Susquehanna Fundamental Investments LLC Purchases Shares of 90,900 Snap Inc. (NYSE:SNAP)

Susquehanna Fundamental Investments LLC purchased a new stake in Snap Inc. (NYSE:SNAP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 90,900 shares of the company's stock, valued at approximately $979,000.

Other large investors also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. bought a new stake in shares of Snap in the fourth quarter valued at about $27,000. Comprehensive Financial Planning Inc. PA acquired a new position in Snap during the 4th quarter worth approximately $32,000. Osterweis Capital Management Inc. bought a new position in shares of Snap during the 4th quarter worth approximately $43,000. Blue Trust Inc. raised its holdings in shares of 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 purchasing an additional 2,453 shares during the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in shares of Snap in the fourth quarter worth $54,000. Institutional investors own 47.52% of the company's stock.

Snap Price Performance

NYSE:SNAP traded up $0.09 during mid-day trading on Monday, reaching $8.54. The stock had a trading volume of 43,951,183 shares, compared to its average volume of 28,450,108. Snap Inc. has a 12 month low of $7.08 and a 12 month high of $17.33. The stock has a market capitalization of $14.49 billion, a PE ratio of -20.33 and a beta of 0.61. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.95 and a quick ratio of 3.95. The stock has a 50-day simple moving average of $8.69 and a two-hundred day simple moving average of $10.39.

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

Insider Activity at Snap

In other news, SVP Eric Young sold 102,152 shares of Snap stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total transaction of $1,107,327.68. Following the transaction, the senior vice president now 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Derek Andersen sold 61,334 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total value of $664,860.56. Following the completion of the sale, the chief financial officer now owns 3,564,235 shares of the company's stock, valued at $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. In the last three months, insiders have sold 1,362,523 shares of company stock valued at $12,689,017. 22.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SNAP shares. Loop Capital set a $9.00 price target on shares of Snap in a research report on Friday. Royal Bank of Canada reissued a "sector perform" rating and set a $12.00 price target on shares of Snap in a research report on Wednesday, April 30th. Barclays reissued an "overweight" rating on shares of Snap in a report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their target price on shares of Snap from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, BMO Capital Markets cut their price target on shares of Snap from $16.00 to $13.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $35.58.

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.