Snap (SNAP) – Latest updates of investment analysts’ ratings


click (NYSE: SNAP) recently received a number of changes in target prices and rating updates:

  • June 16, 2022 – The price of Snap was reduced by analysts at UBS Group AG from $ 45.00 to $ 17.00. They now have a “buy” rating on the shares.
  • June 9, 2022 – The price of Snap was reduced by analysts from The Goldman Sachs Group, Inc. from $ 60.00 to $ 25.00. They now have a “buy” rating on the shares.
  • 6/6/2022 – Snap was downgraded by analysts at Huber Research from an overweight rating to an underweight rating.
  • June 6, 2022 – Snap’s price target was lowered by analysts at Deutsche Bank Aktiengesellschaft from $ 45.00 to $ 30.00.
  • June 2, 2022 – Snap was downgraded by Piper Sandler analysts from “overweight” to “neutral”. They now have a target price of $ 18.00 per share, which was previously a drop of $ 30.00.
  • June 1, 2022 – The price of Snap was reduced by analysts from Morgan Stanley from $ 55.00 to $ 24.00. They now have an “overweight” rating on the shares.
  • May 31, 2022 – Snap’s price target was reduced by analysts at Credit Suisse Group AG from $ 77.00 to $ 59.00. Now they have a rating “superior” to the shares.
  • May 31, 2022 – Snap was downgraded by Vertical Research analysts to a “buy” rating.
  • May 27, 2022 – Snap was downgraded by TheStreet analysts from “c-” to “d +”.
  • May 26, 2022 – Snap’s price target was reduced by analysts at Loop Capital from $ 65.00 to $ 26.00. They now have a “buy” rating on the shares.
  • May 26, 2022 – Snap’s price target was reduced by analysts from Moffett Nathanson to $ 23.00.
  • May 25, 2022 – Snap’s price target was reduced by analysts at Susquehanna Bancshares, Inc. from $ 34.00 to $ 14.00. They now have a “neutral” stock rating.
  • May 25, 2022 – Snap’s price target was reduced by analysts at Cowen Inc. up to $ 17.00.
  • May 25, 2022 – The price of Snap was reduced by analysts in Susquehanna from $ 34.00 to $ 14.00.
  • May 24, 2022 – The price of Snap was reduced by analysts at KeyCorp from $ 45.00 to $ 27.00. They now have an “overweight” rating on the shares.
  • May 24, 2022 – The price target for Snap was reduced by analysts from Piper Sandler from $ 50.00 to $ 30.00. They now have an “overweight” rating on the shares.
  • May 24, 2022 – Snap’s price target was reduced by analysts at Oppenheimer Holdings Inc. from $ 40.00 to $ 30.00. Now they have a rating “superior” to the shares.
  • May 24, 2022 – The price of Snap was reduced by analysts from Wolfe Research from $ 31.00 to $ 22.00. Now they have a rating “superior” to the shares.
  • May 24, 2022 – Snap’s price target was reduced by Atlantic Securities analysts from $ 70.00 to $ 26.00. They now have a “na” rating on the shares.
  • May 24, 2022 – Snap’s price target was reduced by analysts at JMP Securities from $ 50.00 to $ 45.00. They now have a “market superiority” rating on the shares.
  • May 24, 2022 – Snap’s price target was reduced by analysts at Rosenblatt Securities from $ 49.00 to $ 23.00. They now have a “buy” rating on the shares.
  • May 24, 2022 – The price of Snap was reduced by analysts at MKM Partners from $ 41.00 to $ 26.00. They now have a “buy” rating on the shares.
  • May 24, 2022 – Snap’s price target was reduced by analysts at Truist Financial Co. from $ 60.00 to $ 33.00. They now have a “buy” rating on the shares.
  • May 24, 2022 – Snap’s price target was reduced by analysts at Bank of America Co. from $ 50.00 to $ 30.00. They now have a “buy” rating on the shares.
  • May 24, 2022 – Snap’s price target was reduced by analysts at Benchmark Co. from $ 40.00 to $ 20.00. Now they have a “buy” rating on the shares.
  • May 24, 2022 – Snap’s price target was reduced by analysts at Jefferies Financial Group Inc. from $ 52.00 to $ 30.00.
  • May 24, 2022 – Snap’s price target was reduced by analysts at the Royal Bank of Canada from $ 35.00 to $ 17.00.
  • May 24, 2022 – Snap’s price target was reduced by analysts at JPMorgan Chase & Co. from $ 47.00 to $ 26.00.
  • April 26, 2022 – Snap’s price target was reduced by Wedbush analysts from $ 40.00 to $ 34.00.
  • April 22, 2022 – Snap’s price target was reduced by analysts at the Royal Bank of Canada from $ 42.00 to $ 35.00. They now have an “industry sector” rating.
  • April 22, 2022 – The price of Snap was reduced by analysts from Wells Fargo & Company from $ 60.00 to $ 48.00. They now have an “overweight” rating on the shares.
  • April 22, 2022 – Snap’s price target was reduced by Morgan Stanley analysts from $ 59.00 to $ 55.00. They now have an “overweight” rating on the shares.
  • April 22, 2022 – Snap’s price target was reduced by analysts at JPMorgan Chase & Co. from $ 50.00 to $ 47.00. They now have an “overweight” rating on the shares.
  • April 22, 2022 – Snap’s price target was reduced by analysts at Barclays PLC from $ 77.00 to $ 42.00. They now have an “overweight” rating on the shares.
  • April 22, 2022 – The price target for Snap was reduced by analysts from Piper Sandler from $ 53.00 to $ 50.00. They now have an “overweight” rating on the shares.
  • April 22, 2022 – Snap’s price target was reduced by analysts at Susquehanna Bancshares, Inc. from $ 42.00 to $ 34.00. They now have a “neutral” stock rating.
  • April 22, 2022 – Snap’s price target was reduced by analysts at Susquehanna from $ 42.00 to $ 34.00. They now have a “neutral” stock rating.
  • April 22, 2022 – Snap’s price target was reduced by analysts at JMP Securities from $ 65.00 to $ 50.00. They now have a “market superiority” rating on the shares.
  • April 22, 2022 – The price of Snap was reduced by analysts at Canaccord Genuity Group Inc. from $ 46.00 to $ 40.00. They now have a share hold rating.
  • April 22, 2022 – The price of Snap was reduced by analysts at MKM Partners from $ 47.00 to $ 41.00. They now have a “buy” rating on the shares.
  • April 22, 2022 – Snap’s price target was reduced by analysts from Stifel Nicolaus from $ 50.00 to $ 45.00. They now have a “buy” rating on the shares.
  • April 22, 2022 – Snap’s price target was reduced by analysts at Benchmark Co. from $ 50.00 to $ 40.00. They now have a “buy” rating on the shares.
  • April 22, 2022 – The price of Snap was reduced by analysts at Canaccord Genuity Group Inc. from $ 46.00 to $ 40.00.
  • April 22, 2022 – Snap’s price target was reduced by analysts in the Evercore ISI from $ 58.00 to $ 47.00.

The NYSE SNAP opened at $ 12.42 on Tuesday. The business has a 50-day moving average price of $ 22.15 and a 200-day moving average price of $ 32.95. Snap Inc. has a one-year low of $ 11.88 and a one-year high of $ 83.34. The company has a debt-to-equity ratio of 1.05, a fast ratio of 7.19 and a current ratio of 7.19. The company has a market capitalization of $ 20.32 billion, a P / E ratio of -34.50 and a beta of 1.22.

Snap (NYSE: SNAP – Get Rating) last released its quarterly earnings data on Thursday, April 21. The company reported ($ 0.02) EPS for the quarter, with a consensus estimate of $ 0.01 ($ 0.03). Snap had a negative net margin of 12.71% and a negative return on equity of 16.37%. The company had revenue of $ 1.06 billion in the quarter, compared to analysts’ estimates of $ 1.07 billion. During the same period last year, the company reported ($ 0.19) earnings per share. The company’s revenue for the quarter increased by 38.1% compared to the same quarter last year. As a group, sales analysts predict that Snap Inc. will report -0.51 EPS for the current fiscal year.

In other Snap news, Vice President Jerry James Hunter sold 63,913 shares of the company’s stock in a deal on Monday (May 16th). The shares were sold at an average price of $ 23.83 for a total value of $ 1,523,046.79. Following the completion of the sale, the vice president now directly owns 1,379,515 shares of the company’s stock, valued at approximately $ 32,873,842.45. The sale is disclosed in documentation in the Securities and Exchange Commission, which you can access through this hyperlink. In addition, CFO Derek Andersen sold 6,718 shares of the company’s shares in a deal on Wednesday (June 15th). The shares were sold at an average price of $ 11.91, for a total value of $ 80,011.38. Following the sale, the chief financial officer now directly owns 1,138,505 shares of the company’s stock worth $ 13,559,594.55. The revelation for this sale can be found here. In the last three months, insiders sold 1,539,188 shares of the company’s stock worth $ 43,340,138.

Several institutional investors and hedge funds have recently changed their holdings in business. Edgewood Management LLC increased its position in Snap shares by 9.0% in the first quarter. Edgewood Management LLC already owns 79,851,942 shares of the company’s stock worth $ 2,873,871,000 after buying an additional 6,591,367 shares in the last quarter. Vanguard Group Inc. increased its position in Snap shares by 1.7% in the first quarter. Vanguard Group Inc. already owns 66,340,585 shares of the company’s stock worth $ 2,387,598,000 after buying an additional 1,117,703 shares in the last quarter. Jennison Associates LLC increased its position in shares of Snap by 0.4% in the first quarter. Jennison Associates LLC now owns 34,228,424 shares of the company’s stock worth $ 1,231,881,000 after buying an additional 120,553 shares in the last quarter. Lone Pine Capital LLC increased its position in Snap shares by 47.9% in the 4th quarter. Lone Pine Capital LLC now owns 33,478,637 shares of the company’s stock worth $ 1,574,500,000 after purchasing an additional 10,839,980 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Snap shares by 95.8% in the first quarter. Wellington Management Group LLP now owns 17,811,242 shares of the company’s stock worth $ 641,028,000 after buying an additional 8,712,380 shares in the last quarter. 53.88% of the shares are owned by institutional investors and hedge funds.

Snap Inc operates as a camera company in North America, Europe and internationally. The company offers Snapchat, a camera app with various features such as Camera, Communication, Snap Map, Stories and Spotlight that allow people to communicate visually through short videos and images.

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