Insider Selling: Snap Inc. (SNAP) Director Sells $268,750.00 in Stock

Snap Inc. (NYSE:SNAP) Director Mitchell Lasky sold 25,000 shares of the business’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $10.75, for a total transaction of $268,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mitchell Lasky also recently made the following trade(s):

  • On Tuesday, May 15th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.62, for a total transaction of $265,500.00.
  • On Tuesday, May 8th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $10.97, for a total transaction of $274,250.00.
  • On Tuesday, May 1st, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.05, for a total transaction of $351,250.00.
  • On Tuesday, April 24th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.67, for a total transaction of $391,750.00.
  • On Tuesday, April 17th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.79, for a total transaction of $369,750.00.
  • On Tuesday, April 10th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.37, for a total transaction of $359,250.00.
  • On Tuesday, April 3rd, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $14.06, for a total transaction of $351,500.00.
  • On Tuesday, March 27th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $16.34, for a total transaction of $408,500.00.
  • On Tuesday, March 20th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $15.96, for a total transaction of $399,000.00.
  • On Tuesday, March 13th, Mitchell Lasky sold 25,000 shares of Snap stock. The stock was sold at an average price of $17.60, for a total transaction of $440,000.00.

Snap opened at $10.71 on Friday, MarketBeat.com reports. Snap Inc. has a one year low of $10.50 and a one year high of $21.75. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of -5.15 and a beta of -2.52.

Snap (NYSE:SNAP) last released its quarterly earnings data on Tuesday, May 1st. The company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.16. Snap had a negative net margin of 179.04% and a negative return on equity of 49.23%. The firm had revenue of $230.70 million for the quarter, compared to the consensus estimate of $244.57 million. During the same period in the previous year, the company earned ($2.31) earnings per share. The company’s quarterly revenue was up 54.2% on a year-over-year basis. equities research analysts predict that Snap Inc. will post -1.15 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in SNAP. Steward Partners Investment Advisory LLC grew its stake in shares of Snap by 967.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,005 shares of the company’s stock valued at $116,000 after acquiring an additional 7,255 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Snap in the first quarter valued at about $134,000. Aperio Group LLC acquired a new position in shares of Snap in the fourth quarter valued at about $149,000. First Allied Advisory Services Inc. acquired a new position in shares of Snap in the fourth quarter valued at about $152,000. Finally, Garde Capital Inc. acquired a new position in shares of Snap in the fourth quarter valued at about $160,000. Institutional investors and hedge funds own 21.36% of the company’s stock.

A number of analysts have recently commented on the stock. Bank of America raised shares of Snap from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday, February 7th. Susquehanna Bancshares lowered shares of Snap from a “neutral” rating to a “sell” rating in a research report on Thursday, February 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $16.00 price target on shares of Snap in a research report on Wednesday, May 2nd. Vetr lowered shares of Snap from a “strong-buy” rating to a “buy” rating and set a $20.88 price target on the stock. in a research report on Wednesday, February 21st. Finally, Evercore ISI lowered shares of Snap from an “in-line” rating to an “underperform” rating and set a $7.00 price target on the stock. in a research report on Wednesday, May 2nd. Twelve analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.66.

About Snap

Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows to creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps to surface the most interesting stories from publishers, creators, and the community, based on a user's subscriptions and interests.

Insider Buying and Selling by Quarter for Snap (NYSE:SNAP)

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