Finally, Aegis cut their price target on Snap from $20.00 to $19.00 and set a hold rating for the company in a report on Wednesday, June 21st. The analysts also slashed their price target from $21 to $17 a share.
Shares of Snap Inc. were falling 1.6% Friday morning after the stock was downgraded to market perform from outperform at Cowen Research. They issued a "neutral" rating and a $20.00 price target on the stock.
Shares of Los Angeles technology company Snap Inc. on Monday dipped below the original price at which they were sold when the company went public in March. Drexel Hamilton maintained it with "Buy" rating and $30 target in Thursday, May 25 report. Bank of America Corporation started coverage on shares of Snap in a research note on Monday, March 27th. They presently have a $9.00 price target on the stock. Summit Research reiterated a "sell" rating and issued a $17.00 price objective on shares of Snap in a research note on Tuesday, March 28th. And by various accounts, half of publicly traded companies sit below their initial price for extended periods. The company has market cap of $18.42 billion. Specifically, Snap's stock is down around 35 percent since day one while Facebook's stock lost more than 50 percent in its first year. Stock investors purchased 57,414 put options on the stock. The business had revenue of $149.60 million during the quarter, compared to the consensus estimate of $158.32 million. Snap's revenue for the quarter was up 285.6% on a year-over-year basis. The company reported ($2.31) earnings per share for the quarter, missing analysts' consensus estimates of ($2.05) by $0.26.
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Calls convey the right to buy shares at a fixed price in the future and usually are used to place bets on shares rising, while put options give the right to sell shares at a certain price in the future. NN Investment Partners Holdings N.V. increased its stake in Snap by 6.3% in the second quarter. Instagram is a worry of many investors, as it has a larger user base and the backing of its huge parent company Facebook. US Bancorp DE acquired a new stake in Snap during the first quarter worth approximately $101,000. WFG Advisors LP purchased a new position in Snap during the first quarter worth $109,000. Vanguard Group Inc. bought a new stake in Snap during the first quarter valued at $152,135,000. Finally, Pacer Advisors Inc. acquired a new position in shares of Snap during the first quarter worth $205,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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