In yesterday’s Wall Street session, Snap Inc (NYSE:SNAP) shares traded at $11.96, down -0.42% from the previous session.
SNAP stock price is now 13.82% away from the 50-day moving average and -3.90% away from the 200-day moving average. The market capitalization of the company currently stands at $19.30B.
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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, Spiegel Evan, Chief Executive Officer sold 150,000 shares of the company’s stock on Oct 31 ’24. The stock was sold for $1,878,525 at an average price of $12.52. Upon completion of the transaction, the Chief Executive Officer now directly owns 3,177,844 shares in the company, valued at $38.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 31 ’24, Chief Technology Officer Murphy Robert C. sold 1,000,000 shares of the business’s stock. A total of $12,504,800 was realized by selling the stock at an average price of $12.50. This leaves the insider owning 57,210,989 shares of the company worth $684.24 million. A total of 36.26% 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 1.92, a current ratio of 4.04, and a quick ratio of 4.04. The fifty day moving average price for SNAP is $10.4558 and a two-hundred day moving average price translates $12.4673 for the stock.
The latest earnings results from Snap Inc (NYSE: SNAP) was released for 2024-09-30. The net profit margin was -18.49% and return on equity was -40.62% for SNAP. The company reported revenue of $1.37 billion for the quarter, compared to $1.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.48 percent.
