Erickson covers the Communication Services sector, focusing on stocks such as Zillow Group Class A, Angi, and Meta Platforms. According to TipRanks, Erickson has an average return of 6.9% and a 52.02% success rate on recommended stocks.
Snap has an analyst consensus of Hold, with a price target consensus of $7.59, representing a 66.45% upside. In a report released yesterday, Mizuho Securities also maintained a Hold rating on the stock with a $5.00 price target.
Based on Snap’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.53 billion and a GAAP net loss of $88.95 million. In comparison, last year the company earned a revenue of $1.36 billion and had a GAAP net loss of $139.59 million
Based on the recent corporate insider activity of 89 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 24,263.00 shares for a total of $114,278.73.
