Snap (SNAP) Receives a Hold from Raymond James

Raymond James analyst Aaron Kessler maintained a Hold rating on Snap (SNAPResearch Report) yesterday. The company’s shares closed last Thursday at $62.97.

According to TipRanks.com, Kessler is a top 100 analyst with an average return of 28.8% and a 74.5% success rate. Kessler covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Alphabet Class C.

Currently, the analyst consensus on Snap is a Moderate Buy with an average price target of $83.93, which is a 33.6% upside from current levels. In a report issued on July 19, Monness also maintained a Hold rating on the stock.

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The company has a one-year high of $73.59 and a one-year low of $20.61. Currently, Snap has an average volume of 19.64M.

Based on the recent corporate insider activity of 154 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.

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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.