Snap Inc (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $14.79, for a total transaction of $369,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, November 28th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.41, for a total transaction of $335,250.00.
  • On Tuesday, November 21st, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $12.38, for a total transaction of $309,500.00.
  • On Tuesday, November 14th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $12.53, for a total transaction of $313,250.00.

Shares of Snap Inc (NYSE:SNAP) traded down $0.34 on Thursday, hitting $14.60. 25,883,000 shares of the stock traded hands, compared to its average volume of 25,507,863. Snap Inc has a 12 month low of $11.28 and a 12 month high of $29.44.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Tuesday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.17. The business had revenue of $207.90 million during the quarter, compared to analyst estimates of $236.71 million. The firm’s quarterly revenue was up 62.2% on a year-over-year basis. research analysts expect that Snap Inc will post -3.04 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in SNAP. Seven Bridges Advisors LLC acquired a new position in shares of Snap in the 2nd quarter worth approximately $101,000. First Manhattan Co. boosted its holdings in shares of Snap by 384.5% in the third quarter. First Manhattan Co. now owns 7,631 shares of the company’s stock worth $110,000 after buying an additional 6,056 shares during the period. WFG Advisors LP boosted its holdings in shares of Snap by 52.4% in the second quarter. WFG Advisors LP now owns 7,377 shares of the company’s stock worth $131,000 after buying an additional 2,537 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings 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 worth $134,000 after buying an additional 6,540 shares during the period. Finally, Nelson Roberts Investment Advisors LLC boosted its holdings in shares of Snap by 10,033.0% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 10,133 shares of the company’s stock worth $147,000 after buying an additional 10,033 shares during the period. 18.88% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on SNAP shares. Needham & Company LLC reaffirmed an “underperform” rating on shares of Snap in a report on Thursday, October 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Snap in a report on Sunday, October 8th. BidaskClub cut shares of Snap from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Morgan Stanley dropped their price objective on shares of Snap from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 23rd. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Snap in a report on Tuesday, September 5th. Sixteen investment analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.88.

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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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