Snap Inc. (NYSE:SNAP – Get a Free Report) Director Joanna Coles sold 3,950 shares of Snap stock in a transaction that occurred on Tuesday, June 11. The shares sold at an average price of $15.17, for a total value of $59,921.50. Following the completion of the transaction, the director now owns 46,492 shares of the company’s stock, valued at $705,283.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website.

Fast price performance

SNAP opened at $15.59 on Friday. The company has a 50-day moving average of $14.37 and a 200-day moving average of $14.07. Snap Inc. has a fifty-two week low of $8.28 and a fifty-two week high of $17.90. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 1.55.

Snap (NYSE:SNAP – Get Free Report) last posted its earnings results on Thursday, April 25th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.10. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.12 billion. Snap had a negative net margin of 26.99% and a negative return on equity of 46.62%. Equity research analysts expect Snap Inc. will post earnings per share of -0.44 this year.

Changes in analyst ratings

Several equity analysts have recently issued reports on the stock. Susquehanna raised their price target on shares of Snap from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, April 29. Raymond James reiterated an “outperform” rating and set a $16.00 price target (up from $15.00) on shares of Snap in a research report on Friday, April 26. Royal Bank of Canada lifted their price target on Snap from $13.00 to $16.00 and gave the company a “sector perform” rating in a research report on Friday, April 26. Canaccord Genuity Group raised their target price on Snap from $14.00 to $15.00 and gave the company a “hold” rating in a research note on Friday, April 26. Finally, Morgan Stanley raised their price target on Snap from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Friday, April 26. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $14.82.

Check out our latest research report on SNAP

Institutional investors weigh in on Snap

Hedge funds and other institutional investors have recently changed their holdings of stocks. NBC Securities Inc. increased its position in Snap stock by 2,580.4% during the fourth quarter. NBC Securities Inc. now owns 1,501 shares of the company’s stock valued at $25,000 after purchasing an additional 1,445 shares during the period. Allworth Financial LP increased its holdings in Snap by 161.6% during the fourth quarter. Allworth Financial LP now owns 2,765 shares of the company’s stock valued at $47,000 after purchasing an additional 1,708 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Snap in the fourth quarter worth approximately $51,000. Rakuten Securities Inc. acquired a new position in shares of Snap worth approximately $73,000 in the fourth quarter. Finally, Westpac Banking Corp increased its position in shares of Snap by 108.7% during the fourth quarter. Westpac Banking Corp now owns 4,812 shares of the company’s stock worth $81,000 after purchasing an additional 2,506 shares during the period. Institutional investors and hedge funds own 47.52% of the company’s shares.

Snap company profile

(Get a free report)

Snap Inc operates as a technology company in North America, Europe and internationally. The company offers Snapchat, a visual messaging application with several tabs such as camera, visual messaging, snapmap, stories, and spotlight that allows people to communicate visually through short videos and images.

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