Apple Releases tvOS 12 Beta 2 for registered developers
Telecom companies say they won't share your location data anymore
Steam Summer Sale 2018 on now with 1000s of deals on games
Snapchat introduces "Context Cards" feature in its messaging platform
12 October 2017, 04:54 | Casey Mitchell
US Bancorp DE acquired a new stake in Snap during the first quarter valued at about $101,000. WFG Advisors LP increased its stake in Snap by 52.4% during the 2nd quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in Snap during the first quarter valued at about $2,837,000. Harel Insurance Investments & Financial Services Ltd. now owns 7,540 shares of the company's stock valued at $134,000 after purchasing an additional 6,540 shares in the last quarter. This is an increase of approximately 542% compared to the average volume of 5,463 put options.
Previously on 10/02/2017, Stifel reported on Snap Chat (NYSE:SNAP) held steady the target price at $18.00. Needham & Company LLC assumed coverage on Snap in a research report on Monday, March 6th. This target by Credit Suisse suggests the possibile upside of 30.98 % from the last stock price. Canaccord Genuity maintained Snap Inc (NYSE:SNAP) on Friday, August 11 with "Hold" rating. Loop Capital initiated the stock with "Hold" rating in Tuesday, March 28 report. Ten analysts have rated the stock with a sell rating, twenty-five have given a hold rating and twelve have issued a buy rating to the company's stock. 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 firm's market capitalization is $24.20 billion. Snap has a one year low of $11.28 and a one year high of $29.44. The firm has a 50-day moving average price of $21.03 and a 200 day moving average price of $21.49.
"The firm's longer-term investment thesis remains predicated on the following: "(1) we believe SNAP shares at current levels are now exhibiting asymmetric risk/reward to the upside, with downside risk of ~6% in our Grey Sky scenario and upside potential of ~39% to our target, (2) it is a scarce asset that offers advertisers access to a coveted younger demographic; and (3) Snap is a margin expansion story with revenue CAGR exceeding cost of sales CAGR".
Fast forward two months later, Wall Street - understanding the company's metrics better - is now warming up to Snap and willing to look beyond Snap's near-term flaws.
Facebook announces standalone VR headset
That story has now been confirmed with the social media giant announcing a standalone VR headset that requires no phone or PC. This new deal should be the best opportunity to capture the VR market, which should be able to capture a junk of VR market.
Apple Teams Up With LG Display For Foldable iPhone
It could also be because Apple is cautious about what they share with Samsung , according to Korean news site The Investor . However, it's been suggested that Tim Cook and co do not want to develop too close a relationship with an arch rival.
Warm again today, spotty rain Friday
After the cold front moves out cooler temperatures settle in with temperatures not differentiating too much from morning lows. South Jersey may touch 84 or 85 degrees - the record high at ACY is 85 degrees, and could be in jeopardy Tuesday .