V Square Quantitative Management LLC Takes $29,000 Position in Snap Inc. (NYSE:SNAP)

V Square Quantitative Management LLC acquired a new stake in Snap Inc. (NYSE:SNAP) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,674 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SNAP. Paladin Wealth LLC bought a new position in shares of Snap in the 3rd quarter valued at about $30,000. Hollencrest Capital Management bought a new stake in shares of Snap during the 2nd quarter worth about $33,000. Blue Trust Inc. boosted its holdings in shares of Snap by 354.1% during the 2nd quarter. Blue Trust Inc. now owns 2,157 shares of the company’s stock worth $36,000 after buying an additional 1,682 shares during the period. Rothschild Investment LLC bought a new stake in shares of Snap during the 2nd quarter worth about $40,000. Finally, J.Safra Asset Management Corp boosted its holdings in shares of Snap by 534.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,766 shares of the company’s stock worth $46,000 after buying an additional 2,330 shares during the period. Institutional investors own 47.52% of the company’s stock.

Snap Price Performance

SNAP stock opened at $10.33 on Tuesday. The company has a 50 day simple moving average of $9.86 and a 200 day simple moving average of $12.72. The stock has a market cap of $17.14 billion, a price-to-earnings ratio of -14.35 and a beta of 1.01. Snap Inc. has a 1 year low of $8.29 and a 1 year high of $17.90. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.98 and a quick ratio of 3.98.

Snap (NYSE:SNAP) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Snap had a negative net margin of 23.49% and a negative return on equity of 42.84%. Research analysts anticipate that Snap Inc. will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Snap news, General Counsel Michael J. O’sullivan sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $10.81, for a total transaction of $194,580.00. Following the sale, the general counsel now directly owns 489,058 shares of the company’s stock, valued at $5,286,716.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Eric Young sold 114,097 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $9.11, for a total value of $1,039,423.67. Following the sale, the senior vice president now directly owns 3,041,723 shares of the company’s stock, valued at approximately $27,710,096.53. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Michael J. O’sullivan sold 18,000 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $10.81, for a total transaction of $194,580.00. Following the completion of the sale, the general counsel now directly owns 489,058 shares in the company, valued at approximately $5,286,716.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,510,352 shares of company stock valued at $13,446,353 in the last ninety days. 22.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Roth Mkm reaffirmed a “neutral” rating and set a $14.00 target price on shares of Snap in a report on Wednesday, September 18th. Hsbc Global Res downgraded shares of Snap from a “strong-buy” rating to a “hold” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $14.00 price objective on shares of Snap in a research note on Wednesday, September 18th. B. Riley began coverage on shares of Snap in a research note on Friday, September 20th. They issued a “neutral” rating and a $11.00 price objective for the company. Finally, Truist Financial dropped their price objective on shares of Snap from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.77.

Snap Company Profile

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