Snap (NYSE:SNAP) CAO Rebecca Morrow Sells 3,175 Shares of Stock

Snap Inc. (NYSE:SNAP) CAO Rebecca Morrow sold 3,175 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $4.84, for a total transaction of $15,367.00. Following the completion of the sale, the chief accounting officer owned 463,507 shares of the company’s stock, valued at approximately $2,243,373.88. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Rebecca Morrow also recently made the following trade(s):

• On Tuesday, February 17th, Rebecca Morrow sold 16,499 shares of Snap stock. The shares were sold at an average price of $4.70, for a total transaction of $77,545.30.
• On Wednesday, December 17th, Rebecca Morrow sold 3,783 shares of Snap stock. The shares were sold at an average price of $7.34, for a total transaction of $27,767.22.
• On Tuesday, December 16th, Rebecca Morrow sold 3,090 shares of Snap stock. The shares were sold at an average price of $7.22, for a total value of $22,309.80.
• On Monday, December 15th, Rebecca Morrow sold 7,000 shares of Snap stock. The stock was sold at an average price of $7.33, for a total transaction of $51,310.00.

Snap Stock Up 3.1%

Snap stock traded up $0.15 during midday trading on Friday, hitting $5.15. The stock had a trading volume of 21,992,608 shares, compared to its average volume of 57,340,523. The company has a current ratio of 3.56, a quick ratio of 3.56 and a debt-to-equity ratio of 1.53. Snap Inc. has a 12 month low of $4.65 and a 12 month high of $10.80. The business has a fifty day moving average price of $7.07 and a 200 day moving average price of $7.54. The stock has a market cap of $8.70 billion, a P/E ratio of -19.06 and a beta of 0.83.

Snap (NYSE:SNAP) last posted its earnings results on Wednesday, February 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.70 billion. Snap had a negative return on equity of 20.72% and a negative net margin of 7.76%.Snap’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS. Research analysts predict that Snap Inc. will post -0.3 EPS for the current year.

Snap News Summary

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Analyst / commentary: A Seeking Alpha piece highlights accelerating monthly active user (MAU) growth as a potential upside catalyst for Snap, arguing that stronger user engagement could drive ad revenue upside if monetization follows usage gains. Snap: MAU Growth Creates Upside Catalyst
• Negative Sentiment: Analyst downgrade / price-target cut: Citi trimmed its price target for SNAP from $10 to $6 and kept a Neutral rating, citing persistent brand-advertising headwinds after Snap’s Q4 report — a sign analysts see limited near-term earnings/advertising recovery. Citi Lowers Snap PT to $6
• Negative Sentiment: Insider selling: Several senior Snap executives disclosed open-market sales on Feb 17–19 at roughly $4.70–$4.84: GC Zachary Briers sold 68,620 and 134,705 shares (two filings), CFO Derek Andersen sold 63,041 shares, CAO Rebecca Morrow sold 3,175 and 16,499 shares, and insider Ajit Mohan sold 119,339 shares. These trades reduced individual holdings by low single-digit percentages and totalled several hundred thousand dollars each — a near-term negative signal for investor sentiment (filings): Briers filings Mohan filing Andersen filing Morrow filings

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SNAP. Cantor Fitzgerald dropped their price target on shares of Snap from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. BMO Capital Markets upped their price objective on shares of Snap from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Susquehanna cut their target price on Snap from $9.00 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $8.00 price target on shares of Snap in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Snap from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.43.

Institutional Investors Weigh In On Snap

A number of institutional investors have recently modified their holdings of the stock. Allworth Financial LP increased its position in Snap by 92.3% in the 3rd quarter. Allworth Financial LP now owns 3,293 shares of the company’s stock worth $25,000 after buying an additional 1,581 shares during the period. Arax Advisory Partners lifted its holdings in shares of Snap by 220.0% during the 4th quarter. Arax Advisory Partners now owns 3,309 shares of the company’s stock worth $27,000 after acquiring an additional 2,275 shares during the period. V Square Quantitative Management LLC bought a new stake in Snap in the fourth quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its stake in shares of Snap by 561.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,618 shares of the company’s stock valued at $29,000 after purchasing an additional 3,071 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Snap in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 47.52% of the company’s stock.

About Snap

Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.

Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.