Stifel Nicolaus Sticks to Their Hold Rating for Snap (SNAP)

Stifel Nicolaus analyst Mark Kelley maintained a Hold rating on Snap today and set a price target of $4.50.

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Kelley covers the Communication Services sector, focusing on stocks such as Trade Desk, Meta Platforms, and Alphabet Class A. According to TipRanks, Kelley has an average return of 20.3% and a 56.81% success rate on recommended stocks.

In addition to Stifel Nicolaus, Snap also received a Hold from Wells Fargo’s Ken Gawrelski in a report issued on April 7. However, on April 1, Roth MKM maintained a Buy rating on Snap (NYSE: SNAP).

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. Last month, Derek Andersen, the CFO of SNAP sold 92,956.00 shares for a total of $426,668.04.