Snap Inc (NYSE:SNAP) CEO Evan Spiegel sold 132,700 shares of Snap stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $18.04, for a total value of $2,393,908.00. Following the transaction, the chief executive officer now owns 62,562,271 shares of the company’s stock, valued at approximately $1,128,623,368.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Evan Spiegel also recently made the following trade(s):
- On Monday, January 13th, Evan Spiegel sold 369,308 shares of Snap stock. The shares were sold at an average price of $18.00, for a total value of $6,647,544.00.
- On Monday, December 2nd, Evan Spiegel sold 1,537,712 shares of Snap stock. The shares were sold at an average price of $14.62, for a total value of $22,481,349.44.
Snap stock traded up $0.13 during mid-day trading on Friday, reaching $17.13. 27,960,077 shares of the company traded hands, compared to its average volume of 30,818,326. The company has a debt-to-equity ratio of 0.53, a current ratio of 5.29 and a quick ratio of 7.25. Snap Inc has a fifty-two week low of $8.30 and a fifty-two week high of $19.75. The company has a market capitalization of $23.80 billion, a price-to-earnings ratio of -22.84 and a beta of 1.07. The firm’s fifty day moving average is $17.49 and its two-hundred day moving average is $15.92.
Snap (NYSE:SNAP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. Snap had a negative net margin of 60.25% and a negative return on equity of 46.63%. The business had revenue of $560.90 million for the quarter, compared to analyst estimates of $561.87 million. During the same quarter in the prior year, the business posted ($0.04) EPS. Snap’s revenue for the quarter was up 43.9% compared to the same quarter last year. As a group, equities research analysts predict that Snap Inc will post -0.52 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of SNAP. Vanguard Group Inc. increased its stake in shares of Snap by 12.0% in the second quarter. Vanguard Group Inc. now owns 59,173,892 shares of the company’s stock worth $846,186,000 after acquiring an additional 6,320,561 shares during the period. FIL Ltd boosted its holdings in Snap by 67.6% during the fourth quarter. FIL Ltd now owns 14,327,572 shares of the company’s stock worth $233,969,000 after buying an additional 5,778,674 shares in the last quarter. BlackRock Inc. boosted its holdings in Snap by 34.1% during the second quarter. BlackRock Inc. now owns 21,849,669 shares of the company’s stock worth $312,449,000 after buying an additional 5,561,652 shares in the last quarter. Hillhouse Capital Advisors LTD. purchased a new stake in Snap during the second quarter worth $63,862,000. Finally, Worldquant Millennium Advisors LLC purchased a new stake in Snap during the third quarter worth $51,744,000. Institutional investors and hedge funds own 32.82% of the company’s stock.
A number of equities analysts have issued reports on SNAP shares. Barclays reiterated a “buy” rating and set a $22.00 price target on shares of Snap in a research note on Thursday, January 23rd. Sanford C. Bernstein began coverage on shares of Snap in a research report on Thursday, January 9th. They issued an “outperform” rating and a $20.00 price target for the company. Bernstein Bank began coverage on shares of Snap in a research report on Friday, January 10th. They issued an “outperform” rating and a $20.00 price target for the company. Cowen raised shares of Snap from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $16.00 to $20.00 in a research report on Thursday, January 9th. Finally, JPMorgan Chase & Co. raised shares of Snap from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $17.00 to $20.00 in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $19.18.
About Snap
Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps surfacing the stories and shows from publishers, creators, and the community, based on a user’s subscriptions and interests.
