The Director of SNAP, Joanna Coles has gone ahead and sold around 2,201 shares of the stock of this company in a 14th April transaction. The average price of the transaction was $64.16, with the total transaction coming to a sum of $141,216.16. The Director now has ownership of around 47,604 shares of this company- which has a total valuation of about $3,054,272.64.
The Quarterly Estimates Of SNAP
The stocks of SNAP traded on Friday at $2.64. The debt-to-equity ratio of the company is 0.75, with a 5.43 current ratio, along with a 5.43 quick ratio. The market cap of the firm has been set at $92.38 billion, with a -81.67 PE ratio, along with a 1.29 beta. The year low of the company has been set at $12.44, with the year high fixed at $73.59. The moving average price of the company over a period of 50 days has been $58.74, with the moving average price of the company over 200 days set at $49.83.
SNAP did publish its quarterly results on the 4th of February. The EPS reported by the company was $0.07, which was similar to the consensus estimate set at $0.07. The net margin of the company was a negative 49.74%, with a negative 48.53% return on their equity. The revenue generated by the company during this period was $911.32 million, which was considerably more than the consensus estimate of $847.44 million.
There have been quite a few research equities that have commented on the stocks of SNAP. Cowen has already increased the price target of the firm from $86 to $88 along with a rating of “outperform” in a Thursday research report. Susquehanna also increased the price target of the company from $40 to $58 with a rating of neutral in a 5th February research note.
Atlantic Securities also increased the rating of SNAP from neutral to overweight with a price target set at $75 in a Tuesday research note. MKM Partners has also increased the price target of the company from $65 to $83 in a 24th February research note.