Comprehensive Financial Planning Inc. PA Invests $32,000 in Snap Inc. (NYSE:SNAP)

Comprehensive Financial Planning Inc. PA acquired a new stake in Snap Inc. (NYSE:SNAP) during the fourth quarter, HoldingsChannel reports. The firm acquired 3,000 shares of the company’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in Snap during the third quarter worth approximately $29,000. Paladin Wealth LLC acquired a new stake in Snap during the 3rd quarter worth $30,000. Advisors Asset Management Inc. raised its stake in Snap by 141.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock worth $30,000 after acquiring an additional 1,632 shares in the last quarter. Brooklyn Investment Group acquired a new position in Snap in the third quarter valued at $41,000. Finally, Blue Trust Inc. grew its holdings in shares of Snap by 136.3% during the fourth quarter. Blue Trust Inc. now owns 4,529 shares of the company’s stock worth $48,000 after purchasing an additional 2,612 shares during the last quarter. Institutional investors and hedge funds own 47.52% of the company’s stock.

Snap Trading Down 2.1 %

Shares of SNAP opened at $10.69 on Tuesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 4.04 and a current ratio of 3.95. The company has a 50-day moving average of $11.44 and a two-hundred day moving average of $10.80. Snap Inc. has a 12-month low of $8.29 and a 12-month high of $17.33.

Snap (NYSE:SNAP) last announced its earnings results on Tuesday, February 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). Snap had a negative net margin of 13.02% and a negative return on equity of 25.67%. As a group, equities research analysts expect that Snap Inc. will post -0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SNAP. UBS Group upped their target price on Snap from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lowered their target price on shares of Snap from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 5th. Cantor Fitzgerald increased their price target on shares of Snap from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $16.00 price objective on shares of Snap in a research note on Wednesday, October 30th. Finally, Susquehanna increased their target price on shares of Snap from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twenty-four have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.87.

Insider Activity at Snap

In related news, CAO Rebecca Morrow sold 11,154 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.55, for a total value of $117,674.70. Following the completion of the sale, the chief accounting officer now directly owns 465,064 shares in the company, valued at approximately $4,906,425.20. The trade was a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Michael J. O’sullivan sold 12,315 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.54, for a total transaction of $129,800.10. Following the transaction, the general counsel now directly owns 1,195,567 shares in the company, valued at approximately $12,601,276.18. This represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 443,518 shares of company stock valued at $4,947,981. 22.68% of the stock is owned by insiders.

About Snap

Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.