Snap Inc. (NYSE:SNAP) CAO Sells $95,793.08 in Stock

Snap Inc. (NYSE:SNAP) CAO Rebecca Morrow sold 8,837 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total value of $95,793.08. Following the sale, the chief accounting officer now directly owns 429,892 shares of the company’s stock, valued at $4,660,029.28. This represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, December 16th, Rebecca Morrow sold 2,812 shares of Snap stock. The shares were sold at an average price of $11.44, for a total value of $32,169.28.
• 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 value of $397,440.00.

Snap Trading Down 3.1 %

Shares of NYSE SNAP opened at $10.35 on Friday. The business’s 50 day moving average is $11.19 and its two-hundred day moving average is $10.75. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.95 and a quick ratio of 3.95. Snap Inc. has a 1-year low of $8.29 and a 1-year high of $17.33. The stock has a market capitalization of $17.55 billion, a P/E ratio of -24.63 and a beta of 0.99.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate 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 expect that Snap Inc. will post -0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SNAP. Piper Sandler reissued a “neutral” rating and set a $13.00 price target (up previously from $12.00) on shares of Snap in a report on Wednesday, October 30th. Evercore ISI boosted their price objective on Snap from $12.00 to $15.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Truist Financial boosted their price objective on Snap from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. UBS Group boosted their price objective on Snap from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $16.00 price objective (down from $18.00) on shares of Snap in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.87.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Mountain Hill Investment Partners Corp. bought a new position in shares of Snap during the fourth quarter valued at approximately $27,000. Advisors Asset Management Inc. grew its stake in shares of Snap by 141.9% during the third 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 shares of Snap during the fourth quarter valued at approximately $30,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of Snap during the fourth quarter valued at approximately $32,000. Finally, Brooklyn Investment Group bought a new position in shares of Snap during the third quarter valued at approximately $41,000. Institutional investors own 47.52% of the company’s stock.

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.