2 weeks Ago By Defense World Staff
Snap ( NYSE:SNAP – Get Free Report ) had its price target increased by investment analysts at Citigroup from $11.00 to $13.00 in a research report issued on Friday, Benzinga reports.
The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price points to a potential upside of 10.08% from the company’s previous close.
A number of other research analysts have also recently commented on SNAP. Roth Mkm reissued a “neutral” rating and issued a $14.00 target price on shares of Snap in a report on Wednesday, September 18th.
Hsbc Global Res lowered shares of Snap from a “strong-buy” rating to a “hold” rating in a report on Friday, August 2nd. B. Riley raised their price objective on shares of Snap from $11.
00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Argus upgraded shares of Snap to a “hold” rating in a report on Thursday, August 8th.
Finally, Bank of America raised their price objective on shares of Snap from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th.
One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.
33. Read Our Latest Stock Analysis on SNAP Snap Trading Up 1.7 % Snap ( NYSE:SNAP – Get Free Report ) last posted its earnings results on Tuesday, October 29th.
The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.
03. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.
36 billion. Snap had a negative net margin of 18.49% and a negative return on equity of 35.
60%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year.
During the same quarter in the prior year, the business earned ($0.21) earnings per share. Analysts predict that Snap will post -0.
4 EPS for the current fiscal year. Insider Activity In other Snap news, Director Joanna Coles sold 6,434 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $12.
00, for a total transaction of $77,208.00. Following the completion of the sale, the director now owns 54,761 shares in the company, valued at approximately $657,132.
The trade was a 10.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website .
Also, CTO Robert C. Murphy sold 1,000,000 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $12.
50, for a total transaction of $12,500,000.00. Following the sale, the chief technology officer now owns 57,210,989 shares of the company’s stock, valued at $715,137,362.
50. This trade represents a 1.72 % decrease in their position.
The disclosure for this sale can be found here . Insiders sold 1,388,709 shares of company stock worth $16,448,087 in the last quarter. 22.
68% of the stock is owned by corporate insiders. Institutional Trading of Snap Hedge funds and other institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in Snap during the 3rd quarter worth $29,000.
Paladin Wealth LLC purchased a new position in Snap during the 3rd quarter worth $30,000. Advisors Asset Management Inc. boosted its holdings in Snap by 141.
9% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock worth $30,000 after acquiring an additional 1,632 shares during the last quarter.
Hollencrest Capital Management purchased a new position in Snap during the 2nd quarter worth $33,000. Finally, Blue Trust Inc. boosted its holdings in Snap by 354.
1% during the 2nd quarter. Blue Trust Inc. now owns 2,157 shares of the company’s stock worth $36,000 after acquiring an additional 1,682 shares during the last quarter.
Institutional investors own 47.52% of the company’s stock. Snap Company Profile ( Get Free Report ) 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. See Also Five stocks we like better than Snap What Are Some of the Best Large-Cap Stocks to Buy? ServiceNow: Will the High-Flyer Finally Split in 2024? What Does Downgrade Mean in Investing? MarketBeat Week in Review – 11/25 – 11/29 The Significance of Brokerage Rankings in Stock Selection These 3 Stocks Are Heavy Hitters in Alternative Asset Management 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 .
.
