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Snap Inc. (SNAP) Reaches $10.51 Yearly Low; Avid Technology (AVID) SI Decreased By 14.16%

Avid Technology, Inc. (NASDAQ:AVID) Logo

Avid Technology Inc (NASDAQ:AVID) had a decrease of 14.16% in short interest. AVID’s SI was 3.76M shares in May as released by FINRA. Its down 14.16% from 4.38M shares previously. With 346,300 avg volume, 11 days are for Avid Technology Inc (NASDAQ:AVID)’s short sellers to cover AVID’s short positions. The SI to Avid Technology Inc’s float is 11.46%. The stock increased 0.10% or $0.005 during the last trading session, reaching $4.995. About 50,774 shares traded. Avid Technology, Inc. (NASDAQ:AVID) has declined 3.49% since May 17, 2017 and is downtrending. It has underperformed by 15.04% the S&P500.

The stock of Snap Inc. (NYSE:SNAP) hit a new 52-week low and has $9.66 target or 8.00% below today’s $10.51 share price. The 7 months bearish chart indicates high risk for the $13.22 billion company. The 1-year low was reported on May, 17 by Barchart.com. If the $9.66 price target is reached, the company will be worth $1.06B less. The stock decreased 0.71% or $0.075 during the last trading session, reaching $10.505. About 20.28 million shares traded. Snap Inc. (NYSE:SNAP) has declined 32.02% since May 17, 2017 and is downtrending. It has underperformed by 43.57% the S&P500.

Investors sentiment increased to 1.41 in 2017 Q4. Its up 0.41, from 1 in 2017Q3. It is positive, as 15 investors sold Avid Technology, Inc. shares while 22 reduced holdings. 24 funds opened positions while 28 raised stakes. 29.89 million shares or 5.81% more from 28.25 million shares in 2017Q3 were reported. Citadel Advsrs Lc invested in 0% or 62,777 shares. Private Cap Mgmt Ltd Co reported 0.57% stake. Wells Fargo Mn stated it has 74,852 shares or 0% of all its holdings. Ny State Common Retirement Fund invested in 0% or 29,500 shares. Jacobs Levy Equity invested in 430,680 shares or 0.04% of the stock. American Interest Gru Inc holds 0% or 22,517 shares in its portfolio. Macquarie Grp accumulated 21,300 shares. Jpmorgan Chase And Co reported 77,441 shares. Dimensional Fund Advsrs Lp reported 1.84 million shares stake. 254,951 were reported by Deutsche Savings Bank Ag. Citigroup Inc owns 7,671 shares for 0% of their portfolio. 550,985 were reported by State Street. 68,794 were accumulated by D E Shaw And Co. Stone Ridge Asset Management Limited Liability Com stated it has 40,775 shares or 0.01% of all its holdings. Schwab Charles Investment Mngmt Inc accumulated 122,026 shares.

More notable recent Avid Technology, Inc. (NASDAQ:AVID) news were published by: Nasdaq.com which released: “Avid Technology Announces Q1 2018 Results and Issues Q2 2018 Guidance” on May 10, 2018, also Globenewswire.com with their article: “Avid Transforms TV News Production for RTS Senegal Africa” published on April 26, 2018, Nasdaq.com published: “Avid Technology Announces Conference Call to Discuss First Quarter 2018 Financial Results” on April 28, 2018. More interesting news about Avid Technology, Inc. (NASDAQ:AVID) were released by: Seekingalpha.com and their article: “Avid’s (AVID) CEO Jeff Rosica on Q1 2018 Results – Earnings Call Transcript” published on May 11, 2018 as well as Globenewswire.com‘s news article titled: “New Research Coverage Highlights ICF International, Strayer Education, Avid Technology, Fox Factory Holding …” with publication date: May 01, 2018.

Among 4 analysts covering Avid Technology (NASDAQ:AVID), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Avid Technology had 6 analyst reports since August 11, 2015 according to SRatingsIntel. BWS Financial downgraded the stock to “Hold” rating in Thursday, November 10 report. The stock of Avid Technology, Inc. (NASDAQ:AVID) earned “Buy” rating by BWS Financial on Wednesday, November 11. The rating was downgraded by Dougherty & Company on Tuesday, August 11 to “Buy”. Singular Research initiated it with “Buy” rating and $8.50 target in Wednesday, December 9 report. Dougherty downgraded Avid Technology, Inc. (NASDAQ:AVID) on Thursday, December 7 to “Sell” rating.

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution worldwide. The company has market cap of $207.30 million. The firm offers professional video creative tools, such as Media Composer product line that is used to edit video content; NewsCutter option and iNews systems for news production; Avid Symphony option, which is used during post-production; and Media Composer | Cloud solution that enables broadcast news professionals to acquire, access, edit, and finish stories. It currently has negative earnings. It also offers media management solutions comprising Avid MediaCentral | UX Web and mobile apps that provide real-time access to media assets for media professional; and Avid Interplay asset management solutions, which offers network, storage, and database solutions to enable users to simultaneously share and manage media assets across a project or organization.

Analysts await Snap Inc. (NYSE:SNAP) to report earnings on August, 9. They expect $-0.31 EPS, up 13.89% or $0.05 from last year’s $-0.36 per share. After $-0.28 actual EPS reported by Snap Inc. for the previous quarter, Wall Street now forecasts 10.71% negative EPS growth.

Among 42 analysts covering Snap Chat (NYSE:SNAP), 11 have Buy rating, 11 Sell and 20 Hold. Therefore 26% are positive. Snap Chat has $31 highest and $7 lowest target. $16.84’s average target is 60.30% above currents $10.505 stock price. Snap Chat had 114 analyst reports since March 2, 2017 according to SRatingsIntel. Cowen & Co maintained the stock with “Sell” rating in Friday, April 27 report. On Wednesday, November 15 the stock rating was downgraded by JMP Securities to “Market Perform”. J.P. Morgan downgraded Snap Inc. (NYSE:SNAP) on Wednesday, November 8 to “Sell” rating. Stifel Nicolaus downgraded the shares of SNAP in report on Wednesday, November 8 to “Hold” rating. As per Friday, August 11, the company rating was maintained by Barclays Capital. The firm has “Hold” rating by Canaccord Genuity given on Monday, May 15. Aegis Capital maintained the shares of SNAP in report on Wednesday, November 8 with “Hold” rating. The company was maintained on Thursday, October 5 by Needham. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, October 5 report. The firm has “Buy” rating given on Friday, June 16 by Drexel Hamilton.

More notable recent Snap Inc. (NYSE:SNAP) news were published by: Fool.com which released: “Snap Hits All-Time Low Months After CEO Evan Spiegel Gets $637 Million Bonus” on May 16, 2018, also Fool.com with their article: “Snap Should Have Listened to Its Customers” published on May 15, 2018, Benzinga.com published: “Foot Locker, Petrobras, Snap, Silver: ‘Fast Money’ Picks For May 17” on May 17, 2018. More interesting news about Snap Inc. (NYSE:SNAP) were released by: 247Wallst.com and their article: “Coca-Cola, Snap Dive into Tuesday’s 52-Week Low Club” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “Snap: Ugly Duckling In Social Media” with publication date: May 02, 2018.

Snap Inc. (NYSE:SNAP) Ratings Chart

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