Snap Inc (NYSE:SNAP) shares traded 2.49% higher at $10.71 on Wall Street last session.
SNAP stock price is now 7.44% away from the 50-day moving average and -15.35% away from the 200-day moving average. The market capitalization of the company currently stands at $17.77B.
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With the price target maintained at $17, JMP Securities recently Upgraded its rating from Mkt Perform to Mkt Outperform for Snap Inc (NYSE: SNAP). On September 20, 2024, B. Riley Securities recently initiated its ‘Neutral’ rating on the stock quoting a target price of $11, while ‘Cantor Fitzgerald’ rates the stock as ‘Neutral’
In other news, O’Sullivan Michael J., General Counsel sold 18,000 shares of the company’s stock on Sep 30 ’24. The stock was sold for $194,623 at an average price of $10.81. Upon completion of the transaction, the General Counsel now directly owns 489,058 shares in the company, valued at $5.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 30 ’24, Officer Michael O’Sullivan Living Trus bought 18,000 shares of the business’s stock. A total of $192,600 was incurred on buying the stock at an average price of $10.70. A total of 36.47% of the company’s stock is owned by insiders.
During the past 12 months, Snap Inc has had a low of $8.29 and a high of $17.90. As of last week, the company has a debt-to-equity ratio of 2.05, a current ratio of 3.98, and a quick ratio of 3.98. The fifty day moving average price for SNAP is $9.9686 and a two-hundred day moving average price translates $12.6515 for the stock.
The latest earnings results from Snap Inc (NYSE: SNAP) was released for 2024-06-30. The net profit margin was -23.49% and return on equity was -51.19% for SNAP. The company reported revenue of $1.24 billion for the quarter, compared to $1.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.84 percent.
