B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 26,946 Snap Inc. (NYSE:SNAP)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Snap Inc. (NYSE:SNAP) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 26,946 shares of the company’s stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. GraniteShares Advisors LLC raised its position in shares of Snap by 2.5% during the 2nd quarter. GraniteShares Advisors LLC now owns 38,154 shares of the company’s stock worth $634,000 after buying an additional 941 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Snap by 4.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 26,998 shares of the company’s stock worth $448,000 after buying an additional 1,048 shares in the last quarter. Metis Global Partners LLC raised its position in shares of Snap by 6.9% during the 3rd quarter. Metis Global Partners LLC now owns 19,352 shares of the company’s stock worth $207,000 after buying an additional 1,255 shares in the last quarter. DMC Group LLC raised its position in shares of Snap by 10.5% during the 2nd quarter. DMC Group LLC now owns 15,583 shares of the company’s stock worth $259,000 after buying an additional 1,477 shares in the last quarter. Finally, Blue Trust Inc. raised its position 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 buying an additional 1,682 shares in the last quarter. 47.52% of the stock is owned by institutional investors and hedge funds.

Snap Stock Performance

Shares of SNAP opened at $11.59 on Tuesday. 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 company has a market capitalization of $19.44 billion, a PE ratio of -19.98 and a beta of 0.99. Snap Inc. has a 52 week low of $8.29 and a 52 week high of $17.90. The company’s 50 day moving average price is $10.85 and its 200 day moving average price is $12.44.

Snap (NYSE:SNAP) last posted its earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $1.37 billion during 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 revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.21) earnings per share. Research analysts expect that Snap Inc. will post -0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Eric Young sold 50,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $10.54, for a total value of $527,000.00. Following the completion of the sale, the senior vice president now directly owns 752,110 shares in the company, valued at approximately $7,927,239.40. The trade was a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Derek Andersen sold 97,608 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $9.29, for a total transaction of $906,778.32. Following the completion of the sale, the chief financial officer now owns 2,287,970 shares of the company’s stock, valued at $21,255,241.30. The trade was a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,406,709 shares of company stock valued at $16,615,487 over the last ninety days.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Snap from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, October 4th. Cantor Fitzgerald boosted their target price on shares of Snap from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. UBS Group boosted their target price on shares of Snap from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Truist Financial boosted their target price on shares of Snap from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, Citigroup dropped their target price on shares of Snap from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, twenty-two have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Snap has an average rating of “Hold” and a consensus target price of $14.31.

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.