In a report released today, Brian White from Monness maintained a Hold rating on Snap Inc (SNAP). The company’s shares closed yesterday at $15, close to its 52-week high of $16.24.
According to TipRanks.com, White is a top 25 analyst with an average return of 27.4% and a 78.5% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.
Snap Inc has an analyst consensus of Hold, with a price target consensus of $13.65, representing a -9.0% downside. In a report issued on July 11, Merrill Lynch also maintained a Hold rating on the stock.
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Based on Snap Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $310 million. In comparison, last year the company had a GAAP net loss of $353 million.
Based on the recent corporate insider activity of 118 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Snap, Inc. engages in the operation of its camera platform. It is also involved in the provision of advertising services by helping its partners in generating return on investments. Its products include Snapchat, publisher tools, and spectacles.
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