Snap Inc (SNAP) Given Underperform Rating at Needham & Company LLC

The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

In other Snap news, Director Mitchell Lasky sold 25,000 shares of the firm's stock in a transaction on Tuesday, December 26th. At recent session, the prices were hovering between $14.36 and $15.12. Nomura started coverage on shares of Snap in a report on Thursday, March 2nd. Finally, Banco de Sabadell S.A purchased a new position in shares of Snap during the 4th quarter worth $181,000. The stock was sold at an average price of $17.60, for a total transaction of $440,000.00. The stock of Snap Inc. The stock was sold at an average price of $16.76, for a total transaction of $419,000.00. The company's shares were given away at $14.06 per share worth to an income of some $351,500 on account of Lasky Mitchell. The shares were sold at an average price of $19.38, for a total transaction of $1,892,573.28.

Snap (NYSE:SNAP) last posted its quarterly earnings results on Tuesday, February 6th.

On Tuesday, January 30th, Mitchell Lasky sold 25,000 shares of Snap stock. (NYSE:SNAP) by some 85,527,840 shares, 110 decreased positions by 70,171,921 and 87 held positions by 87,007,197. These shares are worth $359,250 and were traded at $14.37 each. The company's market cap is $16.63 billion. Snap has a fifty-two week low of $11.28 and a fifty-two week high of $23.57. (SNAP) in the open market. The company reported ($0.27) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.33) by $0.06. The company had revenue of $285.69 million during the quarter, compared to analyst estimates of $251.74 million. It now has negative earnings.

Several institutional investors and hedge funds have recently modified their holdings of SNAP. Steward Partners Investment Advisory LLC now owns 8,005 shares of the company's stock worth $116,000 after purchasing an additional 7,255 shares in the last quarter. Barclays Capital upgraded Snap Inc. JPMorgan Chase & Co. lifted its position in shares of Snap by 11.6% during the third quarter. Rhumbline Advisers now owns 22,900 shares of the company's stock worth $333,000 after purchasing an additional 4,260 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Snap by 11.3% during the fourth quarter. The third largest holder is Fmr Llc, which now holds $221.17 million worth of this stock and that ownership represents almost 1.2% of its market capitalization. In the last ninety days, insiders have sold 5,696,121 shares of company stock valued at $104,025,378. Snap Inc had 20 analyst reports since October 18, 2017 according to SRatingsIntel. Wells Fargo restated a "hold" rating on shares of Snap in a research report on Wednesday, November 29th.

Shares of Snap Inc (NYSE:SNAP) have been assigned an average recommendation of "Hold" from the forty-five ratings firms that are now covering the firm, Marketbeat reports.

Among 42 analysts covering Snap Chat (NYSE:SNAP), 10 have Buy rating, 10 Sell and 22 Hold. Drexel Hamilton maintained Snap Inc.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Macon Daily and is owned by of Macon Daily. If you are reading this story on another website, it was illegally copied and republished in violation of USA and worldwide trademark & copyright legislation. The Manufacturers Life Insurance Company increased its position in Snap by 12.4% during the 4th quarter. It offers Snapchat, a camera application that helps people to communicate through short videos and images.