Snap Inc (NYSE:SNAP) shares traded -1.16% lower at $11.06 on Wall Street last session.
SNAP stock price is now -19.21% away from the 50-day moving average and -7.13% away from the 200-day moving average. The market capitalization of the company currently stands at $18.26B.
With the price target enhanced from $12 to $17, Piper Sandler maintained Neutral rating for Snap Inc (NYSE: SNAP). On January 09, 2024, BMO Capital Markets recently initiated its ‘Outperform’ rating on the stock quoting a target price of $22, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, O’Sullivan Michael J., General Counsel sold 18,000 shares of the company’s stock on Feb 29 ’24. The stock was sold for $199,033 at an average price of $11.06. Upon completion of the transaction, the General Counsel now directly owns 443,005 shares in the company, valued at $4.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 29 ’24, General Counsel O’Sullivan Michael J. sold 160 shares of the business’s stock. A total of $1,769 was realized by selling the stock at an average price of $11.06. This leaves the insider owning 1,326,834 shares of the company worth $14.67 million. A total of 36.89% of the company’s stock is owned by insiders.
During the past 12 months, Snap Inc has had a low of $7.86 and a high of $17.90. As of last week, the company has a debt-to-equity ratio of 1.80, a current ratio of 4.39, and a quick ratio of 4.39. The fifty day moving average price for SNAP is $13.59 and a two-hundred day moving average price translates $11.91 for the stock.
The latest earnings results from Snap Inc (NYSE: SNAP) was released for Dec, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.07, beating analysts’ expectations of $0.06 by 0.01. This compares to -$0.18 EPS in the same period last year. The net profit margin was -28.71% and return on equity was -52.95% for SNAP. The company reported revenue of $1.36 billion for the quarter, compared to $1.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.74 percent. For the current quarter, analysts expect SNAP to generate $1.03B in revenue.
