Jacobs Levy Equity Management Inc. Has $37.06 Million Holdings in Snap Inc. (NYSE:SNAP)

Jacobs Levy Equity Management Inc. boosted its holdings in Snap Inc. (NYSE:SNAP - Free Report) by 30.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,441,259 shares of the company's stock after buying an additional 801,578 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.21% of Snap worth $37,062,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mountain Hill Investment Partners Corp. acquired a new stake in Snap in the fourth quarter valued at about $27,000. Comprehensive Financial Planning Inc. PA acquired a new stake in Snap in the fourth quarter valued at about $32,000. Osterweis Capital Management Inc. acquired a new stake in Snap in the fourth quarter valued at about $43,000. Blue Trust Inc. boosted its stake in Snap by 128.0% in the fourth quarter. Blue Trust Inc. now owns 4,370 shares of the company's stock valued at $47,000 after buying an additional 2,453 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in Snap in the fourth quarter valued at about $54,000. 47.52% of the stock is owned by institutional investors and hedge funds.

Snap Trading Up 1.9%

Shares of SNAP traded up $0.16 during mid-day trading on Friday, reaching $8.74. 30,896,660 shares of the company were exchanged, compared to its average volume of 28,751,446. Snap Inc. has a 52 week low of $7.08 and a 52 week high of $17.33. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95. The stock has a market capitalization of $14.60 billion, a PE ratio of -20.81 and a beta of 0.61. The business has a 50 day simple moving average of $8.48 and a two-hundred day simple moving average of $10.25.

Snap (NYSE:SNAP - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.12). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share. On average, analysts predict that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Snap news, SVP Eric Young sold 102,152 shares of Snap 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 $1,107,327.68. Following the completion of the sale, the senior vice president now directly owns 3,443,419 shares in the company, valued at approximately $37,326,661.96. The trade was a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Rebecca Morrow sold 8,837 shares of Snap 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 $95,793.08. Following the completion of the sale, the chief accounting officer now owns 429,892 shares of the company's stock, valued at approximately $4,660,029.28. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,632,116 shares of company stock worth $23,127,182. 22.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SNAP has been the topic of several research analyst reports. Piper Sandler reduced their price objective on Snap from $13.00 to $10.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Susquehanna reduced their price objective on Snap from $13.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company dropped their target price on Snap from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. The Goldman Sachs Group dropped their target price on Snap from $9.50 to $8.50 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, Cantor Fitzgerald set a $7.00 target price on Snap and gave the company a "neutral" rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, twenty-three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $35.62.

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.