425,198 Shares in Snap Inc. $SNAP Acquired by Militia Capital Management LLC

Militia Capital Management LLC acquired a new stake in Snap Inc. (NYSE:SNAP) during the 1st quarter, Holdings Channel.com reports. The firm acquired 425,198 shares of the company’s stock, valued at approximately $1,956,000.

Other large investors have also bought and sold shares of the company. Allworth Financial LP boosted its stake in Snap by 92.3% in the third quarter. Allworth Financial LP now owns 3,293 shares of the company’s stock valued at $25,000 after acquiring an additional 1,581 shares during the last quarter. Oak Harvest Investment Services bought a new stake in shares of Snap during the 4th quarter valued at $26,000. Arax Advisory Partners lifted its stake in shares of Snap by 220.0% in the 4th quarter. Arax Advisory Partners now owns 3,309 shares of the company’s stock valued at $27,000 after purchasing an additional 2,275 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Snap in the 4th quarter valued at $29,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Snap by 561.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,618 shares of the company’s stock worth $29,000 after purchasing an additional 3,071 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Snap news, CFO Douglas Hott sold 124,209 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.60, for a total value of $695,570.40. Following the completion of the transaction, the chief financial officer directly owned 2,571,149 shares of the company’s stock, valued at approximately $14,398,434.40. The trade was a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ajit Mohan sold 44,785 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $5.60, for a total value of $250,796.00. Following the completion of the transaction, the insider directly owned 5,057,891 shares of the company’s stock, valued at approximately $28,324,189.60. The trade was a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 2,868,059 shares of company stock valued at $15,855,631. Company insiders own 22.68% of the company’s stock.

Snap Trading Down 2.0%

Shares of NYSE SNAP opened at $4.47 on Thursday. The company’s fifty day moving average is $5.11 and its 200-day moving average is $5.55. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of -18.62 and a beta of 1.05. Snap Inc. has a twelve month low of $3.81 and a twelve month high of $10.37. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 1.67.

Snap (NYSE:SNAP) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). Snap had a negative net margin of 6.72% and a negative return on equity of 18.92%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the firm earned ($0.08) EPS. Snap’s quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts predict that Snap Inc. will post -0.07 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $5.00 price objective on shares of Snap in a research note on Tuesday. Wall Street Zen raised Snap from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. DA Davidson started coverage on Snap in a report on Wednesday, July 8th. They set a “neutral” rating and a $5.00 target price on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $5.00 target price on shares of Snap in a report on Monday. Finally, Tigress Financial started coverage on Snap in a research report on Monday, April 27th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twenty-five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.23.

About Snap

Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.

Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.