Snap Inc (NYSE:SNAP) shares traded -3.55% lower at $16.02 on Wall Street last session.
SNAP stock price is now 5.23% away from the 50-day moving average and 22.82% away from the 200-day moving average. The market capitalization of the company currently stands at $26.29B.
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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, Andersen Derek, Chief Financial Officer sold 122,429 shares of the company’s stock on Jun 17 ’24. The stock was sold for $1,896,164 at an average price of $15.49. Upon completion of the transaction, the Chief Financial Officer now directly owns 2,385,578 shares in the company, valued at $38.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 17 ’24, General Counsel O’Sullivan Michael J. sold 58,924 shares of the business’s stock. A total of $913,811 was realized by selling the stock at an average price of $15.51. This leaves the insider owning 1,391,122 shares of the company worth $22.29 million. A total of 36.99% 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 $15.312 and a two-hundred day moving average price translates $13.07745 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.
