Mitchell Lasky Sells 25,000 Shares of Snap Inc (SNAP) Stock

Snap Inc (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the business’s stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $13.41, for a total value of $335,250.00. The sale was disclosed in a filing with the SEC, which is available through this link.

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

  • On Tuesday, July 3rd, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.12, for a total value of $328,000.00.
  • On Tuesday, June 26th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.03, for a total value of $325,750.00.
  • On Tuesday, June 19th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.08, for a total value of $327,000.00.
  • On Tuesday, June 12th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $13.64, for a total value of $341,000.00.
  • On Tuesday, June 5th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $12.80, for a total value of $320,000.00.
  • On Tuesday, May 29th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.59, for a total value of $264,750.00.
  • On Tuesday, May 22nd, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $10.75, for a total value of $268,750.00.
  • On Tuesday, May 15th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $10.62, for a total value of $265,500.00.
  • On Tuesday, May 8th, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $10.97, for a total value of $274,250.00.
  • On Tuesday, May 1st, Mitchell Lasky sold 25,000 shares of Snap stock. The shares were sold at an average price of $14.05, for a total value of $351,250.00.

Snap traded up $0.09, reaching $13.40, during trading hours on Wednesday, Marketbeat Ratings reports. 10,429,266 shares of the stock were exchanged, compared to its average volume of 27,430,047. Snap Inc has a twelve month low of $10.50 and a twelve month high of $21.22. The company has a market cap of $17.17 billion, a P/E ratio of -6.44 and a beta of -2.91.

Snap (NYSE:SNAP) last released its quarterly earnings results on Tuesday, May 1st. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.16. Snap had a negative return on equity of 49.23% and a negative net margin of 179.04%. The firm had revenue of $230.70 million during the quarter, compared to the consensus estimate of $244.57 million. During the same quarter in the prior year, the firm posted ($2.31) EPS. The business’s revenue was up 54.2% on a year-over-year basis. research analysts forecast that Snap Inc will post -1.15 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in Snap during the 1st quarter worth approximately $134,000. NEXT Financial Group Inc acquired a new position in Snap during the 1st quarter worth approximately $163,000. Dimensional Fund Advisors LP acquired a new position in Snap during the 1st quarter worth approximately $165,000. Garde Capital Inc. acquired a new position in Snap during the 4th quarter worth approximately $160,000. Finally, Wedbush Securities Inc. acquired a new position in Snap during the 1st quarter worth approximately $188,000. 20.79% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on SNAP. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Snap in a research note on Wednesday, May 2nd. Evercore ISI cut Snap from an “in-line” rating to an “underperform” rating and set a $7.00 price target for the company. in a research note on Wednesday, May 2nd. Aegis cut Snap from a “buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. Cowen lowered their price target on Snap from $14.00 to $12.00 and set an “underperform” rating for the company in a research note on Friday, April 27th. Finally, Credit Suisse Group upped their price target on Snap from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, April 20th. Twelve analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $15.38.

Snap Company Profile

Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows to creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps to surface the most interesting stories from publishers, creators, and the community, based on a user's subscriptions and interests.

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

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