Snap (NYSE: SNAP) Receives Increased Price Target of $81.50 From Pivotal Research


The price objective of Snap (NYSE: SNAP) has been increased to almost $81.50 from Pivotal Research through a note released to the investors on 5th February, Friday. The company presently has a rating of ‘buy’. The price objective indicates a 28.06% possible upside from the previous close of the stock.

On Friday, the company started from $63.64 with the market cap being $94.82B. The lowest in 1 year is $7.89 while the highest is $64.44. Their 50-day rolling average stands at $52.26 while the 200 day is at $36.94.

Market Undertakings Of SNAP Stock

JPMorgan Chase and Co. has raised the price objective of company shares to $60 from $42 and gave a rating of ‘overweight’. Smith Citigroup increased it to $24 from $19. MKM Partners raised it to $40 from $29. Wedbush promoted it to $52 from $34.50 and gave a rating of ‘neutral’. Credit Suisse raised it to $59 from $39 and gave a rating of ‘outperform’. The company has a consensus ‘buy’ rating with a $51.60 price objective.

Derek Andersen, CFO, sold off 5,676 SNAP shares at $50.50 EPS worth $286,638. Jerry J. Hunter, VP, sold off 89,149 company shares at $39.69 EPS worth $3,538,323.81. Insiders sold 533,831 Snap shares in the past 90 days priced at $23,271,105.

Riggs Management acquired new holdings in the stock worth almost $25,000 in Q4. Joseph Lucia and Associates purchased a new position priced at $31,000 in Q4. Arlington partners raised their stake by approximately 43.8%, owning $36,000 worth of shares in Q4. Sentry Group San Francisco bought a new position priced at $26,000 in Q3. Clear Harbour Management acquired a new stake worth $31,000 in Q3. 47.52% SNAP stock is owned by institutional investors.