Snap Inc. (NYSE:SNAP)‘s stock had its “buy” rating reissued by stock analysts at Drexel Hamilton in a note issued to investors on Thursday. They currently have a $30.00 price target on the stock. Drexel Hamilton’s target price would suggest a potential upside of 101.34% from the company’s current price.

The analysts wrote, “We continue to believe Snap has strong upside potential over the next 12 months as reflected in our $30.00 price target.””

Several other brokerages have also weighed in on SNAP. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $23.00 price objective on shares of Snap in a research report on Tuesday, July 11th. CIBC reissued an “outperform” rating and issued a $23.00 price objective on shares of Snap in a research report on Monday, June 12th. Stifel Nicolaus lowered shares of Snap from a “buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a research report on Friday, July 14th. Credit Suisse Group reissued an “outperform” rating and issued a $25.00 price objective (down from $30.00) on shares of Snap in a research report on Monday, July 10th. Finally, Vetr lowered shares of Snap from a “strong-buy” rating to a “buy” rating and set a $24.14 price objective on the stock. in a research report on Thursday, May 25th. Ten analysts have rated the stock with a sell rating, twenty-four have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.26.

Snap (NYSE SNAP) traded down 0.86% on Thursday, hitting $14.90. 16,319,624 shares of the stock were exchanged. The stock’s market capitalization is $17.84 billion. Snap has a one year low of $14.82 and a one year high of $29.44. The company has a 50 day moving average of $15.20 and a 200 day moving average of $20.49.

Snap (NYSE:SNAP) last posted its quarterly earnings results on Thursday, August 10th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.07). The business had revenue of $181.70 million for the quarter, compared to analysts’ expectations of $186.49 million. The business’s revenue for the quarter was up 153.1% compared to the same quarter last year. On average, equities research analysts forecast that Snap will post ($0.64) earnings per share for the current fiscal year.

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In other news, insider Imran Khan sold 350,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $15.00, for a total value of $5,250,000.00. Following the sale, the insider now directly owns 9,946,464 shares in the company, valued at approximately $149,196,960. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Timothy Sehn sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $12.50, for a total transaction of $5,000,000.00. Following the completion of the sale, the vice president now owns 2,204,168 shares in the company, valued at $27,552,100. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,695,724 shares of company stock worth $23,209,887.

Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE acquired a new stake in shares of Snap in the 1st quarter valued at approximately $101,000. Seven Bridges Advisors LLC acquired a new stake in shares of Snap in the 2nd quarter valued at approximately $101,000. WFG Advisors LP acquired a new stake in shares of Snap in the 1st quarter valued at approximately $109,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Snap by 654.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 7,540 shares of the company’s stock valued at $134,000 after purchasing an additional 6,540 shares in the last quarter. Finally, Dubuque Bank & Trust Co. acquired a new stake in shares of Snap in the 2nd quarter valued at approximately $137,000. Institutional investors own 16.40% of the company’s stock.

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.

Analyst Recommendations for Snap (NYSE:SNAP)

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