Snap Inc (SNAP) Rating Reiterated by Barclays PLC

Ex-Yahoo CEO: Facebook Turning Into Twitter Due To Fake News

Ex-Yahoo CEO: Facebook Turning Into Twitter Due To Fake News

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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