Dynamic Technology Lab Private Ltd Invests $1.24 Million in Snap Inc. (NYSE:SNAP)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Snap Inc. (NYSE:SNAP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 115,508 shares of the company’s stock, valued at approximately $1,244,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mountain Hill Investment Partners Corp. purchased a new stake in Snap during the fourth quarter valued at about $27,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Snap in the 4th quarter valued at approximately $32,000. Blue Trust Inc. boosted its stake in Snap by 128.0% in the 4th quarter. Blue Trust Inc. now owns 4,370 shares of the company’s stock worth $47,000 after purchasing an additional 2,453 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in Snap during the 4th quarter worth approximately $54,000. Finally, V Square Quantitative Management LLC raised its stake in Snap by 213.3% during the 4th quarter. V Square Quantitative Management LLC now owns 8,378 shares of the company’s stock valued at $91,000 after purchasing an additional 5,704 shares during the period. Institutional investors and hedge funds own 47.52% of the company’s stock.

Snap Trading Up 0.4 %

Shares of SNAP stock opened at $8.06 on Friday. The firm has a market capitalization of $13.66 billion, a P/E ratio of -19.18 and a beta of 0.92. Snap Inc. has a 1 year low of $7.66 and a 1 year high of $17.33. The firm’s fifty day simple moving average is $9.95 and its 200 day simple moving average is $10.77. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.47.

Snap (NYSE:SNAP) last announced 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 net margin of 13.02% and a negative return on equity of 25.67%. As a group, sell-side analysts predict that Snap Inc. will post -0.3 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on SNAP. BMO Capital Markets reiterated an “outperform” rating and set a $16.00 price target (down previously from $18.00) on shares of Snap in a report on Wednesday, January 15th. JPMorgan Chase & Co. dropped their target price on Snap from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Wednesday, February 5th. Citizens Jmp upgraded shares of Snap from a “hold” rating to a “strong-buy” rating in a report on Friday, March 28th. Guggenheim reiterated a “neutral” rating on shares of Snap in a research note on Wednesday. Finally, Susquehanna lifted their target price on shares of Snap from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, twenty-four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.80.

Insider Activity at Snap

In other news, CFO Derek Andersen sold 22,720 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $8.58, for a total value of $194,937.60. Following the completion of the transaction, the chief financial officer now owns 3,541,515 shares in the company, valued at approximately $30,386,198.70. This represents a 0.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Michael J. O’sullivan sold 24,000 shares of Snap stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $8.60, for a total transaction of $206,400.00. Following the sale, the general counsel now owns 507,660 shares in the company, valued at approximately $4,365,876. This trade represents a 4.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,356,523 shares of company stock worth $12,710,077. 22.68% of the stock is owned by corporate insiders.

Snap 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.