ValuEngine upgraded shares of Snap (NYSE:SNAP) from a sell rating to a hold rating in a research report sent to investors on Saturday, February 17th.
SNAP has been the topic of a number of other reports. Barclays raised shares of Snap from an equal weight rating to an overweight rating and upped their price objective for the company from $11.00 to $18.00 in a research note on Tuesday, December 5th. Bank of America raised shares of Snap from a neutral rating to a buy rating and set a $16.00 price objective on the stock in a research note on Wednesday, February 7th. Susquehanna Bancshares lowered shares of Snap from a neutral rating to a sell rating in a research note on Thursday, February 8th. Evercore ISI assumed coverage on shares of Snap in a research report on Tuesday, December 5th. They set an underperform rating and a $7.00 target price on the stock. Finally, Deutsche Bank reiterated a hold rating and set a $13.00 target price on shares of Snap in a research report on Monday, January 22nd. Fifteen equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have given a buy rating to the company. Snap has a consensus rating of Hold and an average target price of $17.99.
Snap (NYSE:SNAP) traded up $0.34 on Friday, reaching $17.85. 14,670,000 shares of the company’s stock were exchanged, compared to its average volume of 37,920,000. Snap has a 52-week low of $11.28 and a 52-week high of $24.40. The company has a market cap of $21,900.00 and a price-to-earnings ratio of -5.95.
In other Snap news, VP Lara Sweet sold 29,296 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $15.92, for a total transaction of $466,392.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mitchell Lasky sold 25,000 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $13.30, for a total transaction of $332,500.00. The disclosure for this sale can be found here. Insiders have sold 5,707,866 shares of company stock valued at $104,091,069 in the last quarter.
A number of large investors have recently modified their holdings of the business. Garde Capital Inc. bought a new position in Snap during the fourth quarter worth about $160,000. Cambridge Investment Research Advisors Inc. boosted its position in Snap by 23.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 66,632 shares of the company’s stock worth $973,000 after purchasing an additional 12,537 shares during the period. Banco de Sabadell S.A bought a new position in Snap during the fourth quarter worth about $181,000. Laurel Wealth Advisors Inc. bought a new position in Snap during the fourth quarter worth about $279,000. Finally, EMS Capital LP bought a new position in Snap during the fourth quarter worth about $41,200,000. Hedge funds and other institutional investors own 18.56% of the company’s stock.
Snap Company Profile
Snap Inc, formerly Snapchat, Inc, is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.