In yesterday’s Wall Street session, Snap Inc (NYSE:SNAP) shares traded at $15.59, down -0.13% from the previous session.
SNAP stock price is now 9.81% away from the 50-day moving average and 22.40% away from the 200-day moving average. The market capitalization of the company currently stands at $25.58B.
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On January 17, 2024, Piper Sandler reiterated its ‘Neutral’ rating on the stock by increasing its target price from $12 to quote $17, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, Coles Joanna, Director sold 3,950 shares of the company’s stock on Jun 11 ’24. The stock was sold for $59,922 at an average price of $15.17. Upon completion of the transaction, the Director now directly owns 46,492 shares in the company, valued at $0.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31 ’24, General Counsel O’Sullivan Michael J. sold 18,000 shares of the business’s stock. A total of $270,241 was realized by selling the stock at an average price of $15.01. This leaves the insider owning 449,383 shares of the company worth $7.01 million. A total of 37.01% of the company’s stock is owned by insiders.
During the past 12 months, Snap Inc has had a low of $8.28 and a high of $17.90. As of last week, the company has a debt-to-equity ratio of 1.83, a current ratio of 3.76, and a quick ratio of 3.76. The fifty day moving average price for SNAP is $14.2884 and a two-hundred day moving average price translates $12.7651 for the stock.
The latest earnings results from Snap Inc (NYSE: SNAP) was released for 2024-03-31. The net profit margin was -26.99% and return on equity was -55.16% for SNAP. The company reported revenue of $1.19 billion for the quarter, compared to $988.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.85 percent.
