Snapchat Stocks Soar Following Release of New Context Cards Feature

13 October, 2017, 05:13 | Author: Sammy Rose

A number of other equities analysts also recently weighed in on the stock. Drexel Hamilton maintained the shares of SNAP in report on Thursday, June 29 with "Buy" rating. Susquehanna Bancshares Inc initiated coverage on Snap in a research report on Friday, March 3rd. JP Morgan initiated it with "Neutral" rating and $24 target in Monday, March 27 report. Ten investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and twelve have assigned a buy rating to the stock. The target would suggest a possible upside of 30.98 % from firm's current stock price. The firm has a 50-day moving average of $14.66 and a 200 day moving average of $17.36. The company has market cap of $19.13 billion.

The stock of Snap Inc (NYSE:SNAP) earned "Sell" rating by Pivotal Research on Thursday, August 10.

Analysts await (:) to report earnings on November, 9. The firm had revenue of $149.60 million during the quarter, compared to analysts' expectations of $158.32 million. The business's revenue was up 153.1% compared to the same quarter previous year.

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The US, its largest market saw growth of 1.4 per cent, as it saw continued softness in business from banking and retail customers. Strong, broadbased client metrics this quarter demonstrates our increasing success with newer customers.


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TRADEMARK VIOLATION WARNING: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was copied illegally and reposted in violation of USA & global trademark and copyright legislation. The stock has "Sell" rating by Needham on Tuesday, September 12. The shares were sold at an average price of $12.50, for a total value of $1,875,000.00. Following the completion of the sale, the vice president now directly owns 2,204,168 shares in the company, valued at $27,552,100. The disclosure for this sale can be found here.

Snap has a Zacks Rank #3 (Hold).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Pacer Advisors Inc. increased its stake in shares of Snap by 8.3% in the 2nd quarter. Investors purchased 35,051 put options on the company. Finally, Geneva Advisors LLC acquired a new stake in Snap during the first quarter valued at about $406,000.

The stock increased 11.51% or $1.65 during the last trading session, reaching $15.98. Baker Avenue Asset Management LP bought a new position in shares of Snap in the second quarter worth $518,000. Seven Bridges Advisors LLC acquired a new stake in shares of Snap during the 2nd quarter valued at about $101,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Snap by 654.0% during the 2nd quarter. However, thanks to Snapchat's many partners that it's working with for context cards, you can actually do more than just browse static information. The Company's flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. These Stories will contain curated Snaps from the community that have been taken around the places, or imagery from Snapchat's partners.

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