Snap Inc (SNAP) Gets a Hold Rating from Monness

By Jason Carr

In a report released today, Brian White from Monness maintained a Hold rating on Snap Inc (SNAPResearch Report). The company’s shares closed last Monday at $14.16.

According to TipRanks.com, White is a top 100 analyst with an average return of 23.7% and a 71.2% success rate. White covers the Technology sector, focusing on stocks such as Slack Technologies Inc, Spotify Technology SA, and Salesforce.com.

Snap Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18.01, implying a 27.2% upside from current levels. In a report issued on October 4, Morgan Stanley also upgraded the stock to Hold with a $17.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $18.36 and a one-year low of $4.82. Currently, Snap Inc has an average volume of 29.44M.

Based on the recent corporate insider activity of 137 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNAP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Snap, Inc. engages in the operation of its camera platform. Its products include Snapchat, using the camera and editing tools to take and share Snaps, Friends Page, which lets users create and use Stories, Groups, Video and Chat, Discover for searching and surfacing relevant Stories, Snap Map, which shows friends, Stories and Snaps near the user, Memories, for saving personal collections, and Spectacles, wearable sunglasses capable of taking Snaps and interacting directly with the Snapchat application. The company’s primary source of revenue is advertising. Snap was founded by Frank Reginald Brown IV, Evan Thomas Spiegel, and Robert C. Murphy in 2010 and is headquartered in Santa Monica, CA.