Published: Mon, April 16, 2018
Research | By Jody Lindsey

Snap Inc (SNAP) Receives Average Rating of "Hold" from Analysts


The stock was sold at an average price of $17.45, for a total value of $506,050.00.

Shares of Snap Inc (NYSE:SNAP) have been assigned an average recommendation of "Hold" from the forty-five ratings firms that are now covering the firm, Marketbeat reports. In a transaction dated March 27, 2018, the shares were put up for sale at an average price of $16.34, raking in a sum of $408,500. The brokerage set a "sell" rating and a $15.00 price target on the stock.

On Tuesday, March 13th, Mitchell Lasky sold 25,000 shares of Snap stock.

In the transaction dated March 20, 2018, the great number of shares disposed came courtesy the Director; Lasky Mitchell disposed a total of 25,000 shares at an average price of $15.96, amounting to approximately $399,000. Also, Director Mitchell Lasky sold 25,000 shares of the company's stock in a transaction dated Tuesday, April 10th.

On Tuesday, February 13th, Mitchell Lasky sold 25,000 shares of Snap stock.

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The stock decreased 0.27% or $0.04 during the last trading session, reaching $14.88. The company has market cap of $18.26 billion. BTC Capital Management Inc. increased its position in Snap by 5.5% during the 4th quarter. The company reported ($0.27) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.33) by $0.06. The company had revenue of $285.69 million during the quarter, compared to analyst estimates of $251.74 million. Snap had a negative net margin of 417.61% and a negative return on equity of 100.64%. research analysts anticipate that Snap Inc. will post -1.17 EPS for the current fiscal year. With 16.00M shares average volume, it will take short sellers 7 days to cover their SNAP's short positions. Coatue Management LLC now owns 27,390,619 shares of the company's stock worth $400,176,000 after purchasing an additional 3,791,168 shares during the last quarter. Aperio Group LLC purchased a new position in shares of Snap during the 4th quarter worth $149,000. Snap has a one year low of $18.90 and a one year high of $29.44. The insider now directly owns 2,485,023 shares worth $36,977,142. Finally, Banco de Sabadell S.A purchased a new position in shares of Snap during the 4th quarter worth $181,000.

SNAP has been the subject of a number of research analyst reports. Vetr upgraded shares of Snap from a hold rating to a buy rating and set a $16.73 price objective on the stock in a research report on Wednesday, December 20th. Snap Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Lasky Mitchell has sold 25,000 shares of Snap Inc. About 18.06 million shares traded. Jefferies Group lowered shares of Snap from a buy rating to a hold rating and boosted their price objective for the stock from $14.50 to $30.00 in a research report on Monday, January 8th.

Among 17 analysts covering Snap Inc (NYSE:SNAP), 4 have Buy rating, 6 Sell and 7 Hold. Aegis Capital maintained it with "Hold" rating and $13.0 target in Wednesday, November 8 report.

TRADEMARK VIOLATION NOTICE: "Snap Inc". If you are reading this story on another website, it was illegally copied and republished in violation of USA and worldwide trademark & copyright legislation. The Manufacturers Life Insurance Company increased its position in Snap by 12.4% during the 4th quarter. Our flagship product, Snapchat, is a camera application that was created to help people communicate through short videos and images.

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