Snap Inc. (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $13.41, for a total value of $335,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mitchell Lasky also recently made the following trade(s):

  • On Tuesday, November 21st, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $12.38, for a total value of $309,500.00.
  • On Tuesday, November 14th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $12.53, for a total value of $313,250.00.

Shares of Snap Inc. (NYSE:SNAP) traded up $0.08 during mid-day trading on Thursday, reaching $13.78. The company’s stock had a trading volume of 26,845,797 shares, compared to its average volume of 25,384,459. Snap Inc. has a fifty-two week low of $11.28 and a fifty-two week high of $29.44.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Tuesday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.17. The company had revenue of $207.90 million for the quarter, compared to analysts’ expectations of $236.71 million. The business’s revenue was up 62.2% compared to the same quarter last year. equities research analysts predict that Snap Inc. will post -3.04 EPS for the current year.

Several equities analysts have recently commented on the company. Deutsche Bank restated a “hold” rating and issued a $11.00 price objective on shares of Snap in a research report on Thursday. Wells Fargo & Company restated a “hold” rating on shares of Snap in a research report on Wednesday. Monness Crespi & Hardt downgraded Snap from a “buy” rating to a “neutral” rating in a research report on Friday, August 11th. Bank of America restated a “neutral” rating and issued a $17.00 price objective (down from $20.00) on shares of Snap in a research report on Friday, August 11th. Finally, Summit Redstone restated a “sell” rating and issued a $8.00 price objective (down from $10.00) on shares of Snap in a research report on Friday, August 11th. Fifteen research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.98.

A number of hedge funds have recently modified their holdings of SNAP. First Trust Advisors LP grew its stake in shares of Snap by 873.8% during the third quarter. First Trust Advisors LP now owns 5,884,101 shares of the company’s stock valued at $85,555,000 after buying an additional 5,279,883 shares during the last quarter. Valiant Capital Management L.P. grew its stake in shares of Snap by 379.1% during the third quarter. Valiant Capital Management L.P. now owns 3,215,300 shares of the company’s stock valued at $46,750,000 after buying an additional 2,544,200 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Snap by 73.4% during the third quarter. Allianz Asset Management GmbH now owns 4,529,005 shares of the company’s stock valued at $65,852,000 after buying an additional 1,916,830 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Snap by 23.7% during the second quarter. Vanguard Group Inc. now owns 8,353,729 shares of the company’s stock valued at $148,446,000 after buying an additional 1,601,170 shares during the last quarter. Finally, State Treasurer State of Michigan bought a new position in shares of Snap during the third quarter valued at approximately $15,714,000. Institutional investors and hedge funds own 18.88% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Snap (NYSE:SNAP)

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