Snap Inc (NYSE:SNAP) General Counsel Michael J. O’sullivan sold 9,248 shares of Snap stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $20.25, for a total value of $187,272.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of Snap Inc (SNAP) traded down $1.49 during mid-day trading on Tuesday, reaching $18.93. The company had a trading volume of 42,680,129 shares, compared to its average volume of 31,442,576. The company has a market cap of $22,800.00 and a price-to-earnings ratio of -5.72. Snap Inc has a twelve month low of $11.28 and a twelve month high of $29.44.
Several research firms recently weighed in on SNAP. Barclays raised Snap from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $11.00 to $18.00 in a report on Tuesday, December 5th. Bank of America raised Snap from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, February 7th. Susquehanna Bancshares cut Snap from a “neutral” rating to a “sell” rating in a report on Thursday, February 8th. Evercore ISI began coverage on Snap in a report on Tuesday, December 5th. They issued an “underperform” rating and a $7.00 price objective for the company. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Snap in a report on Monday, January 22nd. Fifteen analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $18.15.
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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