Snap Inc. (NYSE:SNAP) CAO Sells $22,604.80 in Stock

Snap Inc. (NYSE:SNAP) CAO Rebecca Morrow sold 2,560 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $8.83, for a total value of $22,604.80. Following the completion of the sale, the chief accounting officer now owns 427,332 shares in the company, valued at $3,773,341.56. The trade was a 0.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Rebecca Morrow also recently made the following trade(s):

• On Tuesday, February 18th, Rebecca Morrow sold 8,837 shares of Snap stock. The shares were sold at an average price of $10.84, for a total value of $95,793.08.

Snap Stock Performance

Shares of NYSE SNAP opened at $9.24 on Friday. 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’s fifty day moving average price is $10.44 and its two-hundred day moving average price is $10.77. Snap Inc. has a one year low of $8.29 and a one year high of $17.33. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of -21.99 and a beta of 0.92.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company cut Snap from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $15.00 to $11.00 in a research note on Wednesday, February 5th. BMO Capital Markets reiterated an “outperform” rating and set a $16.00 price objective (down previously from $18.00) on shares of Snap in a research note on Wednesday, January 15th. JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of Snap in a research note on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating and set a $640.00 price objective on shares of Snap in a research note on Thursday, December 5th. Finally, Bank of America upped their price objective on Snap from $14.00 to $14.50 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $36.87.

Institutional Trading of Snap

A number of institutional investors have recently modified their holdings of the stock. Capital World Investors lifted its position in shares of Snap by 38.9% during the 4th quarter. Capital World Investors now owns 84,137,317 shares of the company’s stock valued at $906,161,000 after acquiring an additional 23,569,522 shares during the period. SRS Investment Management LLC lifted its position in shares of Snap by 1.4% during the 4th quarter. SRS Investment Management LLC now owns 73,723,115 shares of the company’s stock valued at $793,998,000 after acquiring an additional 1,001,632 shares during the period. Capital International Investors bought a new stake in shares of Snap during the 4th quarter valued at $422,049,000. Geode Capital Management LLC lifted its position in shares of Snap by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 11,831,472 shares of the company’s stock valued at $127,078,000 after acquiring an additional 134,017 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Snap by 13.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,075,318 shares of the company’s stock valued at $76,201,000 after acquiring an additional 828,285 shares during the period. 47.52% of the stock is currently owned by institutional investors.

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.