Snap (SNAP) Gets a Hold from Bernstein
Bernstein analyst Mark Shmulik maintained a Hold rating on Snap today and set a price target of $8.00.
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According to TipRanks, Shmulik is a 5-star analyst with an average return of 18.0% and a 62.60% success rate. Shmulik covers the Communication Services sector, focusing on stocks such as Pinterest, Reddit Inc Class A, and Alphabet Class A.
In a report released today, TipRanks – Google also reiterated a Hold rating on the stock with a $4.00 price target.
Based on Snap’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.72 billion and a net profit of $45.21 million. In comparison, last year the company earned a revenue of $1.56 billion and had a net profit of $9.1 million
Based on the recent corporate insider activity of 95 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. Earlier this month, Ajit Mohan, the CBO of SNAP sold 27,743.00 shares for a total of $127,340.37.
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