In yesterday’s Wall Street session, Snap Inc (NYSE:SNAP) shares traded at $12.11, up 2.54% from the previous session.
SNAP stock price is now 9.58% away from the 50-day moving average and -1.13% away from the 200-day moving average. The market capitalization of the company currently stands at $20.66B.
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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, Michael O’Sullivan Living Trus, Officer bought 18,000 shares of the company’s stock on Nov 29 ’24. The stock was bought for $208,980 at an average price of $11.61. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, SVP of Engineering Young Eric sold 50,000 shares of the business’s stock. A total of $526,765 was realized by selling the stock at an average price of $10.54. This leaves the insider owning 752,110 shares of the company worth $9.11 million. A total of 36.25% 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 $11.0102 and a two-hundred day moving average price translates $12.24525 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.
