Snap Inc. (NYSE:SNAP) SVP Eric Young Sells 102,152 Shares

Snap Inc. (NYSE:SNAP) SVP Eric Young sold 102,152 shares of Snap stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total value of $1,107,327.68. Following the transaction, the senior vice president now directly owns 3,443,419 shares of the company’s stock, valued at $37,326,661.96. This trade represents a 2.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Snap Stock Performance

Snap stock opened at $10.35 on Friday. The stock’s 50 day moving average price is $11.19 and its 200 day moving average price is $10.74. Snap Inc. has a one year low of $8.29 and a one year high of $17.33. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95. The firm has a market capitalization of $17.55 billion, a PE ratio of -24.63 and a beta of 0.99.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. As a group, sell-side analysts expect that Snap Inc. will post -0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SNAP. International Assets Investment Management LLC increased its stake in shares of Snap by 3,391.5% in the third quarter. International Assets Investment Management LLC now owns 24,685 shares of the company’s stock worth $264,000 after buying an additional 23,978 shares during the last quarter. Forsta AP Fonden lifted its position in shares of Snap by 15.0% during the third quarter. Forsta AP Fonden now owns 236,600 shares of the company’s stock worth $2,532,000 after purchasing an additional 30,900 shares during the last quarter. PFG Investments LLC grew its stake in Snap by 80.3% in the third quarter. PFG Investments LLC now owns 49,271 shares of the company’s stock worth $527,000 after purchasing an additional 21,950 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Snap by 20.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,323 shares of the company’s stock valued at $153,000 after buying an additional 2,395 shares during the last quarter. Finally, Trajan Wealth LLC raised its stake in Snap by 24.8% during the third quarter. Trajan Wealth LLC now owns 19,059 shares of the company’s stock valued at $204,000 after buying an additional 3,792 shares in the last quarter. Hedge funds and other institutional investors own 47.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SNAP shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 price objective on shares of Snap in a research note on Wednesday, October 30th. Benchmark reiterated a “hold” rating on shares of Snap in a research report on Friday, October 25th. Canaccord Genuity Group increased their target price on Snap from $12.00 to $13.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Bank of America increased their target price on Snap from $14.00 to $14.50 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Finally, Citizens Jmp lowered Snap from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $36.87.

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.