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Friday, June 18, 2021

SNAP Has Sold Close To 2,201 Shares Of Their Stock

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. 

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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. 

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