Snap Inc (SNAP) traded down $0.49 during trading on Friday, reaching $14.11.
A number of hedge funds have recently bought and sold shares of the stock.
Snap (NYSE:SNAP) last released its earnings results on Tuesday, November 7th. The company reported ($0.14) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.31) by $0.17. Snap had a negative return on equity of 107.36% and a negative net margin of 463.16%. The business had revenue of $207.90 million for the quarter, compared to analyst estimates of $236.71 million. The firm's quarterly revenue was up 62.2% on a year-over-year basis. equities analysts anticipate that Snap Inc will post -3.04 EPS for the current fiscal year. Drexel Hamilton reissued a "buy" rating and issued a $30.00 target price on shares of Snap in a research report on Wednesday, October 4th. JPMorgan Chase & Co. restated a neutral rating and set a $14.00 target price (down previously from $16.00) on shares of Snap in a research report on Monday, September 25th. Vetr upgraded shares of Snap from a "hold" rating to a "strong-buy" rating and set a $18.29 price target on the stock in a research note on Thursday, October 19th.
Shares of Snap (SNAP) were downgraded to a "Underperform" by stock analysts at Raymond James. (NYSE:SNAP) earned "Hold" rating by Jefferies on Monday, January 8. (NYSE:SNAP) news were published by: Fool.com which released: "Ignore Snap, Inc.: Here Are 2 Better Stocks" on January 04, 2018, also Investorplace.com with their article: "If You Thought 2017 Was Bad, 2018 Looks Uglier for Snap Inc" published on January 08, 2018, Seekingalpha.com published: "Snap: Last Chance To Survive?" on January 04, 2018. The shares were sold at an average price of $15.92, for a total value of $466,392.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. O'sullivan sold 10,016 shares of the firm's stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $14.11, for a total transaction of $352,750.00. The disclosure for this sale can be found here.
Several institutional investors have recently modified their holdings of SNAP. Finally, Bank of New York Mellon Corp lifted its stake in Snap by 57.2% in the second quarter. First Manhattan Co. now owns 7,631 shares of the company's stock worth $110,000 after buying an additional 6,056 shares during the last quarter. First Trust Advisors LP lifted its stake in Snap by 34.4% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 10,133 shares of the company's stock valued at $147,000 after buying an additional 10,033 shares during the last quarter. Following the completion of the transaction, the vice president now directly owns 2,669,279 shares in the company, valued at approximately $38,944,780.61. Moors & Cabot Inc. increased its stake in Snap by 95.7% in the 3rd quarter. California Public Employees Retirement System purchased a new position in Snap during the 3rd quarter valued at about $1,576,000. Northwestern Mutual Wealth Management Co. now owns 9,688 shares of the company's stock worth $172,000 after buying an additional 9,588 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. now owns 64,577 shares of the company's stock valued at $939,000 after purchasing an additional 21,262 shares during the period. Snap Inc has a 1 year low of $11.28 and a 1 year high of $29.44. The company has market cap of $16.99 billion. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & worldwide copyright laws.
Snap Inc, formerly Snapchat, Inc, is a camera company. It offers Snapchat, a camera application that helps people to communicate through short videos and images.