Certuity LLC Purchases 1,495 Shares of Snap Inc. (NYSE:SNAP)

Certuity LLC grew its position in Snap Inc. (NYSE:SNAP) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,738 shares of the company’s stock after acquiring an additional 1,495 shares during the period. Certuity LLC’s holdings in Snap were worth $191,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA acquired a new position in Snap during the 4th quarter worth about $32,000. Savant Capital LLC bought a new position in shares of Snap in the fourth quarter worth about $3,113,000. Empowered Funds LLC lifted its position in shares of Snap by 3.1% during the fourth quarter. Empowered Funds LLC now owns 35,639 shares of the company’s stock worth $384,000 after purchasing an additional 1,055 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new position in shares of Snap during the fourth quarter worth approximately $186,000. Finally, Westbourne Investment Advisors Inc. grew its stake in shares of Snap by 6.0% during the fourth quarter. Westbourne Investment Advisors Inc. now owns 356,987 shares of the company’s stock valued at $3,845,000 after purchasing an additional 20,150 shares during the last quarter. Institutional investors own 47.52% of the company’s stock.

Insider Activity

In other Snap news, General Counsel Michael J. O’sullivan sold 18,000 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $11.49, for a total transaction of $206,820.00. Following the sale, the general counsel now directly owns 480,498 shares of the company’s stock, valued at $5,520,922.02. The trade was a 3.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Derek Andersen sold 94,164 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $11.44, for a total transaction of $1,077,236.16. Following the transaction, the chief financial officer now owns 2,193,806 shares of the company’s stock, valued at approximately $25,097,140.64. This represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 443,518 shares of company stock worth $4,947,981 over the last three months. Corporate insiders own 22.68% of the company’s stock.

Snap Stock Performance

Shares of SNAP opened at $11.23 on Friday. The firm has a market cap of $18.84 billion, a P/E ratio of -26.74 and a beta of 0.99. Snap Inc. has a twelve month low of $8.29 and a twelve month high of $17.33. 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 firm’s 50 day moving average price is $11.36 and its two-hundred day moving average price is $10.78.

Snap (NYSE:SNAP) last issued its quarterly earnings data 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 return on equity of 25.67% and a negative net margin of 13.02%. On average, analysts forecast that Snap Inc. will post -0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Snap from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Wednesday, February 5th. B. Riley boosted their target price on Snap from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Benchmark reiterated a “hold” rating on shares of Snap in a report on Friday, October 25th. Cantor Fitzgerald boosted their price objective on Snap from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Barclays restated an “overweight” rating on shares of Snap in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twenty-five have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.87.

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.