Snap Inc. (NYSE:SNAP) SVP Eric Young Sells 50,000 Shares

Snap Inc. (NYSE:SNAP) SVP Eric Young sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $10.54, for a total transaction of $527,000.00. Following the completion of the sale, the senior vice president now owns 752,110 shares of the company’s stock, valued at approximately $7,927,239.40. The trade was a 6.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Eric Young also recently made the following trade(s):

• On Monday, November 18th, Eric Young sold 112,020 shares of Snap stock. The stock was sold at an average price of $10.55, for a total value of $1,181,811.00.

Snap Trading Up 7.4 %

Shares of Snap stock traded up $0.78 on Friday, hitting $11.42. 39,143,138 shares of the company’s stock traded hands, compared to its average volume of 27,773,207. The company has a market capitalization of $19.15 billion, a price-to-earnings ratio of -19.66 and a beta of 0.99. Snap Inc. has a one year low of $8.29 and a one year high of $17.90. The company has a fifty day moving average of $10.82 and a two-hundred day moving average of $12.54. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.04 and a quick ratio of 4.04.

Snap (NYSE:SNAP) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Snap had a negative net margin of 18.49% and a negative return on equity of 35.60%. The business’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.21) EPS. As a group, sell-side analysts expect that Snap Inc. will post -0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus cut their price target on Snap from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, October 14th. Argus raised shares of Snap to a “hold” rating in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $14.00 price target on shares of Snap in a research report on Wednesday, September 18th. Roth Mkm reissued a “neutral” rating and issued a $14.00 price target on shares of Snap in a report on Wednesday, September 18th. Finally, Bank of America increased their target price on shares of Snap from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Snap currently has an average rating of “Hold” and an average target price of $14.31.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SNAP. V Square Quantitative Management LLC bought a new position in Snap in the 3rd quarter valued at about $29,000. Paladin Wealth LLC purchased a new stake in shares of Snap during the third quarter valued at approximately $30,000. Advisors Asset Management Inc. lifted its holdings in Snap by 141.9% during the third quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock worth $30,000 after acquiring an additional 1,632 shares during the period. Hollencrest Capital Management bought a new position in Snap during the second quarter valued at about $33,000. Finally, Blue Trust Inc. increased its stake in shares of Snap by 354.1% during the 2nd quarter. Blue Trust Inc. now owns 2,157 shares of the company’s stock worth $36,000 after purchasing an additional 1,682 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors and hedge funds.

About Snap

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.