Snap Inc. (NYSE:SNAP) Receives $36.87 Consensus Target Price from Analysts

Snap Inc. (NYSE:SNAP) has been given a consensus rating of “Hold” by the thirty-three analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, twenty-five have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $36.87.

A number of analysts have recently commented on the company. Citizens Jmp downgraded Snap from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Wells Fargo & Company downgraded Snap from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $15.00 to $11.00 in a research note on Wednesday, February 5th. JMP Securities reissued a “market outperform” rating and issued a $16.00 price objective on shares of Snap in a research note on Monday, January 27th. Bank of America lifted their target price on Snap from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $16.00 target price (down from $18.00) on shares of Snap in a report on Wednesday, January 15th.

Snap Stock Up 1.1 %

Shares of Snap stock opened at $9.33 on Monday. The business’s fifty day moving average price is $10.38 and its two-hundred day moving average price is $10.80. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.95 and a quick ratio of 3.95. The company has a market capitalization of $15.83 billion, a P/E ratio of -22.22 and a beta of 0.92. Snap has a 1-year low of $8.29 and a 1-year high of $17.33.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. As a group, research analysts forecast that Snap will post -0.3 EPS for the current year.

Insider Activity at Snap

In other news, CFO Derek Andersen sold 61,334 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total value of $664,860.56. Following the sale, the chief financial officer now directly owns 3,564,235 shares in the company, valued at approximately $38,636,307.40. This represents a 1.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Michael J. O’sullivan sold 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $10.84, for a total value of $195,120.00. Following the completion of the sale, the general counsel now owns 498,498 shares in the company, valued at approximately $5,403,718.32. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,350,523 shares of company stock worth $12,698,797 over the last three months. Company insiders own 22.68% of the company’s stock.

Institutional Investors Weigh In On Snap

Large investors have recently bought and sold shares of the business. Mountain Hill Investment Partners Corp. bought a new stake in Snap during the 4th quarter worth approximately $27,000. Advisors Asset Management Inc. boosted its position in Snap by 141.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock valued at $30,000 after buying an additional 1,632 shares during the last quarter. Raiffeisen Bank International AG bought a new position in Snap in the 4th quarter valued at $30,000. Comprehensive Financial Planning Inc. PA bought a new position in Snap in the 4th quarter valued at $32,000. Finally, Brooklyn Investment Group bought a new position in Snap in the 3rd quarter valued at $41,000. 47.52% of the stock is currently owned by institutional investors.

Snap Company Profile

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.