3,000 Shares in Snap Inc. (NYSE:SNAP) Purchased by Comprehensive Financial Planning Inc. PA

Comprehensive Financial Planning Inc. PA purchased a new position in Snap Inc. (NYSE:SNAP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,000 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SNAP. HCR Wealth Advisors lifted its position in shares of Snap by 3.9% during the fourth quarter. HCR Wealth Advisors now owns 25,016 shares of the company’s stock worth $269,000 after purchasing an additional 934 shares during the last quarter. Empowered Funds LLC increased its stake in Snap by 3.1% in the 4th quarter. Empowered Funds LLC now owns 35,639 shares of the company’s stock worth $384,000 after buying an additional 1,055 shares during the period. Metis Global Partners LLC lifted its holdings in Snap by 6.9% during the 3rd quarter. Metis Global Partners LLC now owns 19,352 shares of the company’s stock valued at $207,000 after buying an additional 1,255 shares in the last quarter. Gradient Investments LLC boosted its position in Snap by 0.9% in the 4th quarter. Gradient Investments LLC now owns 142,144 shares of the company’s stock valued at $1,531,000 after buying an additional 1,310 shares during the period. Finally, Intech Investment Management LLC grew its stake in Snap by 1.9% in the 3rd quarter. Intech Investment Management LLC now owns 77,592 shares of the company’s stock worth $830,000 after acquiring an additional 1,433 shares in the last quarter. 47.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on SNAP. Citizens Jmp downgraded Snap from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Wells Fargo & Company cut shares of Snap from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $15.00 to $11.00 in a report on Wednesday, February 5th. Evercore ISI increased their price objective on shares of Snap from $12.00 to $15.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Loop Capital boosted their price objective on shares of Snap from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price target on Snap from $12.00 to $13.50 and gave the company a “neutral” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.87.

Insider Transactions at Snap

In other Snap news, General Counsel Michael J. O’sullivan sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $11.49, for a total value of $206,820.00. Following the completion of the transaction, the general counsel now owns 480,498 shares of the company’s stock, valued at $5,520,922.02. This trade represents a 3.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Eric Young sold 112,020 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.55, for a total value of $1,181,811.00. Following the sale, the senior vice president now directly owns 2,791,048 shares in the company, valued at $29,445,556.40. This represents a 3.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 443,518 shares of company stock worth $4,947,981 over the last ninety days. Company insiders own 22.68% of the company’s stock.

Snap Stock Down 2.1 %

NYSE SNAP opened at $10.69 on Tuesday. Snap Inc. has a twelve month low of $8.29 and a twelve month high of $17.33. The stock has a fifty day simple moving average of $11.44 and a 200-day simple moving average of $10.80. The company has a current ratio of 3.95, a quick ratio of 4.04 and a debt-to-equity ratio of 1.47.

Snap (NYSE:SNAP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Snap had a negative net margin of 13.02% and a negative return on equity of 25.67%. On average, sell-side analysts expect that Snap Inc. will post -0.26 earnings per share for the current year.

Snap Profile

Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.