SNAP Receives Average “Buy” Rating


Snap Inc. (NYSE: SNAP) got an average rating of “buy” from the 38 research analysts currently covering it. The general price target stands at $67.

Stock Commentary Of SNAP

Quite a few research analysts have covered the stock recently. Deutsch Bank Aktiengesellschaft increased their price target to $74 from $60 for the stock on 24th February, Wednesday. Citigroup upped their objective price to $40 from $29 on 12th February, Friday for the stock. JMP Securities issued a rating of “outperform” on 5th February, Friday and increased the price target to $75 from $40. UBS Group increased their price target to $85 from $70 while issuing a rating of “buy” on 2nd March, Tuesday. Finally, MKM Partners increased their price target to $83 from $65 on 24th February, Wednesday.

Jerry James Hunter, the VP, sold off 10023 SNAP shares on 19th April, Monday at a $60.33 average price per share. Jeremi Gorman, an insider, sold off 15271 of the shares on 19th April, Monday at a $60.18 average price per share. Tokio Marine Asset Management Co. Ltd., Parallel Advisors LLC, DekaBank Deutsche Girozentrale, Janus Henderson Group PLC, and Junson Asset Management Hong Kong Ltd all increased their share of SNAP shares.

On Thursday, SNAP shares opened at a value of $58.30. The highest and the lowest value of the stock in 52 weeks are $73.59 and $14.85 respectively. The company’s market capitalization value stands at $87.93B with a 1.29 beta. In its latest quarterly earnings announcement on 4th February, Thursday, it reported an EPS of $0.07, hitting the estimated $0.07. The moving average of the stock over 50 days stands at $58.14 while that for 200 days stands at $50.87. The stock also has a negative 49.74% net margin.

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