Snap Inc (NYSE:SNAP) CFO Andrew Vollero sold 70,566 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $16.09, for a total value of $1,135,406.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Snap Inc (NYSE SNAP) traded down $0.33 during midday trading on Wednesday, hitting $15.77. The company had a trading volume of 12,419,100 shares, compared to its average volume of 25,288,178. Snap Inc has a one year low of $11.28 and a one year high of $29.44.

Snap (NYSE:SNAP) last released its quarterly earnings results on Tuesday, November 7th. The company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.17. Snap had a negative return on equity of 107.36% and a negative net margin of 463.16%. The company had revenue of $207.90 million for the quarter, compared to analyst estimates of $236.71 million. The firm’s quarterly revenue was up 62.2% compared to the same quarter last year. research analysts predict that Snap Inc will post -3.04 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNAP. Coatue Management LLC boosted its holdings in Snap by 4.5% in the second quarter. Coatue Management LLC now owns 21,898,624 shares of the company’s stock worth $389,139,000 after acquiring an additional 940,900 shares in the last quarter. BlackRock Inc. boosted its holdings in Snap by 10.0% in the second quarter. BlackRock Inc. now owns 10,343,549 shares of the company’s stock worth $183,805,000 after acquiring an additional 936,791 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Snap by 23.7% in the second quarter. Vanguard Group Inc. now owns 8,353,729 shares of the company’s stock worth $148,446,000 after acquiring an additional 1,601,170 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Snap by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 7,650,826 shares of the company’s stock worth $110,556,000 after acquiring an additional 797,290 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Snap by 873.8% in the third quarter. First Trust Advisors LP now owns 5,884,101 shares of the company’s stock worth $85,555,000 after purchasing an additional 5,279,883 shares during the last quarter. Institutional investors own 18.88% of the company’s stock.

Several research analysts have recently weighed in on SNAP shares. Vetr upgraded Snap from a “hold” rating to a “strong-buy” rating and set a $18.29 price target for the company in a research note on Thursday, October 19th. Drexel Hamilton restated a “buy” rating and issued a $30.00 target price on shares of Snap in a research note on Thursday, September 14th. Morgan Stanley downgraded Snap from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 9th. Cantor Fitzgerald restated a “buy” rating and issued a $17.00 target price (up previously from $15.00) on shares of Snap in a research note on Friday, September 15th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $20.00 target price on shares of Snap in a research note on Sunday, October 8th. Sixteen analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eleven have issued a buy rating to the company’s stock. Snap currently has an average rating of “Hold” and a consensus price target of $16.86.

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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.

Insider Buying and Selling by Quarter for Snap (NYSE:SNAP)

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