Snapchat Stocks Soar Following Release of New Context Cards Feature

The company now has a consensus rating of "Hold" and an average price target of $21.93. Ten research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and thirteen have issued a buy rating to the stock. Therefore 29% are positive. Snap Inc. has a 52-week low of $11.28 and a 52-week high of $29.44. The stock now has an average rating of "Hold" and an average price target of $18.03.

"We know the simple act of swiping up on a snap to reserve a table will provide an experience that our diners and restaurants will love", OpenTable's senior vice president of strategy and business development Catherine Porter said. Stifel Nicolaus upgraded Snap from a "hold" rating to a "buy" rating and boosted their target price for the stock from $15.24 to $22.00 in a report on Thursday, July 13th.

In other news, VP Timothy Sehn sold 150,000 shares of Snap stock in a transaction dated Wednesday, August 23rd.

Ethics Committee extends review of Rep. Chris Collins
Collins is a board member of Innate Immunotherapeutics and holds stock in the Australian company. Chris Collins (R-Erie County) and his relationship with an Australian biotech firm.

Piper Jaffray Companies reaffirmed their hold rating on shares of Snap Inc. On Thursday, March 30 the stock rating was maintained by Robert W. Baird with "Buy". The rating was maintained by Drexel Hamilton on Friday, June 16 with "Buy". The rating was upgraded by Cantor Fitzgerald on Tuesday, August 15 to "Overweight". The stock of Snap Inc (NYSE:SNAP) earned "Hold" rating by Canaccord Genuity on Sunday, October 1. As per Friday, April 7, the company rating was maintained by Loop Capital. About 32,349 shares traded. It has underperformed by 16.70% the S&P500. The company reported ($0.36) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.29) by ($0.07). For Snapchat's parent company Snap Inc., the Context Cards open another possible revenue stream from retailers and other businesses that are seeking alternatives to driving foot traffic outside of mapping apps, social media and the search engines that dominate digital advertising. The stock's market capitalization is $17.17 billion.

No word on how this benefits Snapchat in the money aspect, though if it's a click-through deal, the company has to count on people to "come over". It now has negative earnings. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Latest News