RBF Capital LLC Invests $431,000 in Snap Inc. (NYSE:SNAP)

RBF Capital LLC acquired a new stake in Snap Inc. (NYSE:SNAP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 40,000 shares of the company's stock, valued at approximately $431,000.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Snap by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,601,172 shares of the company's stock valued at $71,095,000 after purchasing an additional 389,812 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Snap in the 4th quarter valued at approximately $289,000. Bank of New York Mellon Corp grew its position in shares of Snap by 2.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,538,111 shares of the company's stock valued at $16,565,000 after buying an additional 29,526 shares during the last quarter. Empowered Funds LLC grew its position in shares of Snap by 3.1% in the 4th quarter. Empowered Funds LLC now owns 35,639 shares of the company's stock valued at $384,000 after buying an additional 1,055 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in shares of Snap in the 4th quarter valued at $158,000. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Citizens Jmp raised shares of Snap from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 28th. JPMorgan Chase & Co. lowered their price objective on shares of Snap from $10.00 to $8.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Guggenheim reissued a "neutral" rating on shares of Snap in a research report on Wednesday, April 2nd. Citigroup reissued an "outperform" rating on shares of Snap in a research report on Friday. Finally, Wells Fargo & Company lowered their price objective on shares of Snap from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Snap currently has a consensus rating of "Hold" and a consensus price target of $37.92.

Snap Stock Performance

NYSE SNAP traded up $0.28 during trading on Tuesday, hitting $9.11. The company's stock had a trading volume of 25,153,298 shares, compared to its average volume of 27,468,140. Snap Inc. has a 52 week low of $7.08 and a 52 week high of $17.33. The firm has a market cap of $15.46 billion, a P/E ratio of -21.66 and a beta of 0.92. The firm has a 50 day moving average price of $8.86 and a 200 day moving average price of $10.46. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.47.

Snap (NYSE:SNAP - Get Free Report) last announced 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%. Equities research analysts forecast that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Activity at Snap

In related news, General Counsel Michael J. O'sullivan sold 24,000 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $8.60, for a total value of $206,400.00. Following the completion of the sale, the general counsel now owns 507,660 shares in the company, valued at $4,365,876. This represents a 4.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Derek Andersen sold 61,334 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total transaction of $664,860.56. Following the completion of the transaction, the chief financial officer now directly owns 3,564,235 shares of the company's stock, valued at approximately $38,636,307.40. The trade was a 1.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,356,523 shares of company stock valued at $12,710,077 in the last 90 days. 22.68% of the stock is owned by corporate insiders.

Snap 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.