Barclays PLC restated their sell rating on shares of Snap Inc (NYSE:SNAP) in a research report report published on Friday, April 14th.

A number of other research analysts have also recently issued reports on SNAP. Atlantic Securities initiated coverage on Snap in a research note on Tuesday, February 21st. They set a neutral rating for the company. Aegis initiated coverage on Snap in a research note on Tuesday, February 28th. They set a hold rating and a $22.00 price objective for the company. Pivotal Research initiated coverage on Snap in a research note on Thursday, March 2nd. They issued a sell rating and a $10.00 price target for the company. Nomura initiated coverage on Snap in a research note on Thursday, March 2nd. They issued a reduce rating and a $16.00 price target for the company. Finally, Instinet initiated coverage on Snap in a research note on Thursday, March 2nd. They issued a reduce rating and a $16.00 price target for the company. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $21.93.

Shares of Snap (NYSE:SNAP) traded down 1.18% during mid-day trading on Friday, reaching $20.03. 12,009,908 shares of the company’s stock traded hands. The company has a 50 day moving average of $21.28 and a 200 day moving average of $21.59. Snap has a 12 month low of $17.59 and a 12 month high of $29.44. The company’s market cap is $23.61 billion.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Wednesday, May 10th. The company reported ($2.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.05) by $0.26. The business had revenue of $149.60 million during the quarter, compared to analyst estimates of $158.32 million. Snap’s revenue was up 285.6% on a year-over-year basis. Analysts expect that Snap will post ($0.58) earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in shares of Snap during the first quarter valued at about $525,000. US Bancorp DE purchased a new position in shares of Snap during the first quarter valued at about $101,000. First Trust Advisors LP purchased a new position in shares of Snap during the first quarter valued at about $10,130,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Snap during the first quarter valued at about $2,837,000. Finally, Geneva Advisors LLC purchased a new position in shares of Snap during the first quarter valued at about $406,000.

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.

5 Day Chart for NYSE:SNAP

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