Stifel Nicolaus Has Just Given Snap Inc (NYSE:SNAP) a Lower Rating

Stifel Nicolaus Has Just Given Snap Inc (NYSE:SNAP) a Lower Rating

Snap Chat had 112 analyst reports since March 2, 2017 according to SRatingsIntel.

By making content accessible outside of the Snapchat app, Snap hopes that it will attract more eyes to the unique content the app aggregates and thus drive user growth and retention. Finally, Vetr lowered shares of Snap from a "strong-buy" rating to a "buy" rating and set a $22.73 target price for the company.in a research report on Thursday, February 8th. They noted that the move was a valuation call. (NYSE:SNAP) has "Equal-Weight" rating given on Tuesday, July 11 by Morgan Stanley. Summit Redstone upgraded Snap from a sell rating to a hold rating and set a $16.00 price objective for the company in a research report on Wednesday, February 7th. Moffett Nathanson initiated the stock with "Sell" rating in Thursday, March 16 report. Zacks Investment Research downgraded Snap from a hold rating to a sell rating in a research note on Wednesday, October 18th.

Among 42 analysts covering Snap Chat (NYSE:SNAP), 10 have Buy rating, 10 Sell and 22 Hold. Snap now has an average rating of Hold and an average target price of $18.25. Also, VP Steven Michael Horowitz sold 286,332 shares of the firm's stock in a transaction dated Thursday, November 16th. First Trust Advisors LP now owns 5,884,101 shares of the company's stock valued at $85,555,000 after purchasing an additional 5,279,883 shares in the last quarter. Snap Chat has $31 highest and $7 lowest target.

In related news, CEO Evan Spiegel sold 739,663 shares of the firm's stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $18.51, for a total value of $1,754,396.31. The shares were sold at an average price of $12.54, for a total value of $3,590,603.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,205,407 shares of company stock valued at $32,265,178.


Several hedge funds and other institutional investors have recently made changes to their positions in SNAP. Bank of New York Mellon Corp now owns 36,643 shares of the company's stock valued at $651,000 after purchasing an additional 13,336 shares during the last quarter. SunTrust maintained Snap Inc. BlackRock Inc. now owns 11,648,770 shares of the company's stock valued at $170,188,000 after buying an additional 1,762,106 shares during the period. Snap Inc. (NYSE:SNAP) has 0.00% since February 12, 2017 and is. UBS Asset Management Americas Inc. acquired a new position in shares of Snap in the 2nd quarter valued at $196,000. Finally, Northern Trust Corp lifted its stake in shares of Snap by 1,633.4% in the 2nd quarter. (NYSE:SNAP) rating on Wednesday, November 8. Let us know what you think of it down in the comments.

Snap Map on the Web works exactly like it does on Snapchat's mobile apps, with the added benefit of not requiring to have an actual Snapchat account.

Snap Inc. operates as a camera company. You can access it through map.snapchat.com and view publicly shared stories around the world.

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