Qsemble Capital Management LP Purchases New Holdings in Snap Inc. (NYSE:SNAP)

Qsemble Capital Management LP purchased a new stake in Snap Inc. (NYSE:SNAP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 78,582 shares of the company's stock, valued at approximately $1,330,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SNAP. NBC Securities Inc. increased its holdings 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 valued at $25,000 after purchasing an additional 1,445 shares in the last quarter. Allworth Financial LP grew its holdings in Snap by 161.6% during the 4th quarter. Allworth Financial LP now owns 2,765 shares of the company's stock worth $47,000 after acquiring an additional 1,708 shares during the period. Rakuten Securities Inc. acquired a new stake in Snap during the 4th quarter worth $73,000. Avantax Advisory Services Inc. acquired a new stake in Snap during the 3rd quarter worth $91,000. Finally, Jacobi Capital Management LLC acquired a new stake in Snap during the 3rd quarter worth $92,000. Institutional investors and hedge funds own 47.52% of the company's stock.

Insider Transactions at Snap

In other news, SVP Eric Young sold 120,472 shares of the business's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $11.13, for a total transaction of $1,340,853.36. Following the transaction, the senior vice president now directly owns 3,540,852 shares in the company, valued at approximately $39,409,682.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Eric Young sold 120,472 shares of the business's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $11.13, for a total transaction of $1,340,853.36. Following the transaction, the senior vice president now directly owns 3,540,852 shares in the company, valued at approximately $39,409,682.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Rebecca Morrow sold 2,442 shares of the business's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $11.00, for a total transaction of $26,862.00. Following the transaction, the chief accounting officer now owns 493,084 shares in the company, valued at $5,423,924. The disclosure for this sale can be found here. Insiders have sold 1,475,482 shares of company stock worth $20,101,811 in the last ninety days. Insiders own 22.68% of the company's stock.

Analyst Upgrades and Downgrades

SNAP has been the subject of a number of analyst reports. Piper Sandler lifted their target price on shares of Snap from $12.00 to $17.00 and gave the stock a "neutral" rating in a report on Wednesday, January 17th. Deutsche Bank Aktiengesellschaft raised shares of Snap from a "hold" rating to a "buy" rating and lifted their target price for the stock from $10.00 to $19.00 in a report on Friday, January 26th. UBS Group lowered their target price on shares of Snap from $14.00 to $13.00 and set a "neutral" rating for the company in a report on Tuesday, April 16th. Canaccord Genuity Group boosted their price target on shares of Snap from $14.00 to $15.00 and gave the company a "hold" rating in a report on Friday, April 26th. Finally, Rosenblatt Securities boosted their price target on shares of Snap from $12.00 to $14.00 and gave the company a "neutral" rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $14.79.

Snap Stock Down 3.3 %

NYSE:SNAP traded down $0.54 on Friday, hitting $16.01. 26,519,469 shares of the company's stock were exchanged, compared to its average volume of 43,291,544. The firm has a 50-day moving average price of $12.30 and a 200-day moving average price of $13.33. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.76 and a quick ratio of 3.76. Snap Inc. has a 52 week low of $8.28 and a 52 week high of $17.90. The company has a market cap of $26.27 billion, a P/E ratio of -19.77 and a beta of 1.02.

Snap (NYSE:SNAP - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.10. Snap had a negative net margin of 26.99% and a negative return on equity of 46.62%. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.12 billion. As a group, analysts expect that Snap Inc. will post -0.46 EPS for the current fiscal year.

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.

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