Analysts Set Snap Inc. (NYSE:SNAP) PT at $36.87

Snap Inc. (NYSE:SNAP) has been given an average rating of “Hold” by the thirty-three ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, twenty-five have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $36.87.

SNAP has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on Snap from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 5th. Susquehanna increased their price objective on Snap from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Citizens Jmp lowered Snap from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Citigroup increased their price objective on Snap from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $640.00 price objective on shares of Snap in a research note on Thursday, December 5th.

Snap Stock Up 1.1 %

Snap stock opened at $9.33 on Monday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of -22.22 and a beta of 0.92. Snap has a fifty-two week low of $8.29 and a fifty-two week high of $17.33. The stock’s fifty day moving average is $10.38 and its two-hundred day moving average is $10.80.

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

Insider Buying and Selling at Snap

In other news, CAO Rebecca Morrow sold 8,837 shares of Snap stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total value of $95,793.08. Following the completion of the transaction, the chief accounting officer now owns 429,892 shares in the company, valued at approximately $4,660,029.28. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Eric Young sold 102,152 shares of Snap stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total value of $1,107,327.68. Following the completion of the transaction, the senior vice president now owns 3,443,419 shares of the company’s stock, valued at approximately $37,326,661.96. The trade was a 2.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,350,523 shares of company stock worth $12,698,797 in the last 90 days. 22.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Snap by 62.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,211,360 shares of the company’s stock worth $66,462,000 after purchasing an additional 2,386,519 shares during the last quarter. Invenomic Capital Management LP bought a new stake in shares of Snap in the 3rd quarter worth approximately $2,349,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Snap by 49.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,639,681 shares of the company’s stock worth $28,245,000 after purchasing an additional 879,212 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Snap in the 4th quarter worth approximately $289,000. Finally, Holocene Advisors LP bought a new stake in shares of Snap in the 3rd quarter worth approximately $3,436,000. Institutional investors and hedge funds own 47.52% of the company’s stock.

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.