Barclays restated their overweight rating on shares of Snap (NYSE:SNAP) in a research note issued to investors on Wednesday morning. The firm currently has a $21.00 price objective on the stock, up from their prior price objective of $18.00.

Several other analysts have also recently issued reports on SNAP. Credit Suisse Group reiterated an outperform rating and issued a $20.00 target price (up from $17.00) on shares of Snap in a research note on Wednesday, October 11th. They noted that the move was a valuation call. Piper Jaffray Companies reiterated a hold rating on shares of Snap in a research note on Wednesday, October 11th. SunTrust Banks restated a sell rating and set a $10.00 price objective on shares of Snap in a research report on Thursday, October 12th. Vetr upgraded shares of Snap from a strong sell rating to a hold rating and set a $16.13 price objective on the stock in a research report on Friday, October 13th. Finally, Zacks Investment Research cut shares of Snap from a hold rating to a sell rating in a research report on Wednesday, October 18th. Fourteen analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $18.25.

Shares of Snap (NYSE SNAP) opened at $18.80 on Wednesday. Snap has a 52 week low of $11.28 and a 52 week high of $29.44. The stock has a market cap of $21,950.00 and a P/E ratio of -5.68.

In other news, CFO Andrew Vollero sold 70,566 shares of Snap stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $16.09, for a total transaction of $1,135,406.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Imran Khan sold 250,000 shares of Snap stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $20.04, for a total transaction of $5,010,000.00. Following the sale, the insider now directly owns 9,755,173 shares in the company, valued at approximately $195,493,666.92. The disclosure for this sale can be found here. In the last three months, insiders sold 2,230,407 shares of company stock worth $32,578,428.

Institutional investors and hedge funds have recently made changes to their positions in the company. First Manhattan Co. boosted its stake in shares of Snap by 384.5% during the 3rd quarter. First Manhattan Co. now owns 7,631 shares of the company’s stock valued at $110,000 after purchasing an additional 6,056 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Snap by 967.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,005 shares of the company’s stock valued at $116,000 after purchasing an additional 7,255 shares in the last quarter. WFG Advisors LP boosted its stake in shares of Snap by 52.4% during the 2nd quarter. WFG Advisors LP now owns 7,377 shares of the company’s stock valued at $131,000 after purchasing an additional 2,537 shares in the last quarter. Nelson Roberts Investment Advisors LLC boosted its stake in shares of Snap by 10,033.0% during the 3rd quarter. Nelson Roberts Investment Advisors LLC now owns 10,133 shares of the company’s stock valued at $147,000 after purchasing an additional 10,033 shares in the last quarter. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Snap during the 2nd quarter valued at about $148,000. 18.97% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Snap’s (SNAP) Overweight Rating Reaffirmed at Barclays” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://theolympiareport.com/2018/02/11/snaps-snap-overweight-rating-reaffirmed-at-barclays.html.

About Snap

Snap Inc, formerly Snapchat, Inc, is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.

Analyst Recommendations for Snap (NYSE:SNAP)

Receive News & Ratings for Snap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap and related companies with MarketBeat.com's FREE daily email newsletter.