inc. now owns 2,157 shares of the company’s stock worth $36,000 after purchasing an additional 1,682 shares in the last quarter. 47.52% of the stock is owned by institutional investors and hedge funds.

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.