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techkenyot.com February 25, 2018


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.

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Snap (NYSE:SNAP) last announced its quarterly earnings results on Thursday, August 10th.

Analysts await (:) to report earnings on November, 9. The business's revenue was up 153.1% compared to the same quarter past year.

Abbott Laboratories (ABT) Receives Consensus Rating of "Buy" from Analysts
The Locust Wood Capital Advisers Llc holds 715,044 shares with $34.76 million value, down from 940,659 last quarter. The stock of Abbott Laboratories (NYSE:ABT) has "Equal-Weight" rating given on Monday, January 4 by Morgan Stanley.

"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.

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