The stock of Snap Inc (NYSE:SNAP) last traded at $10.86, down -1.18% from the previous session.
SNAP stock price is now -4.89% away from the 50-day moving average and -11.60% away from the 200-day moving average. The market capitalization of the company currently stands at $17.87B.
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, Morrow Rebecca, CAO sold 2,812 shares of the company’s stock on Dec 16 ’24. The stock was sold for $32,182 at an average price of $11.44. Upon completion of the transaction, the CAO now directly owns 430,252 shares in the company, valued at $4.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Chief Financial Officer Andersen Derek sold 94,164 shares of the business’s stock. A total of $1,077,453 was realized by selling the stock at an average price of $11.44. This leaves the insider owning 2,193,806 shares of the company worth $23.82 million. A total of 35.97% 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 $17.75. 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 $11.4106 and a two-hundred day moving average price translates $12.2882 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.
