Snap (NYSE: SNAP) To Issue $739.70 Million Quarterly Sales

SNAP
SNAP

Snap (NYSE: SNAP) is expected to post $739.70 million in sales for the ongoing quarter by analysts on 20th April. The company has $728 million lowest estimate while the highest is $745.20 million. This indicates a 59.9% positive annualized growth rate.

On Tuesday, the firm started from $54.11 with the market cap being $81.61 billion. Their lowest in 12 months is $11.32 while the highest is $73.59. Their current, quick, and leverage ratio is 5.43, 5.43, and 0.75. Their 50 day rolling average is $59.37 and 200 days is 48.

According to their 4th February report, their quarterly EPS was $0.07 which was at par with the consensus estimate. They had a 49.74% net negative margin along with a 48.53% negative equity return. Their revenue was $911.32 million, exceeding the $847.44 million estimate.

Market Undertakings Of SNAP Stock

Wolfe Research assigned a price objective of $65 to the company shares with a rating of ‘outperform’. Jefferies Fin. Group raised it to $85 from $61 and gave a rating of ‘buy’. Susquehanna increased it to $58 from $40 and gave a rating of ‘neutral’. Bank of American demoted it to $67 from $78 and reassigned a rating of ‘neutral’. Huber Research upped it to ‘overweight’ from ‘underweight’. The firm has the average ‘buy’ recommendation with a $66.24 price objective.

Jerry J. Hunter, VP, sold off 11,023 Snap shares at $50.37 EPS worth $88,939,165.29. Derek Anderson, CFO, sold off 5,676 Snap shares at $50.50 EPS worth $286,638.

Lone Pine acquired new holdings in company stock and own $976,895,000 worth of shares. Renaissance technologies bought a new stake, owning $262,462,000 worth of shares. Lord Abbett upgraded their position by nearly 262.3% and own shares priced at $203,244,000. Swedbank bought a new stake and own $115,673,000 worth of shares. Zevenbergen Cap. Investments acquired new position, owning $81,224,000 worth shares. 47.52% SNAP stock is owned by institutional owners.

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