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Friday, June 18, 2021

SNAP Receives Average “Buy” Rating From Brokerages

Snap Incorporated shares (NYSE: SNAP) received an average “buy” recommendation from the 39 analysts that are researching the company. 6 have given a rating of “hold” for the stock while 27 have given a rating of “buy”. The average price target quoted over a period of 12 months given by the brokerages covering the stock over the previous year stands at $67.31.

Stock Commentary On SNAP shares

Quite a few research analysts have issued their reports on the shares of SNAP. UBS Group upped its objective price to $85 from $70 while issuing a rating of “buy” on 24th February, Wednesday. Wolfe Research began covering the stock on 31st March, Wednesday. They issued a rating of “outperform” and an objective price of $65. Credit Suisse Group restated their rating of “buy” while giving a target price of $80 on 20th April, Tuesday. Deutsche Bank Aktiengesellschaft lowered its target price to $72 from $74 while issuing a rating of “buy” on 23rd April, Friday. Jefferies Financial Group upped its objective price to $85 from $61 while issuing a rating of “buy” on 2nd March, Tuesday.

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On Friday, SNAP shares opened with a value of $62.63. The moving average value over a period of 50 days stands at $58.75. The market capitalization value currently stands at $95.42 Bn with a 1.26 beta. The quick and current ratios of SNAP are presently 4.31 and 4.31 respectively. The highest and lowest values over a period of 52 weeks are $73.59 and $19.61 respectively.

Its latest data on quarterly earnings were posted on 22nd April, Thursday. An EPS of $0.19 was reported, underperforming from the consensus $0.21 estimate. A $769.58 Mn quarterly revenue was reported.

Robert C. Murphy, the CTO, had sold off 950,000 of SNAP share on 26th April, Monday at a $59.52 average price per share. Rebecca Morrow, the CAO, also sold off 9,060 shares on 16th April, Friday at a $62.08 average price per share.

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