Snap Inc. (NYSE:SNAP) SVP Eric Young Sells 102,152 Shares of Stock

Snap Inc. (NYSE:SNAP) SVP Eric Young sold 102,152 shares of Snap stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total transaction of $1,107,327.68. Following the completion of the transaction, the senior vice president now owns 3,443,419 shares of the company’s stock, valued at $37,326,661.96. The trade was a 2.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Snap Stock Down 1.0 %

Shares of Snap stock opened at $10.68 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.95 and a quick ratio of 3.95. The company’s fifty day simple moving average is $11.21 and its two-hundred day simple moving average is $10.73. Snap Inc. has a 12-month low of $8.29 and a 12-month high of $17.33.

Snap (NYSE:SNAP) last issued its quarterly earnings data 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%. As a group, analysts expect that Snap Inc. will post -0.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SNAP. Susquehanna lifted their target price on shares of Snap from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Evercore ISI lifted their target price on shares of Snap from $12.00 to $15.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. B. Riley lifted their target price on shares of Snap from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. UBS Group lifted their target price on shares of Snap from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $640.00 price objective on shares of Snap in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $36.87.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SNAP. International Assets Investment Management LLC grew its position in shares of Snap by 3,391.5% in the 3rd quarter. International Assets Investment Management LLC now owns 24,685 shares of the company’s stock worth $264,000 after buying an additional 23,978 shares during the period. Forsta AP Fonden grew its position in shares of Snap by 15.0% in the 3rd quarter. Forsta AP Fonden now owns 236,600 shares of the company’s stock worth $2,532,000 after buying an additional 30,900 shares during the period. PFG Investments LLC grew its position in shares of Snap by 80.3% in the 3rd quarter. PFG Investments LLC now owns 49,271 shares of the company’s stock worth $527,000 after buying an additional 21,950 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Snap by 20.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,323 shares of the company’s stock worth $153,000 after buying an additional 2,395 shares during the period. Finally, Trajan Wealth LLC grew its position in shares of Snap by 24.8% in the 3rd quarter. Trajan Wealth LLC now owns 19,059 shares of the company’s stock worth $204,000 after buying an additional 3,792 shares during the period. 47.52% of the stock is owned by hedge funds and other institutional investors.

Snap Company 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.