Stocks of Snap Inc (NYSE:SNAP) traded higher last session on Wall Street, up 0.27% to $11.34.
SNAP stock price is now -0.05% away from the 50-day moving average and -7.85% away from the 200-day moving average. The market capitalization of the company currently stands at $18.90B.
With the price target maintained at $17, JMP Securities recently Upgraded its rating from Mkt Perform to Mkt Outperform for Snap Inc (NYSE: SNAP). On September 20, 2024, B. Riley Securities recently initiated its ‘Neutral’ rating on the stock quoting a target price of $11, while ‘Cantor Fitzgerald’ rates the stock as ‘Neutral’
In other news, O’Sullivan Michael J., Officer bought 56,961 shares of the company’s stock on Dec 16 ’24. The stock was bought for $651,816 at an average price of $11.44. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Officer Andersen Derek bought 94,164 shares of the business’s stock. A total of $1,077,454 was incurred on buying the stock at an average price of $11.44. A total of 35.98% of the company’s stock is owned by insiders.
During the past 12 months, Snap Inc has had a low of $8.29 and a high of $17.90. As of last week, the company has a debt-to-equity ratio of 1.92, a current ratio of 4.04, and a quick ratio of 4.04. The fifty day moving average price for SNAP is $11.3346 and a two-hundred day moving average price translates $12.3061 for the stock.
The latest earnings results from Snap Inc (NYSE: SNAP) was released for 2024-09-30. The net profit margin was -18.49% and return on equity was -40.62% for SNAP. The company reported revenue of $1.37 billion for the quarter, compared to $1.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.48 percent.
