Snap Inc. $SNAP Shares Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. boosted its stake in Snap Inc. (NYSE:SNAP) by 72.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,694 shares of the company’s stock after acquiring an additional 93,637 shares during the period. Landscape Capital Management L.L.C.’s holdings in Snap were worth $1,805,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in Snap by 92.3% in the third quarter. Allworth Financial LP now owns 3,293 shares of the company’s stock valued at $25,000 after acquiring an additional 1,581 shares in the last quarter. Oak Harvest Investment Services acquired a new stake in Snap in the fourth quarter valued at $26,000. Arax Advisory Partners raised its holdings in Snap by 220.0% in the fourth quarter. Arax Advisory Partners now owns 3,309 shares of the company’s stock valued at $27,000 after acquiring an additional 2,275 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Snap in the fourth quarter valued at $29,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Snap by 561.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,618 shares of the company’s stock valued at $29,000 after acquiring an additional 3,071 shares in the last quarter. 47.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SNAP shares. Citigroup reaffirmed a “neutral” rating on shares of Snap in a report on Monday, May 18th. BMO Capital Markets boosted their target price on shares of Snap from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Wednesday, April 15th. TD Cowen initiated coverage on shares of Snap in a research note on Monday, April 27th. They set a “buy” rating for the company. HSBC lowered shares of Snap from a “hold” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Morgan Stanley lowered their target price on shares of Snap from $9.50 to $6.50 and set an “equal weight” rating for the company in a research note on Sunday, February 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.91.

Snap Stock Up 8.9%

Snap stock opened at $5.73 on Tuesday. The company has a 50-day simple moving average of $5.63 and a 200-day simple moving average of $6.14. The firm has a market capitalization of $9.67 billion, a P/E ratio of -23.86 and a beta of 1.03. The company has a debt-to-equity ratio of 1.67, a quick ratio of 3.53 and a current ratio of 3.53. Snap Inc. has a one year low of $3.81 and a one year high of $10.41.

Snap (NYSE:SNAP) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.14). The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. Snap had a negative return on equity of 18.92% and a negative net margin of 6.72%.The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) EPS. As a group, equities analysts expect that Snap Inc. will post -0.06 earnings per share for the current year.

Insider Buying and Selling at Snap

In other news, CFO Douglas Hott sold 124,209 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $5.60, for a total transaction of $695,570.40. Following the completion of the transaction, the chief financial officer owned 2,571,149 shares in the company, valued at approximately $14,398,434.40. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Zachary M. Briers sold 129,493 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.60, for a total transaction of $725,160.80. Following the transaction, the general counsel owned 2,644,538 shares of the company’s stock, valued at $14,809,412.80. This represents a 4.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 2,900,631 shares of company stock valued at $16,054,989.

About Snap

Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.

Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.