Susquehanna Bancshares downgraded shares of Snap (NYSE:SNAP) from a neutral rating to a sell rating in a report published on Thursday.

Several other equities research analysts have also weighed in on SNAP. Stifel Nicolaus lifted their price target on Snap from $13.00 to $17.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Citigroup lifted their price target on Snap to $18.00 and gave the company a neutral rating in a research report on Wednesday, February 7th. They noted that the move was a valuation call. Royal Bank of Canada upgraded Snap from a sector perform rating to an outperform rating in a research report on Wednesday, February 7th. Wedbush restated a hold rating and set a $12.50 price target on shares of Snap in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. upgraded Snap from an underweight rating to a neutral rating and set a $10.00 price target on the stock in a research report on Wednesday, February 7th. Fourteen research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $18.25.

Shares of Snap (NYSE SNAP) opened at $18.80 on Thursday. Snap has a 1 year low of $11.28 and a 1 year high of $29.44. The firm has a market capitalization of $22,640.00 and a P/E ratio of -5.68.

In related news, CFO Andrew Vollero sold 94,781 shares of the company’s stock in a transaction on Saturday, February 17th. The stock was sold at an average price of $18.51, for a total transaction of $1,754,396.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Michael J. O’sullivan sold 10,016 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $12.54, for a total value of $125,600.64. The disclosure for this sale can be found here. Insiders sold 2,230,407 shares of company stock valued at $32,578,428 in the last 90 days.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Snap by 17.8% during the fourth quarter. BlackRock Inc. now owns 11,648,770 shares of the company’s stock valued at $170,188,000 after acquiring an additional 1,762,106 shares during the last quarter. Vanguard Group Inc. increased its position in Snap by 23.7% during the second quarter. Vanguard Group Inc. now owns 8,353,729 shares of the company’s stock valued at $148,446,000 after acquiring an additional 1,601,170 shares during the last quarter. JPMorgan Chase & Co. increased its position in Snap by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 7,650,826 shares of the company’s stock valued at $110,556,000 after acquiring an additional 797,290 shares during the last quarter. First Trust Advisors LP increased its position in Snap by 11.3% during the fourth quarter. First Trust Advisors LP now owns 6,546,551 shares of the company’s stock valued at $95,645,000 after acquiring an additional 662,450 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in Snap by 73.4% during the third quarter. Allianz Asset Management GmbH now owns 4,529,005 shares of the company’s stock valued at $65,852,000 after acquiring an additional 1,916,830 shares during the last quarter. Institutional investors own 18.97% of the company’s stock.

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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)

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