Jeremi Gorman Sells 15,239 Shares of Snap Inc. (NYSE:SNAP) Stock

Snap Inc. (NYSE:SNAP) insider Jeremi Gorman sold 15,239 shares of the stock in a transaction that occurred on Monday, July 19th. The stock was sold at an average price of $58.34, for a total transaction of $889,043.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Jeremi Gorman also recently made the following trade(s):

  • On Friday, July 16th, Jeremi Gorman sold 36,183 shares of Snap stock. The stock was sold at an average price of $58.70, for a total transaction of $2,123,942.10.
  • On Wednesday, June 16th, Jeremi Gorman sold 35,472 shares of Snap stock. The stock was sold at an average price of $61.62, for a total transaction of $2,185,784.64.
  • On Monday, May 17th, Jeremi Gorman sold 35,103 shares of Snap stock. The stock was sold at an average price of $52.98, for a total transaction of $1,859,756.94.

Shares of NYSE SNAP opened at $63.39 on Thursday. Snap Inc. has a twelve month low of $20.61 and a twelve month high of $73.59. The business’s fifty day moving average price is $62.13. The company has a market capitalization of $99.58 billion, a P/E ratio of -99.05 and a beta of 1.27. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.31 and a quick ratio of 4.31.

Snap (NYSE:SNAP) last announced its earnings results on Thursday, April 22nd. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.02. Snap had a negative net margin of 32.90% and a negative return on equity of 43.12%. The business had revenue of $769.58 million during the quarter, compared to the consensus estimate of $739.61 million. During the same quarter last year, the firm earned ($0.08) earnings per share. Snap’s quarterly revenue was up 66.4% on a year-over-year basis. As a group, analysts anticipate that Snap Inc. will post -0.48 earnings per share for the current year.

SNAP has been the topic of several analyst reports. Morgan Stanley increased their price target on shares of Snap from $74.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, April 23rd. KeyCorp reduced their price target on shares of Snap from $87.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 23rd. Wolfe Research initiated coverage on shares of Snap in a research report on Wednesday, March 31st. They set an “outperform” rating and a $65.00 price target on the stock. Evercore ISI reiterated a “buy” rating on shares of Snap in a research report on Sunday, April 25th. Finally, Barclays increased their price target on shares of Snap from $66.00 to $75.00 in a research report on Friday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-nine have given a buy rating to the stock. Snap has an average rating of “Buy” and a consensus price target of $68.86.

A number of large investors have recently bought and sold shares of SNAP. Los Angeles Capital Management LLC acquired a new stake in Snap in the fourth quarter worth $389,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Snap during the fourth quarter valued at about $425,000. Eaton Vance Management grew its holdings in shares of Snap by 25.9% during the fourth quarter. Eaton Vance Management now owns 96,569 shares of the company’s stock valued at $4,835,000 after buying an additional 19,866 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Snap by 29.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 30,704 shares of the company’s stock valued at $1,537,000 after buying an additional 6,931 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Snap by 16.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 6,396 shares of the company’s stock valued at $320,000 after buying an additional 910 shares during the last quarter. Institutional investors and hedge funds own 52.74% of the company’s stock.

About Snap

Snap, Inc engages in the operation of its camera platform. Its products include Snapchat, using the camera and editing tools to take and share Snaps, Friends Page, which lets users create and use Stories, Groups, Video and Chat, Discover for searching and surfacing relevant Stories, Snap Map, which shows friends, Stories and Snaps near the user, Memories, for saving personal collections, and Spectacles, wearable sunglasses capable of taking Snaps and interacting directly with the Snapchat application.

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

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