Media headlines about Snap (NYSE:SNAP) have been trending somewhat negative this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Snap earned a daily sentiment score of -0.11 on Accern’s scale. Accern also gave news headlines about the company an impact score of 44.7401022640628 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Why Snap, Inc. Stock Rose 28.1% in February – Motley Fool (fool.com)
- Can Apple Inc. Snap Out of Its Growth Slowdown? (investorplace.com)
- PeerStream, Inc., Formerly Snap Interactive, Now Trading under New Ticker PEER (4-traders.com)
- Free Research Reports on These Internet Stocks — Momo, SINA, Snap, and Square (bizjournals.com)
A number of brokerages have issued reports on SNAP. Vetr cut Snap from a “strong-buy” rating to a “buy” rating and set a $20.88 price objective for the company. in a research note on Wednesday, February 21st. Citigroup cut Snap from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $18.00 to $13.00 in a research note on Tuesday, February 20th. ValuEngine upgraded Snap from a “sell” rating to a “hold” rating in a research note on Saturday, February 17th. Susquehanna Bancshares cut Snap from a “neutral” rating to a “sell” rating in a research note on Thursday, February 8th. Finally, Goldman Sachs Group reiterated a “buy” rating and set a $23.00 price objective (up previously from $18.00) on shares of Snap in a research note on Thursday, February 8th. Fifteen research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Snap has an average rating of “Hold” and an average target price of $17.99.
Snap (NYSE:SNAP) last posted its quarterly earnings data on Tuesday, February 6th. The company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. Snap had a negative return on equity of 100.64% and a negative net margin of 417.61%. The company had revenue of $285.69 million during the quarter, compared to analysts’ expectations of $251.74 million. equities analysts predict that Snap will post -1.17 EPS for the current fiscal year.
In other Snap news, Director Mitchell Lasky sold 25,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $15.81, for a total transaction of $395,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew Vollero sold 70,566 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $16.09, for a total value of $1,135,406.94. The disclosure for this sale can be found here. Insiders have sold 5,707,866 shares of company stock valued at $104,091,069 in the last three months.
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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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