Aegis reissued their hold rating on shares of Snap Inc (NYSE:SNAP) in a research note issued to investors on Friday morning. Aegis currently has a $22.00 price target on the stock.

Several other equities analysts have also recently issued reports on the company. Jefferies Group LLC reaffirmed a buy rating and issued a $30.00 price objective on shares of Snap in a research report on Monday, April 17th. Barclays PLC reaffirmed a sell rating on shares of Snap in a research report on Friday, April 14th. Summit Research reaffirmed a sell rating and issued a $17.00 price objective on shares of Snap in a research report on Tuesday, March 28th. Bank of America Corp began coverage on Snap in a research report on Monday, March 27th. They issued a neutral rating and a $25.00 price objective on the stock. Finally, CIBC reissued a market perform rating on shares of Snap in a report on Tuesday, March 28th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Snap presently has an average rating of Hold and a consensus price target of $21.93.

Analyst Recommendations for Snap (NYSE:SNAP)

Snap (NYSE:SNAP) opened at 20.53 on Friday. The stock has a 50 day moving average price of $21.03 and a 200-day moving average price of $21.49. Snap has a 12-month low of $17.59 and a 12-month high of $29.44. The company’s market cap is $24.20 billion. Snap also saw unusually large options trading on Monday. Traders acquired 35,051 put options on the stock. This represents an increase of approximately 542% compared to the average volume of 5,463 put options.

Snap (NYSE:SNAP) last released its quarterly earnings data on Wednesday, May 10th. The company reported ($2.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.05) by $0.26. The company had revenue of $149.60 million during the quarter, compared to analyst estimates of $158.32 million. The company’s revenue was up 285.6% compared to the same quarter last year. On average, analysts predict that Snap will post ($0.58) EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in SNAP. US Bancorp DE purchased a new stake in shares of Snap during the first quarter valued at about $101,000. WFG Advisors LP purchased a new stake in shares of Snap during the first quarter valued at about $109,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Snap during the first quarter valued at about $158,000. Pacer Advisors Inc. purchased a new stake in shares of Snap during the first quarter valued at about $205,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Snap during the first quarter valued at about $223,000.

About Snap

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.

12 Month Chart for NYSE:SNAP

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