Michael J. O’sullivan Sells 14,183 Shares of Snap Inc. (NYSE:SNAP) Stock

Snap Inc. (NYSE:SNAP) General Counsel Michael J. O’sullivan sold 14,183 shares of Snap stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $8.83, for a total value of $125,235.89. Following the completion of the sale, the general counsel now owns 2,256,101 shares of the company’s stock, valued at $19,921,371.83. The trade was a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Snap Stock Up 3.7 %

NYSE SNAP opened at $9.06 on Thursday. The stock’s 50 day moving average is $10.56 and its 200 day moving average is $10.80. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.47. Snap Inc. has a 12 month low of $8.29 and a 12 month high of $17.33. The stock has a market cap of $15.36 billion, a PE ratio of -21.56 and a beta of 0.92.

Snap (NYSE:SNAP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. Research analysts predict that Snap Inc. will post -0.3 EPS for the current fiscal year.

Institutional Trading of Snap

A number of large investors have recently added to or reduced their stakes in SNAP. Mountain Hill Investment Partners Corp. bought a new stake in Snap in the 4th quarter worth approximately $27,000. Advisors Asset Management Inc. increased its stake in Snap by 141.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock worth $30,000 after acquiring an additional 1,632 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in Snap in the 4th quarter worth approximately $30,000. Comprehensive Financial Planning Inc. PA bought a new stake in Snap in the 4th quarter worth approximately $32,000. Finally, Brooklyn Investment Group bought a new stake in Snap in the 3rd quarter worth approximately $41,000. Institutional investors own 47.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Bank of America lifted their price objective on Snap from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Citizens Jmp cut Snap from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Susquehanna raised their target price on Snap from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Guggenheim cut Snap from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 11th. Finally, Barclays reissued an “overweight” rating on shares of Snap in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.87.

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.