Snap Inc. (NYSE:SNAP – Get Free Report) CAO Rebecca Morrow sold 1,017 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $11.90, for a total transaction of $12,102.30. Following the completion of the transaction, the chief accounting officer now directly owns 308,818 shares in the company, valued at $3,674,934.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Rebecca Morrow also recently made the following trade(s):
- On Monday, October 16th, Rebecca Morrow sold 6,980 shares of Snap stock. The shares were sold at an average price of $9.59, for a total transaction of $66,938.20.
- On Monday, September 18th, Rebecca Morrow sold 1,244 shares of Snap stock. The shares were sold at an average price of $8.87, for a total transaction of $11,034.28.
Snap Stock Up 2.1 %
SNAP stock traded up $0.25 during midday trading on Monday, reaching $12.15. 14,544,627 shares of the company’s stock traded hands, compared to its average volume of 28,033,219. The company has a market cap of $20.00 billion, a price-to-earnings ratio of -14.19 and a beta of 1.20. The firm’s fifty day moving average price is $9.65 and its 200-day moving average price is $10.21. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 1.50. Snap Inc. has a 52 week low of $7.86 and a 52 week high of $13.89.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on SNAP. Roth Mkm restated a “neutral” rating and issued a $10.00 price target on shares of Snap in a research note on Friday, October 13th. HSBC began coverage on shares of Snap in a research note on Tuesday, September 26th. They issued a “reduce” rating and a $7.50 price target on the stock. Rosenblatt Securities raised their price target on shares of Snap from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. China Renaissance upgraded shares of Snap from a “sell” rating to a “hold” rating and set a $9.00 target price on the stock in a research report on Thursday, October 26th. Finally, Wells Fargo & Company cut their target price on shares of Snap from $9.00 to $8.00 in a research report on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Snap currently has a consensus rating of “Hold” and a consensus target price of $10.52.
Institutional Trading of Snap
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Snap by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 66,340,585 shares of the company’s stock worth $2,387,598,000 after acquiring an additional 1,117,703 shares in the last quarter. SRS Investment Management LLC purchased a new position in shares of Snap in the 2nd quarter worth about $623,522,000. Capital World Investors boosted its holdings in shares of Snap by 25.7% in the 2nd quarter. Capital World Investors now owns 38,541,836 shares of the company’s stock worth $456,335,000 after buying an additional 7,888,448 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Snap by 31.3% in the 1st quarter. Two Sigma Advisers LP now owns 24,618,677 shares of the company’s stock worth $275,975,000 after buying an additional 5,874,300 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of Snap by 6.3% in the 1st quarter. Two Sigma Investments LP now owns 19,784,096 shares of the company’s stock worth $221,780,000 after buying an additional 1,165,973 shares during the last quarter. Institutional investors own 44.37% 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.
- Five stocks we like better than Snap
- How to Invest in Insurance Companies: A Guide
- The most upgraded stocks in November have two things in common
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Monday.com rocked earnings like it’s the weekend
- How to Invest in Cybersecurity
- Plan to own one retailer? Make it this one
Receive News & Ratings for Snap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap and related companies with MarketBeat.com's FREE daily email newsletter.