RDA Financial Network Invests $123,000 in Snap Inc. (NYSE:SNAP)

RDA Financial Network bought a new stake in shares of Snap Inc. (NYSE:SNAP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,452 shares of the company’s stock, valued at approximately $123,000.

A number of other large investors have also recently added to or reduced their stakes in SNAP. Dimensional Fund Advisors LP lifted its holdings in shares of Snap by 19.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,018,678 shares of the company’s stock valued at $50,145,000 after purchasing an additional 490,906 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new stake in Snap during the second quarter valued at about $180,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Snap by 25.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 54,159 shares of the company’s stock worth $900,000 after buying an additional 10,891 shares during the period. Blair William & Co. IL acquired a new position in shares of Snap in the second quarter worth about $251,000. Finally, XTX Topco Ltd purchased a new position in shares of Snap in the second quarter worth approximately $858,000. 47.52% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Derek Andersen sold 94,164 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $11.44, for a total transaction of $1,077,236.16. Following the transaction, the chief financial officer now owns 2,193,806 shares of the company’s stock, valued at approximately $25,097,140.64. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Eric Young sold 112,020 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.55, for a total transaction of $1,181,811.00. Following the completion of the sale, the senior vice president now directly owns 2,791,048 shares of the company’s stock, valued at approximately $29,445,556.40. This trade represents a 3.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,451,618 shares of company stock valued at $17,560,157. 22.68% of the stock is owned by insiders.

Snap Stock Down 3.2 %

SNAP opened at $10.86 on Friday. The firm has a market cap of $18.21 billion, a P/E ratio of -18.72 and a beta of 0.98. 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 business has a 50 day moving average price of $11.53 and a 200 day moving average price of $11.36. Snap Inc. has a twelve month low of $8.29 and a twelve month high of $17.50.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Snap had a negative net margin of 18.49% and a negative return on equity of 35.60%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the company earned ($0.21) earnings per share. Snap’s revenue for the quarter was up 15.4% on a year-over-year basis. Research analysts forecast that Snap Inc. will post -0.39 EPS for the current year.

Analyst Ratings Changes

SNAP has been the subject of a number of recent analyst reports. Canaccord Genuity Group raised their price objective on shares of Snap from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on Snap from $12.00 to $13.50 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on Snap from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a $16.00 target price (down previously from $18.00) on shares of Snap in a research note on Wednesday. Finally, Piper Sandler reissued a “neutral” rating and issued a $13.00 price target (up from $12.00) on shares of Snap in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.99.

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.