Snap Inc (NYSE:SNAP) VP Jerry James Hunter Sells 8,100 Shares

Snap Inc (NYSE:SNAP) VP Jerry James Hunter sold 8,100 shares of Snap stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $15.31, for a total value of $124,011.00. Following the sale, the vice president now directly owns 1,692,578 shares of the company’s stock, valued at approximately $25,913,369.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jerry James Hunter also recently made the following trade(s):

  • On Thursday, July 18th, Jerry James Hunter sold 12,797 shares of Snap stock. The stock was sold at an average price of $15.12, for a total value of $193,490.64.
  • On Thursday, June 20th, Jerry James Hunter sold 39,943 shares of Snap stock. The stock was sold at an average price of $14.90, for a total value of $595,150.70.
  • On Monday, June 17th, Jerry James Hunter sold 70,702 shares of Snap stock. The stock was sold at an average price of $13.74, for a total value of $971,445.48.
  • On Thursday, May 16th, Jerry James Hunter sold 68,256 shares of Snap stock. The stock was sold at an average price of $11.34, for a total value of $774,023.04.
  • On Monday, May 20th, Jerry James Hunter sold 107,370 shares of Snap stock. The stock was sold at an average price of $11.32, for a total value of $1,215,428.40.

SNAP stock traded up $0.22 during mid-day trading on Friday, hitting $16.98. 25,257,567 shares of the company were exchanged, compared to its average volume of 41,015,448. The firm has a market cap of $23.12 billion, a P/E ratio of -17.51 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.53 and a quick ratio of 4.53. Snap Inc has a twelve month low of $4.82 and a twelve month high of $18.36. The stock’s fifty day moving average is $15.56.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported ($0.19) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.02. Snap had a negative net margin of 77.54% and a negative return on equity of 46.46%. The company had revenue of $388.02 million during the quarter, compared to analyst estimates of $358.16 million. During the same period last year, the business earned ($0.14) EPS. The firm’s revenue for the quarter was up 48.0% compared to the same quarter last year. On average, equities research analysts expect that Snap Inc will post -0.71 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of SNAP. FMR LLC lifted its holdings in shares of Snap by 2.8% during the fourth quarter. FMR LLC now owns 22,150,589 shares of the company’s stock worth $122,050,000 after buying an additional 606,983 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Snap by 2.7% in the 4th quarter. BlackRock Inc. now owns 14,919,140 shares of the company’s stock valued at $82,205,000 after buying an additional 396,692 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Snap by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 4,810,361 shares of the company’s stock valued at $26,505,000 after buying an additional 208,932 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Snap by 5.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,274,764 shares of the company’s stock valued at $46,830,000 after buying an additional 162,278 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Snap in the 2nd quarter valued at about $36,518,000. Hedge funds and other institutional investors own 26.12% of the company’s stock.

A number of research analysts have issued reports on SNAP shares. Citigroup lifted their target price on Snap from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Zacks Investment Research cut Snap from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Moffett Nathanson reiterated a “neutral” rating and issued a $10.00 target price (up previously from $8.00) on shares of Snap in a research report on Monday, July 1st. Jefferies Financial Group lifted their target price on Snap from $13.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Pivotal Research reiterated a “buy” rating and issued a $20.50 target price on shares of Snap in a research report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twelve have assigned a buy rating to the company. Snap has an average rating of “Hold” and a consensus price target of $14.88.

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 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 surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.

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