Snap (NYSE:SNAP) Receives Neutral Rating from Roth Mkm

Roth Mkm reiterated their neutral rating on shares of Snap (NYSE:SNAP) in a report released on Tuesday morning, Benzinga reports. Roth Mkm currently has a $14.00 price objective on the stock.

A number of other equities analysts have also commented on the stock. UBS Group decreased their price objective on shares of Snap from $14.00 to $13.00 and set a neutral rating for the company in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft raised shares of Snap from a hold rating to a buy rating and raised their price objective for the stock from $10.00 to $19.00 in a research note on Friday, January 26th. Rosenblatt Securities raised their price objective on shares of Snap from $11.00 to $12.00 and gave the stock a neutral rating in a research note on Wednesday, February 7th. Stifel Nicolaus decreased their price objective on shares of Snap from $14.00 to $12.00 and set a hold rating for the company in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada cut their target price on shares of Snap from $17.00 to $13.00 and set a sector perform rating for the company in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $14.67.

Snap Trading Up 27.5 %

Shares of NYSE:SNAP opened at $14.53 on Tuesday. The stock has a market capitalization of $23.98 billion, a price-to-earnings ratio of -17.55 and a beta of 1.13. Snap has a 1-year low of $7.86 and a 1-year high of $17.90. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.39 and a current ratio of 4.39. The company has a 50 day moving average price of $11.19 and a 200 day moving average price of $12.79.

Snap (NYSE:SNAP) last issued its earnings results on Thursday, April 25th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.10. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Snap had a negative net margin of 28.71% and a negative return on equity of 47.47%. On average, research analysts anticipate that Snap will post -0.58 EPS for the current fiscal year.

Insider Activity at Snap

In related news, General Counsel Michael J. O’sullivan sold 13,000 shares of Snap stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $16.16, for a total transaction of $210,080.00. Following the completion of the transaction, the general counsel now directly owns 461,005 shares of the company’s stock, valued at approximately $7,449,840.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Snap news, CEO Evan Spiegel sold 150,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $11.11, for a total value of $1,666,500.00. Following the completion of the transaction, the chief executive officer now directly owns 3,627,844 shares of the company’s stock, valued at $40,305,346.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Michael J. O’sullivan sold 13,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $16.16, for a total transaction of $210,080.00. Following the completion of the transaction, the general counsel now directly owns 461,005 shares of the company’s stock, valued at $7,449,840.80. The disclosure for this sale can be found here. Insiders sold 470,482 shares of company stock valued at $5,284,091 in the last ninety days. Insiders own 22.68% of the company’s stock.

Hedge Funds Weigh In On Snap

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Snap by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 95,317,701 shares of the company’s stock worth $1,613,729,000 after buying an additional 3,503,230 shares during the last quarter. SRS Investment Management LLC grew its holdings in Snap by 23.6% during the fourth quarter. SRS Investment Management LLC now owns 65,114,732 shares of the company’s stock valued at $1,102,392,000 after purchasing an additional 12,452,415 shares during the period. Capital World Investors grew its holdings in Snap by 0.6% during the fourth quarter. Capital World Investors now owns 45,887,082 shares of the company’s stock valued at $776,868,000 after purchasing an additional 274,176 shares during the period. Artisan Partners Limited Partnership grew its holdings in Snap by 4.1% during the third quarter. Artisan Partners Limited Partnership now owns 8,267,765 shares of the company’s stock valued at $73,666,000 after purchasing an additional 327,038 shares during the period. Finally, Carmignac Gestion acquired a new position in Snap during the fourth quarter valued at approximately $110,103,000. 47.52% of the stock is owned by institutional investors.

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.