(NYSE:SNAP) have received a consensus recommendation of "Hold" from the forty-four research firms that are now covering the stock, MarketBeat reports.
After an initial spate of buying following its stock market debut in March of this year, poor maiden results sent Snap's shares to a 22% loss in a single day and it has maintained a downward trajectory since.
SNAP has been the subject of several research analyst reports. Nine analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fifteen have given a buy rating to the company's stock.
After a rocky earnings report in the first quarter, the pressure was on Snap and Spiegel to turn things around in the second quarter. The stock has slumped 19 percent since Snap's March 1 IPO at $17 a share, closing at $13.77 in NY on Thursday. Raymond James Financial, Inc. initiated coverage on Snap in a research note on Tuesday, April 25th. J P Morgan Chase & Co restated a "neutral" rating and set a $18.00 target price (down previously from $20.00) on shares of Snap in a research report on Monday, June 5th. If the penetration figure doesn't budge in the next earnings report, that could put a wrinkle in Snap's positioning as a complement to Facebook. Snap has a consensus rating of "Hold" and an average price target of $21.02. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & worldwide trademark & copyright law. The original version of this report can be read at https://www.thestockobserver.com/2017/08/11/snap-inc-snap-shares-bought-by-nn-investment-partners-holdings-n-v-updated-updated.html. Pacer Advisors Inc. purchased a new position in Snap during the first quarter valued at $205,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Snap during the first quarter worth $2,012,000. WFG Advisors LP purchased a new position in Snap during the first quarter valued at $109,000. The company leveraged its Windows platform to pulverize Netscape, which would go on to lose much of its market share within a few years.
Snap (NYSE:SNAP) opened at 13.77 on Wednesday. The stock has a 50-day moving average price of $15.27 and a 200 day moving average price of $19.19. Snap has a 1-year low of $11.90 and a 1-year high of $29.44.
Snap Inc's misfortunes are weighing heavily on Silicon Valley as more loss making tech companies, including Uber and Airbnb, consider stock market sales.
Thursday and missed expectations for user growth in its second earnings report since going public. On a GAAP basis, EPS was negative $0.36, missing a negative $0.30 consensus. The firm had revenue of $181.70 million during the quarter, compared to analyst estimates of $186.49 million.
Snap reported a loss of $116 million in the same quarter past year.
Now she's left the network and has turned up as the apparent new host of pro-Trump broadcasts from the president's Facebook page . McEnany appeared over the weekend to provide a " real news" roundup of the week's headlines.
Notice in the diagram how the moon's shadow appears to come to a focus right at earth's surface; this is called the umbral shadow. Solar eclipses occur when our moon gets between the sun and our planet, obscuring the sun temporarily.
A source said the planes the Patriots bought are extended range, which allows the planes to fly nonstop for about 12 hours. Patriots spokesman Stacey James said team officials would not be publicly commenting on the acquisitions.
Residents of Asian countries including Pakistan, Europe, Antarctica, Africa, and Australia will be able to see the eclipse. The full moon will emerge from the shadow area at 1918 GMT, and then the partial eclipse will end, said the report.
Further U.S. action could follow if that investigation points to Cuban government targeting of U.S. employees, officials said . According to the Canadian national broadcaster, the government is working with Cuban authorities to determine what happened.
North Korea's official news agency announced Canadian pastor Hyeon Soo Lim has been released for health reasons. Pastor Hyeon Soo Lim is seen speaking in Pyongyang , North Korea on July 30, 2015 in the image made from video.
River Pkwy. "It had to be a significant explosion that would take out that brick and cause the building to collapse", he said . HCMC tweeted at 9:19 p.m. that they are now treating four people - one is critical and three are in satisfactory condition.
Britain, France , Sweden and Switzerland have all been warned to keep an eye out for tainted eggs arriving in their countries. It has since emerged Belgian officials knew about the contamination in June, but did not make the information public.
If Newcastle are to continue their pursuit of Perez then they will face competition from his former club Deportivo La Coruna . There was a rumour of a power struggle at Newcastle regarding player recruitment.
Canadian Milos Raonic fell in the Citi Open quarterfinals on Friday, losing in straight sets to Jack Sock of the U.S. If I'm taking care of business on my side of the ball, then I give myself the best chance", Anderson said.
Nawaz will file a review petition over SC's decision: PM
The Punjab law minister said that Nawaz Sharif lived in hearts of workers and this spirit to be remembered for decades. Qamar Zaman Kaira of Pakistan Peoples Party (PPP) said that there could be around 10,000 people with Sharif.
Truck Bomb Strikes Lahore
Authorities recovered one body near the blast site on Monday night after initially saying there had been no casualties. The search and rescue operation was completed on Tuesday evening with the help of heavy machinery.
GW Hospital misses cut on US News best hospital list
Penn Medicine Chester County Hospital ranked eighth statewide, recognized as high-performing in four procedures or conditions. The best hospital in the state, according to the rankings , is University of Wisconsin Hospital and Clinics in Madison.
Turnbull's party rejects MP vote on gay marriage
The Turnball government announced yesterday that it would take its same-sex marriage plebiscite bill to the Senate this week. Turnbull says he is following through on a campaign pledge to hold the plebiscite .
Olympic champion Betty Cuthbert dies aged 79
Tributes have poured in for Australia's four-time Olympic gold medallist Betty Cuthbert , who has died aged 79. Swimmer Ian Thorpe is the only Australian to claim more Olympic gold medals, with five.
China may initiate 'limited war' with India
On Thursday, Chinese officials urged Indian troops to withdraw immediately, warning of "serious consequences" if they did not. According to Beijing , the two sides had agreed to the boundary alignment in the Sikkim sector under the 1890 treaty.
England wins toss and bats in final test vs. South Africa
Pace bowler Olivier and middle-order batsman Theunis de Bruyn were only playing as a result of Philander and Morris´s injuries. Undeterred, he punched Rabada down the ground to bring up his fifty from 89 balls, to allow England to reclaim the upper hand.
Martin Shkreli Speaks out Guilty Verdict
He was also charged with repaying the investors with money looted from Retrophin , a pharmaceutical company he founded and headed. As with Madoff, Shkreli's reputation apparently inspired investors, who wanted to put money into the young wiz's hedge fund.
Iranian President Vows to Improve Economy, Uproot Unemployment
President Rouhani delivers speech after endorsment of his second term by Leader of the Islamic Revolution Ayatollah Khamenei. However, Iran said earlier this week that it would lodge a complaint with the commission that oversees its implementation.