Snap Inc. (NYSE:SNAP - Get Free Report) CEO Evan Spiegel sold 150,000 shares of Snap stock in a transaction on Monday, April 29th. The shares were sold at an average price of $14.35, for a total value of $2,152,500.00. Following the transaction, the chief executive officer now owns 3,477,844 shares of the company's stock, valued at approximately $49,907,061.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Evan Spiegel also recently made the following trade(s):
- On Thursday, February 8th, Evan Spiegel sold 150,000 shares of Snap stock. The shares were sold at an average price of $11.11, for a total value of $1,666,500.00.
Snap Price Performance
Shares of NYSE SNAP traded up $0.80 during mid-day trading on Wednesday, reaching $15.85. The company's stock had a trading volume of 46,856,614 shares, compared to its average volume of 32,582,055. The firm has a market capitalization of $26.16 billion, a PE ratio of -19.57 and a beta of 1.13. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.76 and a quick ratio of 4.39. The stock has a fifty day moving average of $11.51 and a two-hundred day moving average of $12.99. Snap Inc. has a 52 week low of $7.86 and a 52 week high of $17.90.
Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.24) by $0.10. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.12 billion. Snap had a negative return on equity of 46.62% and a negative net margin of 26.99%. As a group, sell-side analysts anticipate that Snap Inc. will post -0.58 EPS for the current fiscal year.
Hedge Funds Weigh In On Snap
Hedge funds have recently made changes to their positions in the business. NBC Securities Inc. boosted its stake in shares of Snap by 2,580.4% in the fourth quarter. NBC Securities Inc. now owns 1,501 shares of the company's stock worth $25,000 after acquiring an additional 1,445 shares during the period. Allworth Financial LP boosted its stake in Snap by 161.6% during the fourth quarter. Allworth Financial LP now owns 2,765 shares of the company's stock valued at $47,000 after buying an additional 1,708 shares during the last quarter. ICA Group Wealth Management LLC bought a new position in Snap during the fourth quarter valued at approximately $51,000. Rakuten Securities Inc. bought a new position in Snap during the fourth quarter valued at approximately $73,000. Finally, Westpac Banking Corp boosted its stake in Snap by 108.7% during the fourth quarter. Westpac Banking Corp now owns 4,812 shares of the company's stock valued at $81,000 after buying an additional 2,506 shares during the last quarter. Institutional investors own 47.52% of the company's stock.
Analyst Ratings Changes
A number of brokerages have issued reports on SNAP. Susquehanna lifted their price objective on Snap from $12.00 to $15.00 and gave the company a "neutral" rating in a research note on Monday. Truist Financial boosted their price target on Snap from $12.00 to $16.00 and gave the stock a "hold" rating in a research note on Friday, April 26th. Royal Bank of Canada boosted their price target on Snap from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Friday, April 26th. Wells Fargo & Company boosted their price target on Snap from $16.00 to $18.00 and gave the stock an "overweight" rating in a research note on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded Snap from a "hold" rating to a "buy" rating and boosted their price target for the stock from $10.00 to $19.00 in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $14.79.
Check Out Our Latest Stock Analysis on SNAP
Snap Company Profile
(
Get Free Report)
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.
Further Reading
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