Snap Inc. (NYSE:SNAP) CAO Rebecca Morrow Sells 8,837 Shares

Snap Inc. (NYSE:SNAP) CAO Rebecca Morrow sold 8,837 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now owns 429,892 shares in the company, valued at $4,660,029.28. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, December 16th, Rebecca Morrow sold 2,812 shares of Snap stock. The stock was sold at an average price of $11.44, for a total value of $32,169.28.
• On Tuesday, December 10th, Rebecca Morrow sold 32,000 shares of Snap stock. The shares were sold at an average price of $12.42, for a total transaction of $397,440.00.

Snap Price Performance

Shares of NYSE SNAP opened at $10.68 on Friday. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 1.47. Snap Inc. has a 1-year low of $8.29 and a 1-year high of $17.33. The business’s fifty day moving average price is $11.21 and its two-hundred day moving average price is $10.73.

Snap (NYSE:SNAP) last released its quarterly earnings data 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 return on equity of 25.67% and a negative net margin of 13.02%. On average, analysts anticipate that Snap Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SNAP has been the subject of a number of recent analyst reports. Bank of America boosted their target price on shares of Snap from $14.00 to $14.50 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Barclays restated an “overweight” rating on shares of Snap in a report on Wednesday, February 5th. Citigroup lifted their target price on Snap from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Piper Sandler restated a “neutral” rating and set a $13.00 price target (up from $12.00) on shares of Snap in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price objective on Snap from $12.00 to $13.50 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Snap has an average rating of “Hold” and an average price target of $36.87.

Institutional Investors Weigh In On Snap

A number of hedge funds have recently made changes to their positions in the business. Mountain Hill Investment Partners Corp. acquired a new stake in Snap in the 4th quarter valued at approximately $27,000. Advisors Asset Management Inc. grew its stake in shares of Snap by 141.9% in the third quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock worth $30,000 after purchasing an additional 1,632 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Snap during the fourth quarter valued at $30,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Snap during the fourth quarter valued at about $32,000. Finally, Brooklyn Investment Group acquired a new stake in Snap in the third quarter worth about $41,000. Institutional investors own 47.52% of the company’s stock.

About Snap

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.