Canaccord Genuity Remains a Hold on Snap (SNAP)

Canaccord Genuity analyst Maria Ripps maintained a Hold rating on Snap (SNAPResearch Report) yesterday and set a price target of $11.00. The company’s shares closed yesterday at $10.37.

According to TipRanks, Ripps is a 5-star analyst with an average return of 23.5% and a 45.57% success rate. Ripps covers the Technology sector, focusing on stocks such as Meta Platforms, Fluent, and Netflix.

In addition to Canaccord Genuity, Snap also received a Hold from Monness’s Brian White in a report issued yesterday. However, on the same day, Morgan Stanley maintained a Sell rating on Snap (NYSE: SNAP).

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The company has a one-year high of $41.97 and a one-year low of $7.33. Currently, Snap has an average volume of 30.76M.

Based on the recent corporate insider activity of 116 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 2010 and based in California, Snap, Inc. is a social media company and provides a camera platform in the U.S. and internationally. It has developed many technological products and services including Snapchat, which uses the camera and editing tools to take and share Snaps; Bitmojis, which are personal emojis; Spectacles, which are wearable sunglasses capable of taking Snaps and interacting directly with the Snapchat application. The company’s primary source of revenue is advertising.

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