Snap Inc. (NYSE:SNAP) Given Average Recommendation of “Hold” by Analysts

Shares of Snap Inc. (NYSE:SNAP) have been assigned an average rating of “Hold” from the forty-four ratings firms that are covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a sell recommendation, twenty have issued a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $19.02.

A number of equities research analysts recently issued reports on SNAP shares. Barclays PLC reissued a “sell” rating on shares of Snap in a research note on Friday, April 14th. Jefferies Group LLC reiterated a “buy” rating and set a $30.00 price target on shares of Snap in a report on Monday, April 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price objective on shares of Snap in a research report on Monday, April 17th. Vetr raised Snap from a “buy” rating to a “strong-buy” rating and set a $22.59 target price for the company in a research report on Monday, April 17th. Finally, Raymond James Financial, Inc. began coverage on Snap in a research report on Tuesday, April 25th. They issued a “market perform” rating and a $23.48 target price for the company.

Several institutional investors have recently made changes to their positions in SNAP. US Bancorp DE bought a new position in shares of Snap during the first quarter valued at $101,000. WFG Advisors LP purchased a new stake in shares of Snap during the first quarter valued at about $109,000. Seven Bridges Advisors LLC purchased a new stake in shares of Snap during the second quarter valued at about $101,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Snap during the first quarter valued at about $158,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Snap by 654.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 7,540 shares of the company’s stock valued at $134,000 after buying an additional 6,540 shares during the period. Institutional investors own 30.16% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://www.com-unik.info/2017/08/11/snap-inc-nysesnap-receives-average-recommendation-of-hold-from-analysts-updated-updated-updated.html.

Shares of Snap (SNAP) traded down 14.09% during trading on Monday, reaching $11.83. 83,853,248 shares of the company’s stock traded hands. The company has a 50 day moving average price of $15.27 and a 200-day moving average price of $19.19. The stock’s market cap is $13.95 billion. Snap has a one year low of $11.77 and a one year high of $29.44. Snap also was the target of unusually large options trading activity on Thursday. Stock investors bought 65,962 put options on the company. This is an increase of approximately 173% compared to the typical daily volume of 24,199 put options.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Thursday, August 10th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by $0.07. The firm had revenue of $181.70 million for the quarter, compared to analyst estimates of $186.49 million. The business’s revenue was up 153.1% on a year-over-year basis. On average, equities research analysts expect that Snap will post ($0.56) EPS for the current fiscal year.

About Snap

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.

Analyst Recommendations for Snap (NYSE:SNAP)

What are top analysts saying about Snap Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Snap Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit