Snap Inc (NYSE:SNAP) – Equities research analysts at Oppenheimer issued their Q1 2018 EPS estimates for Snap in a research note issued on Wednesday. Oppenheimer analyst J. Helfstein anticipates that the company will post earnings of ($0.36) per share for the quarter. Oppenheimer has a “Outperform” rating and a $19.00 price objective on the stock. Oppenheimer also issued estimates for Snap’s Q2 2018 earnings at ($0.36) EPS, FY2018 earnings at ($1.33) EPS, FY2019 earnings at ($1.06) EPS, FY2020 earnings at ($0.48) EPS, FY2021 earnings at $0.17 EPS and FY2022 earnings at $0.75 EPS.
SNAP has been the topic of a number of other research reports. Goldman Sachs Group reiterated a “buy” rating and set a $23.00 target price (up previously from $18.00) on shares of Snap in a research report on Thursday. Bank of America upgraded Snap from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, February 7th. BidaskClub lowered Snap from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Raymond James Financial reiterated an “underperform” rating on shares of Snap in a research report on Friday, January 12th. Finally, Wedbush reiterated a “hold” rating and set a $12.00 target price on shares of Snap in a research report on Friday, November 3rd. Fourteen analysts have rated the stock with a sell rating, nineteen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.25.
In other news, CFO Andrew Vollero sold 94,781 shares of Snap stock in a transaction on Saturday, February 17th. The stock was sold at an average price of $18.51, for a total transaction of $1,754,396.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mitchell Lasky sold 25,000 shares of Snap stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $12.53, for a total value of $313,250.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,230,407 shares of company stock worth $32,578,428.
Several hedge funds and other institutional investors have recently bought and sold shares of SNAP. First Manhattan Co. raised its holdings in shares of Snap by 384.5% during the 3rd quarter. First Manhattan Co. now owns 7,631 shares of the company’s stock worth $110,000 after acquiring an additional 6,056 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Snap by 967.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,005 shares of the company’s stock worth $116,000 after acquiring an additional 7,255 shares during the period. WFG Advisors LP raised its holdings in shares of Snap by 52.4% during the 2nd quarter. WFG Advisors LP now owns 7,377 shares of the company’s stock worth $131,000 after acquiring an additional 2,537 shares during the period. Nelson Roberts Investment Advisors LLC raised its holdings in shares of Snap by 10,033.0% during the 3rd quarter. Nelson Roberts Investment Advisors LLC now owns 10,133 shares of the company’s stock worth $147,000 after acquiring an additional 10,033 shares during the period. Finally, Westwood Holdings Group Inc. purchased a new position in shares of Snap during the 2nd quarter worth $148,000. Institutional investors and hedge funds own 18.97% 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.
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