Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Snap (SNAP) Stock Price
Press coverage about Snap (NYSE:SNAP) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Snap earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.702371052006 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Dec 01, 2017 – Snap Inc (SNAP) CEO Evan Spiegel Sold $10.1 … – GuruFocus.com (gurufocus.com)
- Snap Inc (SNAP) CEO Evan Spiegel Sold $10.1 million of Shares (finance.yahoo.com)
- Head-To-Head Survey: Snap (SNAP) & Cheetah Mobile (CMCM) (americanbankingnews.com)
- Snap Inc. (SNAP) CEO Sells $10,081,606.69 in Stock (americanbankingnews.com)
- Spotify, Tencent And The Laws Of Unintended Consequences – Music Industry Blog (blog) (musicindustryblog.wordpress.com)
A number of research analysts recently commented on SNAP shares. Needham & Company LLC restated an “underperform” rating on shares of Snap in a research note on Thursday, October 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $20.00 price target on shares of Snap in a research note on Sunday, October 8th. BidaskClub cut Snap from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Morgan Stanley decreased their price target on Snap from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 23rd. Finally, Drexel Hamilton reissued a “buy” rating and issued a $30.00 price target on shares of Snap in a research note on Tuesday, September 5th. Fifteen equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have assigned a buy rating to the company’s stock. Snap has an average rating of “Hold” and a consensus price target of $16.98.
Snap (NYSE:SNAP) last announced its earnings results on Tuesday, November 7th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.17. The company had revenue of $207.90 million for the quarter, compared to analysts’ expectations of $236.71 million. The firm’s revenue for the quarter was up 62.2% compared to the same quarter last year. sell-side analysts anticipate that Snap will post -3.04 EPS for the current year.
In other news, VP Timothy Sehn sold 400,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $14.34, for a total transaction of $5,736,000.00. Following the completion of the sale, the vice president now directly owns 2,804,168 shares of the company’s stock, valued at $40,211,769.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Andrew Vollero sold 37,874 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $14.64, for a total value of $554,475.36. Following the sale, the chief financial officer now directly owns 1,797,644 shares of the company’s stock, valued at $26,317,508.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,151,851 shares of company stock valued at $55,221,124.
COPYRIGHT VIOLATION WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Snap (SNAP) Stock Price” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/12/02/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-snap-snap-stock-price.html.
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.
Receive News & Stock Ratings for Snap Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap Inc. and related stocks with our FREE daily email newsletter.