Snap Inc (NYSE:SNAP) shares traded 0.48% higher at $12.50 on Wall Street last session.
SNAP stock price is now 11.14% away from the 50-day moving average and 1.72% away from the 200-day moving average. The market capitalization of the company currently stands at $21.43B.
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, Coles Joanna, Director bought 303 shares of the company’s stock on Dec 09 ’24. The stock was bought for $3,788 at an average price of $12.50. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’24, General Counsel O’Sullivan Michael J. sold 18,000 shares of the business’s stock. A total of $213,932 was realized by selling the stock at an average price of $11.89. This leaves the insider owning 464,009 shares of the company worth $5.8 million. A total of 36.25% 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 $11.2148 and a two-hundred day moving average price translates $12.2803 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.
