Snap (NYSE:SNAP) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday. They currently have a $22.73 price target on the stock. Vetr‘s price objective would suggest a potential upside of 20.90% from the company’s current price.
SNAP has been the subject of a number of other research reports. Bank of America raised shares of Snap from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Wednesday. SunTrust Banks reaffirmed a “sell” rating and issued a $10.00 price objective on shares of Snap in a report on Thursday, October 12th. BidaskClub cut shares of Snap from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Raymond James Financial reaffirmed an “underperform” rating on shares of Snap in a report on Friday, January 12th. Finally, Wedbush reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Snap in a report on Friday, November 3rd. Fourteen investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.25.
Snap (NYSE SNAP) opened at $18.80 on Thursday. Snap has a fifty-two week low of $11.28 and a fifty-two week high of $29.44.
In other Snap news, Director Mitchell Lasky sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $12.53, for a total value of $313,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Michael J. O’sullivan sold 10,016 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $12.54, for a total transaction of $125,600.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,230,407 shares of company stock valued at $32,578,428.
Large investors have recently bought and sold shares of the business. First Manhattan Co. boosted its holdings in Snap by 384.5% in the 3rd quarter. First Manhattan Co. now owns 7,631 shares of the company’s stock valued at $110,000 after purchasing an additional 6,056 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Snap by 967.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,005 shares of the company’s stock valued at $116,000 after purchasing an additional 7,255 shares during the last quarter. WFG Advisors LP boosted its holdings in Snap by 52.4% in the 2nd quarter. WFG Advisors LP now owns 7,377 shares of the company’s stock valued at $131,000 after purchasing an additional 2,537 shares during the last quarter. Nelson Roberts Investment Advisors LLC boosted its holdings in Snap by 10,033.0% in the 3rd quarter. Nelson Roberts Investment Advisors LLC now owns 10,133 shares of the company’s stock valued at $147,000 after purchasing an additional 10,033 shares during the last quarter. Finally, Westwood Holdings Group Inc. acquired a new position in Snap in the 2nd quarter valued at about $148,000. Institutional investors own 18.97% of the company’s stock.
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Snap Company Profile
Snap Inc, formerly Snapchat, Inc, is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.
To view Vetr’s full report, visit Vetr’s official website.
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