Science

Snapchat shares rise after solid fourth-quarter earnings

Snapchat shares rise after solid fourth-quarter earnings

Media coverage about Snap (NYSE:SNAP) has been trending somewhat negative on Wednesday, Accern Sentiment reports. SunTrust Banks reiterated a "sell" rating and set a $10.00 price objective on shares of Snap in a research note on Thursday, October 12th.

Spiegel warned in November that the redesign could be disruptive to Snap's business in the short term, so it will be interesting to see if the company provides any color as to how the rollout is going so far. The stock now has an average rating of "Hold" and a consensus price target of $17.70.

Snap's Q4 earnings report sees the company on the up following Q3's disappointing results, which saw stock drop 18pc in after-hours trading. They noted that the move was a valuation call. Fourteen analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. WFG Advisors LP now owns 7,377 shares of the company's stock valued at $131,000 after buying an additional 2,537 shares in the last quarter. The firm has a market capitalization of $24,990.00 and a PE ratio of -6.53. Year-to-date, SNAP has declined -3.76%, versus a 0.85% rise in the benchmark S&P 500 index during the same period. Analysts on average expected a loss of 16 cents per share, according to Thomson Reuters I/B/E/S. Snap had a negative net margin of 463.16% and a negative return on equity of 107.36%.

New Relic reported a third quarter net loss of $8 million, or 14 cents a share, on revenue of $91.8 million, up 35 percent from a year ago.

The retention rate of new Android users increased by almost 20% when compared to previous year, meaning that the people who try Snapchat on Android are much more likely to stick around and become daily active users. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Gary Woodland wins Phoenix Open in a playoff
Needing an eagle down 18 to tie Woodland, he drove it into trouble, hacked back into play and ultimately came away with a six. Gabby, who was admitted to the hospital two days earlier after her water broke, had lost one of the babies.

Evan Niu, CFA has no position in any of the stocks mentioned. Their median price tag was $12.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,885,626 shares of company stock worth $25,814,031. WFG Advisors LP increased its stake in Snap by 52.4% during the second quarter.

"Over 90pc of Snap Ads were bought programmatically during Q4, which means that the auction transition for Snap Ads is largely behind us". Analysts were expecting a loss of -$0.15 per share. The company has been laboring with uninspired sales and slow user growth in the past three quarters since it went public. The Motley Fool owns shares of and recommends Facebook. But the company's bet on Spectacles has been expensive, costing the company $40 million last quarter for "excess inventory".

The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc.in September 2016.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by TrueBlueTribune and is the property of of TrueBlueTribune.


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