Snap (NYSE:SNAP) Stock Rating Reaffirmed by Roth Mkm

Snap (NYSE:SNAP)‘s stock had its “neutral” rating restated by analysts at Roth Mkm in a research report issued on Tuesday, Benzinga reports. They currently have a $14.00 price target on the stock. Roth Mkm’s price objective suggests a potential upside of 26.47% from the company’s previous close.

A number of other research firms have also recently issued reports on SNAP. Susquehanna lifted their price target on shares of Snap from $9.50 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft raised shares of Snap from a “hold” rating to a “buy” rating and lifted their price target for the company from $10.00 to $19.00 in a research note on Friday, January 26th. Morgan Stanley dropped their price target on shares of Snap from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 7th. Stifel Nicolaus dropped their price target on shares of Snap from $14.00 to $12.00 and set a “hold” rating on the stock in a research note on Tuesday, April 16th. Finally, Rosenblatt Securities raised their price objective on Snap from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Snap currently has a consensus rating of “Hold” and a consensus price target of $13.86.

Snap Price Performance

Shares of NYSE SNAP opened at $11.07 on Tuesday. The stock has a market capitalization of $18.27 billion, a price-to-earnings ratio of -13.34 and a beta of 1.13. Snap has a 12 month low of $7.86 and a 12 month high of $17.90. The firm’s 50 day simple moving average is $11.20 and its 200-day simple moving average is $12.82. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.39 and a quick ratio of 4.39.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Snap had a negative net margin of 28.71% and a negative return on equity of 47.47%. Analysts expect that Snap will post -0.58 EPS for the current year.

Insider Buying and Selling at Snap

In other Snap news, General Counsel Michael J. O’sullivan sold 13,000 shares of Snap stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $16.16, for a total value of $210,080.00. Following the completion of the transaction, the general counsel now directly owns 461,005 shares of the company’s stock, valued at approximately $7,449,840.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, General Counsel Michael J. O’sullivan sold 13,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $16.16, for a total transaction of $210,080.00. Following the completion of the transaction, the general counsel now directly owns 461,005 shares of the company’s stock, valued at $7,449,840.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Rebecca Morrow sold 9,386 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $11.14, for a total value of $104,560.04. Following the transaction, the chief accounting officer now directly owns 495,526 shares of the company’s stock, valued at $5,520,159.64. The disclosure for this sale can be found here. Insiders sold a total of 470,482 shares of company stock valued at $5,284,091 in the last three months.

Institutional Investors Weigh In On Snap

Institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. lifted its stake in Snap by 2,580.4% during the fourth quarter. NBC Securities Inc. now owns 1,501 shares of the company’s stock worth $25,000 after purchasing an additional 1,445 shares during the last quarter. Allworth Financial LP lifted its stake in Snap by 161.6% in the fourth quarter. Allworth Financial LP now owns 2,765 shares of the company’s stock valued at $47,000 after buying an additional 1,708 shares during the last quarter. ICA Group Wealth Management LLC purchased a new stake in Snap in the fourth quarter valued at approximately $51,000. Newbridge Financial Services Group Inc. lifted its stake in Snap by 75.0% in the third quarter. Newbridge Financial Services Group Inc. now owns 3,500 shares of the company’s stock valued at $31,000 after buying an additional 1,500 shares during the last quarter. Finally, Rakuten Securities Inc. purchased a new stake in Snap in the fourth quarter valued at approximately $73,000. Hedge funds and other institutional investors own 47.52% of the company’s stock.

Snap Company Profile

Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.