Snap Inc (NYSE:SNAP) – Stock analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of Snap in a research report issued to clients and investors on Wednesday. Jefferies Group analyst B. Thill forecasts that the company will post earnings of ($0.33) per share for the quarter. Jefferies Group has a “Hold” rating and a $30.00 price objective on the stock. Jefferies Group also issued estimates for Snap’s Q3 2018 earnings at ($0.30) EPS and FY2018 earnings at ($1.27) EPS.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Snap from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Vetr raised Snap from a “hold” rating to a “strong-buy” rating and set a $18.29 price target on the stock in a research note on Thursday, October 19th. BidaskClub lowered Snap from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Wedbush reaffirmed a “hold” rating and set a $12.00 price target on shares of Snap in a research note on Friday, November 3rd. Finally, Royal Bank of Canada lowered Snap from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $20.00 to $15.00 in a research note on Wednesday, November 8th. Fourteen equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fifteen have issued a buy rating to the stock. Snap has a consensus rating of “Hold” and an average price target of $18.25.

Snap (SNAP) opened at $18.58 on Monday. The company has a market capitalization of $22,380.00 and a price-to-earnings ratio of -5.61. Snap has a one year low of $11.28 and a one year high of $29.44.

Several institutional investors have recently made changes to their positions in the business. Coatue Management LLC increased its holdings in shares of Snap by 16.1% in the fourth quarter. Coatue Management LLC now owns 27,390,619 shares of the company’s stock worth $400,176,000 after acquiring an additional 3,791,168 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Snap by 17.8% in the fourth quarter. BlackRock Inc. now owns 11,648,770 shares of the company’s stock worth $170,188,000 after acquiring an additional 1,762,106 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of 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. increased its holdings in shares of 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 increased its holdings in shares of Snap by 11.3% in the fourth quarter. First Trust Advisors LP now owns 6,546,551 shares of the company’s stock worth $95,645,000 after acquiring an additional 662,450 shares in the last quarter. Institutional investors own 18.98% of the company’s stock.

In other Snap news, CEO Evan Spiegel sold 739,663 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $13.63, for a total value of $10,081,606.69. Following the completion of the sale, the chief executive officer now directly owns 85,744,509 shares in the company, valued at $1,168,697,657.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Imran Khan sold 250,000 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $20.04, for a total value of $5,010,000.00. Following the completion of the sale, the insider now owns 9,755,173 shares of the company’s stock, valued at $195,493,666.92. The disclosure for this sale can be found here. Insiders sold 2,055,407 shares of company stock worth $30,396,178 in the last three months.

ILLEGAL ACTIVITY NOTICE: “Snap Inc Forecasted to Post Q1 2018 Earnings of ($0.33) Per Share (SNAP)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2018/02/14/snap-inc-forecasted-to-post-q1-2018-earnings-of-0-33-per-share-snap.html.

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.

Earnings History and Estimates for Snap (NYSE:SNAP)

Receive News & Ratings for Snap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap and related companies with MarketBeat.com's FREE daily email newsletter.