Snap (NYSE: SNAP) has recently received a number of price target changes and ratings updates:

  • 10/19/2017 – Snap was upgraded by analysts at Vetr from a “hold” rating to a “strong-buy” rating. They now have a $18.29 price target on the stock.
  • 10/18/2017 – Snap was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Snap Inc. provides technology and social media services. The Company’s principal product Snapchat, is a camera application that helps people to communicate through short videos and images. Snap Inc. is headquartered in Venice, California. “
  • 10/13/2017 – Snap was upgraded by analysts at Vetr from a “strong sell” rating to a “hold” rating. They now have a $16.13 price target on the stock.
  • 10/12/2017 – Snap had its “sell” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $10.00 price target on the stock.
  • 10/11/2017 – Snap had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $20.00 price target on the stock, up previously from $17.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/11/2017 – Snap had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 10/8/2017 – Snap had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $20.00 price target on the stock.
  • 10/5/2017 – Snap had its “underperform” rating reaffirmed by analysts at Needham & Company LLC.
  • 10/4/2017 – Snap had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $30.00 price target on the stock.
  • 10/1/2017 – Snap had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $15.00 price target on the stock.
  • 9/28/2017 – Snap was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/25/2017 – Snap had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $14.00 price target on the stock, down previously from $16.00.
  • 9/21/2017 – Snap was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/15/2017 – Snap had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $17.00 price target on the stock, up previously from $15.00. They wrote, “Monetization per minute has significant upside potential… We’re modeling for Snap’s 2017 US ad revenue per DAU (ARPU) to rise 53.4% y/y to $9.56 (vs. FB’s (OW) $103.31), and for its 2017 US ad rev per min (x 1,000) to also rise by 53.4% y/y to $0.87 (vs. FB’s $5.66). On both counts, we believe Snap’s monetization has room to go substantially higher as bid density improves on the self-serve platform and as mobile video/ads in the Discover tab ramp up.””
  • 9/14/2017 – Snap had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $30.00 price target on the stock. They wrote, “We continue to believe Snap has strong upside potential over the next 12 months as reflected in our $30.00 price target.””
  • 9/11/2017 – Snap was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $17.00 price target on the stock, down previously from $20.00.
  • 9/6/2017 – Snap had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $15.00 price target on the stock.
  • 9/5/2017 – Snap had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $18.00 price target on the stock.
  • 9/5/2017 – Snap had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $30.00 price target on the stock.
  • 8/30/2017 – Snap is now covered by analysts at Wedbush. They set a “neutral” rating and a $12.00 price target on the stock.

Snap Inc. (SNAP) traded down 1.80% during mid-day trading on Tuesday, reaching $14.70. The company’s stock had a trading volume of 8,848,134 shares. The firm’s market capitalization is $17.60 billion. Snap Inc. has a 52 week low of $11.28 and a 52 week high of $29.44. The firm’s 50 day moving average price is $14.90 and its 200 day moving average price is $16.97.

Snap (NYSE:SNAP) last released its quarterly earnings data on Thursday, August 10th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.07). The firm had revenue of $181.70 million during the quarter, compared to analyst estimates of $186.49 million. Snap’s revenue for the quarter was up 153.1% compared to the same quarter last year. On average, analysts anticipate that Snap Inc. will post ($0.65) EPS for the current fiscal year.

In other Snap news, CFO Andrew Vollero sold 195,100 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $12.50, for a total transaction of $2,438,750.00. Following the transaction, the chief financial officer now directly owns 1,882,280 shares in the company, valued at $23,528,500. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Timothy Sehn sold 400,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $12.50, for a total value of $5,000,000.00. Following the transaction, 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. In the last ninety days, insiders sold 2,133,598 shares of company stock valued at $29,704,362.

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.

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