Key Points
- Snap CFO Douglas Hott sold 15,000 shares at an average price of $5.02, worth $75,300. He retained 2,309,563 shares after the transaction; the sale reduced his holdings by 0.65%.
- Snap’s latest quarter showed revenue of $1.72 billion, up 14.3% year over year, but below analyst estimates of $1.73 billion. The company reported earnings of $0.03 per share.
- Analysts’ consensus rating is Hold, with an average price target of $7.31; shares traded at $5.25 in the article’s report.
Snap Inc. (NYSE:SNAP - Get Free Report) CFO Douglas Hott sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $5.02, for a total value of $75,300.00. Following the completion of the sale, the chief financial officer owned 2,309,563 shares in the company, valued at approximately $11,594,006.26. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Douglas Hott also recently made the following trade(s):
- On Monday, August 17th, Douglas Hott sold 131,884 shares of Snap stock. The stock was sold at an average price of $5.20, for a total value of $685,796.80.
Snap Stock Performance
SNAP stock traded up $0.03 during trading on Friday, reaching $5.25. 34,943,569 shares of the company's stock were exchanged, compared to its average volume of 43,049,000. Snap Inc. has a 1-year low of $3.81 and a 1-year high of $9.07. The firm has a market cap of $8.87 billion, a PE ratio of -58.27, a P/E/G ratio of 6.46 and a beta of 1.23. The company's fifty day moving average price is $5.71 and its 200-day moving average price is $5.34. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 1.52.
Snap (NYSE:SNAP - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.03 EPS for the quarter. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.73 billion. Snap had a negative return on equity of 7.10% and a negative net margin of 2.30%. The company's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company earned ($0.06) earnings per share. On average, research analysts expect that Snap Inc. will post 0.02 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on SNAP. Freedom Capital upgraded shares of Snap from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. UBS Group restated a "buy" rating on shares of Snap in a research report on Thursday, November 5th. Wells Fargo & Company boosted their price target on shares of Snap from $5.00 to $6.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 4th. Benchmark reaffirmed a "hold" rating on shares of Snap in a research note on Tuesday, August 4th. Finally, Guggenheim reiterated a "neutral" rating on shares of Snap in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Snap has an average rating of "Hold" and a consensus target price of $7.31.
Get Our Latest Stock Analysis on Snap
Institutional Investors Weigh In On Snap
Several hedge funds and other institutional investors have recently bought and sold shares of the business. FORA Capital LLC acquired a new stake in Snap in the 3rd quarter valued at about $90,000. EP Wealth Advisors LLC boosted its position in shares of Snap by 28.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 166,507 shares of the company's stock valued at $899,000 after purchasing an additional 36,676 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of Snap by 26.9% during the 3rd quarter. Pathstone Holdings LLC now owns 129,890 shares of the company's stock valued at $703,000 after purchasing an additional 27,555 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Snap by 3.0% in the 3rd quarter. Empowered Funds LLC now owns 429,437 shares of the company's stock worth $2,319,000 after purchasing an additional 12,571 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Snap in the 3rd quarter worth approximately $6,748,000. 47.52% of the stock is currently owned by institutional investors.
About Snap
(
Get Free Report)
Snap Inc. is a technology company best known for Snapchat, a mobile application for visual communication. The company's products and services help people share photos and videos, message friends, and explore content from creators and publishers. Snapchat features include Stories, Spotlight for short-form video, Snap Map, and augmented reality tools such as interactive Lenses. Snap also provides advertising solutions to businesses and develops camera-related products and services, including its Spectacles smart glasses and Snap AR platform.
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