Snap Inc. (NYSE:SNAP) Shares Bought by NN Investment Partners Holdings NV

Snap Grows Daily Users to 173 Million, But Delivers Disappointing Earnings

Spiegel looked to alleviate some of those fears on Snap's conference call on Thursday. Accern also gave news coverage about the company an impact score of 45.0838422636603 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term. Finally, Jennison Associates LLC acquired a new position in Snap during the first quarter valued at about $119,178,000. FMR LLC bought a new stake in shares of Snap during the first quarter worth about $737,133,000. Finally, Mirae Asset Global Investments Co. 40,429,032 shares of the company's stock were exchanged.

Facebook recently shut down Lifestage, which lets those 21 and under share photos, selfies and videos with classmates. "(NYSE:SNAP) Stock Rating Reaffirmed by Wells Fargo & Company" was first published by BNB Daily and is owned by of BNB Daily.

Snap shares have been trending down for several months, with Morgan Stanley analyst Brian Nowak putting out word that Snapchat advertising products were not catching on as quickly as had been expected. The firm's market cap is $16.23 billion. The company's 50-day moving average is $15.37 and its 200-day moving average is $19.24. Cleveland Research lowered shares of Snap from a "buy" rating to a "neutral" rating in a report on Tuesday, July 25th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.13. The company had revenue of $149.60 million for the quarter, compared to analyst estimates of $158.32 million. Snap's revenue was up 153.1% on a year-over-year basis. Raymond James Financial, Inc. initiated coverage on Snap in a research report on Tuesday, April 25th.

"We've defended Snap since day one, but now need to see monetization moving in the right direction", Cakmak said. If you are reading this news story on another domain, it was stolen and republished in violation of United States and worldwide copyright & trademark laws. Stifel Nicolaus cut their target price on shares of Snap from $27.00 to $24.00 and set a "hold" rating for the company in a report on Thursday, May 11th.


Snap's stock price has been significantly depressed since it reported first quarter earnings in May, its first such disclosure since going public.

Note: Call options represent the right, but not the obligation, to buy the underlying security at a predetermined price over a set period of time. With that, those analysts have also cautioned that a large number of companies will be vying for related revenues and that many businesses have also developed similar offerings and features.

Around the upcoming earnings release, options traders have priced in about a 13.3% potential share price move in either direction, according to the Market Maker Move indicator on the thinkorswim® platform. They issued a "hold" rating and a $22.00 price target on the stock. The company presently has an average rating of "Hold" and a consensus target price of $20.90. Vanguard Group Inc. acquired a new position in Snap during the first quarter valued at about $152,135,000.

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