Snap Inc (NYSE:SNAP) Director Sells $395,250.00 in Stock

Snap Inc (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $15.81, for a total value of $395,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Mitchell Lasky also recently made the following trade(s):

  • On Tuesday, January 9th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.11, for a total value of $352,750.00.
  • On Tuesday, January 2nd, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.90, for a total value of $372,500.00.
  • On Tuesday, December 26th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.96, for a total value of $374,000.00.
  • On Tuesday, December 12th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.92, for a total value of $398,000.00.
  • On Tuesday, December 5th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.79, for a total value of $369,750.00.
  • On Tuesday, November 28th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.41, for a total value of $335,250.00.
  • On Tuesday, November 21st, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $12.38, for a total value of $309,500.00.
  • On Tuesday, November 14th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $12.53, for a total value of $313,250.00.

Snap Inc (SNAP) traded down $0.49 during trading hours on Friday, reaching $14.11. The company had a trading volume of 21,010,000 shares, compared to its average volume of 19,130,000. The firm has a market cap of $16,990.00 and a PE ratio of -4.44. Snap Inc has a 1-year low of $11.28 and a 1-year high of $29.44.

Snap (NYSE:SNAP) last released its quarterly earnings results on Tuesday, November 7th. The company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.17. The business had revenue of $207.90 million during the quarter, compared to analysts’ expectations of $236.71 million. Snap had a negative return on equity of 107.36% and a negative net margin of 463.16%. The firm’s revenue was up 62.2% on a year-over-year basis. equities analysts forecast that Snap Inc will post -3.04 EPS for the current year.

A number of research analysts recently issued reports on SNAP shares. Cantor Fitzgerald reiterated a “buy” rating and set a $17.00 price objective (up from $15.00) on shares of Snap in a report on Friday, September 15th. Drexel Hamilton reiterated a “buy” rating and set a $30.00 price objective on shares of Snap in a report on Thursday, September 14th. Royal Bank of Canada reiterated a “buy” rating and set a $20.00 price objective on shares of Snap in a report on Sunday, October 8th. Vetr downgraded Snap from a “strong-buy” rating to a “buy” rating and set a $16.95 price target for the company. in a research note on Monday, October 30th. Finally, Credit Suisse Group restated a “buy” rating and issued a $18.00 price target on shares of Snap in a research note on Tuesday. Eighteen analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.23.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Snap by 10.0% during the 2nd quarter. BlackRock Inc. now owns 10,343,549 shares of the company’s stock worth $183,805,000 after purchasing an additional 936,791 shares during the last quarter. Brighton Jones LLC acquired a new stake in Snap during the 2nd quarter worth approximately $312,000. State Treasurer State of Michigan acquired a new stake in Snap during the 3rd quarter worth approximately $15,714,000. Baker Avenue Asset Management LP acquired a new stake in Snap during the 2nd quarter worth approximately $518,000. Finally, Hodges Capital Management Inc. acquired a new stake in Snap during the 3rd quarter worth approximately $7,997,000. 18.88% of the stock is owned by institutional investors and hedge funds.

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Snap Company Profile

Snap Inc, formerly Snapchat, Inc, is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.

Insider Buying and Selling by Quarter for Snap (NYSE:SNAP)

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