The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Snap had a negative net margin of 30.19% and a negative return on equity of 36.83%. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.01. ![]() Snap ( NYSE:SNAP – Get Free Report) last announced its quarterly earnings data on Tuesday, July 25th. The company has a market cap of $13.98 billion, a PE ratio of -10.14 and a beta of 1.29. The company has a 50-day moving average price of $9.55 and a 200 day moving average price of $10.26. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 1.50. Snap has a twelve month low of $7.33 and a twelve month high of $13.89. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $10.26. Four equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have issued a buy rating to the company’s stock. Finally, Credit Suisse Group increased their price target on shares of Snap from $11.00 to $16.00 and gave the company an outperform rating in a research note on Monday, July 17th. They set a reduce rating and a $7.50 price objective for the company. HSBC began coverage on shares of Snap in a research note on Tuesday, September 26th. Rosenblatt Securities reaffirmed a neutral rating and set a $9.00 price objective on shares of Snap in a research note on Wednesday, July 26th. Barclays upped their price objective on shares of Snap from $11.00 to $15.00 in a research note on Wednesday, July 26th. Jefferies Financial Group upped their price objective on shares of Snap from $9.00 to $13.00 and gave the company a hold rating in a research note on Thursday, July 13th. Several other brokerages have also recently issued reports on SNAP. ![]() Snap ( NYSE:SNAP – Free Report) had its target price trimmed by Wells Fargo & Company from $9.00 to $8.00 in a research note released on Friday morning, FlyOnTheWall reports.
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