Baader Bank Aktiengesellschaft Grows Position in Snap Inc. (NYSE:SNAP)

Baader Bank Aktiengesellschaft boosted its stake in Snap Inc. (NYSE:SNAP) by 23.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 160,791 shares of the company’s stock after acquiring an additional 30,126 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Snap were worth $1,731,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SNAP. V Square Quantitative Management LLC purchased a new position in Snap in the 3rd quarter valued at about $29,000. Paladin Wealth LLC acquired a new stake in shares of Snap during the 3rd quarter worth approximately $30,000. Advisors Asset Management Inc. boosted 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 valued at $30,000 after purchasing an additional 1,632 shares during the period. Brooklyn Investment Group acquired a new stake in Snap in the 3rd quarter valued at approximately $41,000. Finally, Blue Trust Inc. lifted its holdings in Snap by 136.3% in 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 period. Hedge funds and other institutional investors own 47.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Piper Sandler restated a “neutral” rating and issued a $13.00 price objective (up previously from $12.00) on shares of Snap in a report on Wednesday, October 30th. B. Riley lifted their target price on shares of Snap from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. 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. Canaccord Genuity Group increased their price target on Snap from $12.00 to $13.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price target on Snap from $12.00 to $13.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Snap has a consensus rating of “Hold” and a consensus target price of $36.99.

Snap Trading Up 3.8 %

Shares of NYSE:SNAP opened at $11.62 on Thursday. Snap Inc. has a one year low of $8.29 and a one year high of $17.50. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.04 and a quick ratio of 4.04. The firm has a 50 day simple moving average of $11.52 and a 200 day simple moving average of $11.03.

Snap (NYSE:SNAP) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Snap had a negative return on equity of 35.60% and a negative net margin of 18.49%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted ($0.21) EPS. The business’s revenue was up 15.4% on a year-over-year basis. As a group, research analysts anticipate that Snap Inc. will post -0.39 EPS for the current fiscal year.

Insider Activity at Snap

In other news, CAO Rebecca Morrow sold 32,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $12.42, for a total transaction of $397,440.00. Following the transaction, the chief accounting officer now owns 433,064 shares in the company, valued at approximately $5,378,654.88. This represents a 6.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Michael J. O’sullivan sold 12,315 shares of Snap stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.54, for a total transaction of $129,800.10. Following the completion of the sale, the general counsel now directly owns 1,195,567 shares of the company’s stock, valued at approximately $12,601,276.18. The trade was a 1.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,184 shares of company stock worth $4,761,369 over the last quarter. Company insiders own 22.68% of the company’s stock.

Snap Company Profile

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.