Elizabeth Jenkins sells 9,965 shares of Snap Inc. (NYSE:SNAP)

VaselineAugust 23, 2024

0 3 minutes read

Snap Inc. (NYSE:SNAP – Get Your Free Report ) Director Elizabeth Jenkins sold 9,965 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $9.19, for a total value of $91,578.35. Following the transaction, the director now directly owns 40,406 shares of the company’s stock, valued at $371,331.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website.

Elizabeth Jenkins also recently traded:

On Thursday, July 25th Elizabeth Jenkins sold 1,735 shares of Snap stock. The shares were sold at an average price of $13.50, for a total value of $23,422.50.

Snap Price Performance

Shares of NYSE SNAP opened at $9.47 on Thursday. The firm has a market cap of $15.72 billion, a P/E ratio of -11.69 and a beta of 1.03. The company has a current ratio of 3.98, a quick ratio of 3.98, and a debt-to-equity ratio of 1.74. Snap Inc. has a 1 year low of $8.28 and a 1 year high of $17.90. The company’s 50-day moving average is $13.60 and its 200-day moving average is $13.19.

Hedge funds are weighing on Snap

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A number of hedge funds have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC grew its stake in Snap by 8.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 42,300 shares of the company’s stock worth $703,000 after acquiring an additional 3,327 shares during the the period. Smith Thornton Advisors LLC bought a new position in Snap in the second quarter valued at $328,000. Mackenzie Financial Corp boosted its stake in Snap by 5.9% in the second quarter. Mackenzie Financial Corp now owns 156,838 shares of the company’s stock worth $2,605,000 after acquiring an additional 8,714 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Snap by 16.4% in the second quarter. The Manufacturers Life Insurance Company now owns 65,276 shares of the company’s stock worth $1,084,000 after acquiring an additional 9,185 shares during the period. Finally, MBB Public Markets I LLC bought a new position in Snap in the second quarter worth $1,297,000. Institutional investors own 47.52% of the company’s shares.

Analysts set new price targets

SNAP has been the subject of several recent research reports. Roth Mkm cut their price target on Snap from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut their price target on Snap from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. TD Cowen upped their target price on Snap from $11.00 to $14.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Citigroup cut their price target on Snap from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, Royal Bank of Canada boosted their target price on Snap from $13.00 to $16.00 and gave the company a “sector perform” rating in a research report on Friday, April 26th. . One research analyst has rated the stock with a sell rating, twenty-one have given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $14.10, according to MarketBeat.

Check out our latest analysis on SNAP

Snap Company Profile

(Get a free report)

Snap Inc operates as a technology company in North America, Europe and internationally. The company offers Snapchat, a visual messaging app with various tabs such as camera, visual messaging, instant map, stories, and spotlights that allow people to communicate visually through short videos and images.