Snap Inc. (NYSE:SNAP) Receives "Hold" Rating from Aegis

As Bad As Snap's Post-IPO Run Is Facebook's Was Much Worse

Credit Suisse Group now has a $25.00 price objective on the stock, down from their previous price objective of $30.00.

A number of other analysts have also commented on SNAP. OTR Global initiated the shares of SNAP in report on Friday, March 24 with "Positive" rating. The firm has "Hold" rating given on Tuesday, March 28 by Loop Capital. (The) started coverage on Snap in a research report on Monday, March 27th.

Stifel Nicolaus has just given Snap Inc (NYSE:SNAP) shares an updated Buy rating in a research note sent to clients and investors on Thursday, 13 July. Canaccord Genuity maintained Snap Inc (NYSE:SNAP) rating on Monday, May 15.

Among 36 analysts covering Snap Chat (NYSE:SNAP), 15 have Buy rating, 4 Sell and 17 Hold. The company now has a consensus rating of Hold and an average target price of $21.34. The stock's 50 day moving average is $19.18 and its 200-day moving average is $20.72. The company has market cap of $18.42 billion. Snap also was the recipient of unusually large options trading activity on Tuesday. This represents an increase of approximately 259% compared to the typical volume of 16,010 put options. Aegis Capital maintained Snap Inc (NYSE:SNAP) rating on Wednesday, June 21. The company reported ($2.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($2.05) by $0.26. The firm's revenue was up 285.6% compared to the same quarter previous year.

Devitt acknowledged investors are uneasy about Snap Inc.'s ability to grow its Snapchat app because of competition from Facebook-owned photo-sharing app Instagram and comparisons with Twitter, which has struggled to grow its user base and meet Wall Street expectations after going public in 2013.

Shares of Snap Inc.

"Right from the start, we have said we want to work with partners to bring fans closer to the fantastic show that is Formula 1, an incredible mix of technology and individual talent - and Snap fits that bill". The legal version of this story can be read at https://baseballnewssource.com/markets/snap-inc-snap-cut-to-buy-at-vetr-inc-updated/1121003.html. Perhaps investor sentiment would change if traders tried on augmented-reality bunny ears or played around with the company's Bitmoji avatars. Ltd. purchased a new position in Snap during the first quarter valued at $223,000. NN Investment Partners Holdings N.V. now owns 42,406 shares of the company's stock valued at $754,000 after buying an additional 2,530 shares in the last quarter. Columbia Partners L L C Investment Management bought a new position in shares of Snap during the first quarter worth $1,162,000. WFG Advisors LP acquired a new position in shares of Snap during the first quarter valued at $109,000.

"Our Stories, one of three types of content on Snapchat's Discover platform, are compilations of Snaps submitted from Snapchatters at events and locations around the world, and curated by teams of editors and producers at Snapchat", F1's press release explained.

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