Snap Inc (SNAP) Rating Reiterated by Barclays PLC

Snap Inc (SNAP) Rating Reiterated by Barclays PLC

Snap Inc (SNAP) Rating Reiterated by Barclays PLC

Snap's stock was last up 7.75 percent at $20.62.

Several other research analysts have also recently issued reports on the company. BTIG Research assumed coverage on shares of Snap in a research report on Tuesday, April 4th. They noted that the move was a valuation call. CIBC restated a "market perform" rating on shares of Snap in a research report on Tuesday, March 28th. They presently have a $31.00 price target on the stock. Argus initiated coverage on shares of Snap in a research report on Monday, April 3rd. Snap has a consensus rating of Hold and an average price target of $21.93. Stifel Nicolaus reissued a "hold" rating on shares of Snap in a report on Thursday. T Rowe Price held 28.3 million shares, making it the sixth-largest holder as of latest filings, while Coatue disclosed a 21 million-share stake, making it the seventh-largest holder.

Snap (NYSE:SNAP) traded up 0.19% during trading on Monday, hitting $20.78. Following the completion of the transaction, the senior vice president now owns 46,713 shares of the company's stock, valued at approximately $8,094,895.77. Snap Chat has recorded a 50-day average of $21.55 and a two hundred day average of $21.68. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 18.03 and a beta of 1.06.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Wednesday, May 10th. The company reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $2.34 by $0.05. The company had revenue of $887.10 million for the quarter, compared to the consensus estimate of $877.30 million. Snap's revenue for the quarter was up 285.6% on a year-over-year basis. On average, equities research analysts predict that Snap will post ($0.54) earnings per share for the current year. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and worldwide trademark & copyright law. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & worldwide copyright and trademark law. The original version of this report can be viewed at https://transcriptdaily.com/2017/05/13/snap-on-incorporated-sna-rating-reiterated-by-jefferies-group-llc-updated-updated.html.

Other notable funds that invested in Snap include Vanguard with a 6.7 million share stake. Finally, Norges Bank bought a new position in shares of Snap-on during the fourth quarter valued at about $92,024,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Snap during the first quarter worth $2,837,000.

Snap Inc, formerly Snapchat, Inc, is a camera company. Bessemer Group Inc. now owns 608,882 shares of the company's stock valued at $104,283,000 after buying an additional 74,163 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of Snap during the first quarter valued at $119,178,000.

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