The shares were sold at an average price of $23.83, for a total transaction of $1,523,046.79. In other Snap news, VP Jerry James Hunter sold 63,913 shares of the company’s stock in a transaction on Monday, May 16th. As a group, equities analysts predict that Snap will post -0.53 EPS for the current year.
During the same period in the prior year, the business posted ($0.19) earnings per share. The company’s revenue for the quarter was up 38.1% compared to the same quarter last year. Snap had a negative net margin of 12.71% and a negative return on equity of 16.37%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.07 billion. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). Snap ( NYSE:SNAP – Get Rating) last issued its quarterly earnings results on Thursday, April 21st. Based on data from MarketBeat, Snap currently has a consensus rating of “Moderate Buy” and an average target price of $32.69. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the stock. Finally, Barclays decreased their target price on Snap from $77.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, April 22nd. Truist Financial decreased their target price on Snap from $60.00 to $33.00 and set a “buy” rating on the stock in a research report on Tuesday, May 24th. Jefferies Financial Group decreased their target price on Snap from $52.00 to $30.00 in a research report on Tuesday, May 24th. Piper Sandler downgraded Snap from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $30.00 to $18.00 in a research report on Thursday, June 2nd. lowered their price target on Snap from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday. SNAP has been the topic of several other reports. JMP Securities’ target price points to a potential upside of 218.91% from the stock’s current price. The firm presently has a “market outperform” rating on the stock. Snap ( NYSE:SNAP – Get Rating) had its price objective dropped by analysts at JMP Securities from $45.00 to $42.00 in a research note issued to investors on Thursday, The Fly reports.
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