Snap Inc (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $15.81, for a total value of $395,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Mitchell Lasky also recently made the following trade(s):

  • On Tuesday, December 12th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.92, for a total value of $398,000.00.
  • On Tuesday, December 5th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.79, for a total value of $369,750.00.
  • On Tuesday, November 28th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.41, for a total value of $335,250.00.
  • On Tuesday, November 21st, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $12.38, for a total value of $309,500.00.
  • On Tuesday, November 14th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $12.53, for a total value of $313,250.00.

Shares of Snap Inc (NYSE:SNAP) opened at $15.50 on Thursday. Snap Inc has a 52-week low of $11.28 and a 52-week high of $29.44.

Snap (NYSE:SNAP) last released its quarterly earnings results on Tuesday, November 7th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $207.90 million for the quarter, compared to analyst estimates of $236.71 million. The company’s revenue for the quarter was up 62.2% compared to the same quarter last year. research analysts expect that Snap Inc will post -3.04 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in shares of Snap by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 9,869 shares of the company’s stock valued at $175,000 after purchasing an additional 757 shares during the period. Private Advisor Group LLC lifted its stake in shares of Snap by 6.7% in the 2nd quarter. Private Advisor Group LLC now owns 22,293 shares of the company’s stock valued at $379,000 after purchasing an additional 1,393 shares during the period. WFG Advisors LP lifted its stake in shares of Snap by 52.4% in the 2nd quarter. WFG Advisors LP now owns 7,377 shares of the company’s stock valued at $131,000 after purchasing an additional 2,537 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Snap by 21.1% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 19,816 shares of the company’s stock valued at $352,000 after purchasing an additional 3,447 shares during the period. Finally, Rhumbline Advisers raised its stake in Snap by 22.9% during the 3rd quarter. Rhumbline Advisers now owns 22,900 shares of the company’s stock worth $333,000 after buying an additional 4,260 shares during the period. 18.88% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the company. Vetr upgraded Snap from a “hold” rating to a “buy” rating and set a $16.73 price objective for the company in a report on Wednesday. Canaccord Genuity restated a “hold” rating and issued a $15.00 price target on shares of Snap in a research note on Sunday, October 1st. Drexel Hamilton restated a “buy” rating and issued a $28.00 price target on shares of Snap in a research note on Friday, December 15th. BidaskClub upgraded Snap from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Aegis decreased their price target on Snap from $15.00 to $13.00 and set a “hold” rating for the company in a research note on Wednesday, November 8th. Sixteen research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.86.

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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.

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

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