B. Riley Analysts Reduce Earnings Estimates for Snap

Snap Inc. (NYSE:SNAP - Free Report) - Equities research analysts at B. Riley decreased their Q2 2025 EPS estimates for Snap in a research note issued on Wednesday, April 30th. B. Riley analyst N. Khan now expects that the company will post earnings per share of ($0.15) for the quarter, down from their prior estimate of ($0.07). B. Riley currently has a "Neutral" rating and a $10.00 price objective on the stock. The consensus estimate for Snap's current full-year earnings is ($0.30) per share. B. Riley also issued estimates for Snap's Q3 2025 earnings at ($0.08) EPS, FY2025 earnings at ($0.30) EPS, FY2026 earnings at ($0.04) EPS, FY2027 earnings at $0.15 EPS, FY2028 earnings at $0.34 EPS and FY2029 earnings at $0.53 EPS.

Snap (NYSE:SNAP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.12). The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. The business's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 earnings per share.

Several other research analysts have also recently weighed in on SNAP. Morgan Stanley cut their price target on shares of Snap from $8.00 to $6.50 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus reduced their price target on shares of Snap from $11.00 to $8.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. The Goldman Sachs Group decreased their target price on shares of Snap from $9.50 to $8.50 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Canaccord Genuity Group reduced their price objective on Snap from $10.00 to $9.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company dropped their price target on shares of Snap from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, twenty-three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $35.50.

Snap Stock Up 1.7 %

SNAP traded up $0.14 during mid-day trading on Monday, reaching $8.36. 10,920,431 shares of the stock were exchanged, compared to its average volume of 28,477,433. Snap has a 1 year low of $7.08 and a 1 year high of $17.33. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95. The stock has a market capitalization of $14.18 billion, a PE ratio of -19.90 and a beta of 0.61. The company has a 50 day moving average price of $8.55 and a two-hundred day moving average price of $10.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Capital International Investors acquired a new stake in shares of Snap in the fourth quarter worth $422,049,000. Capital World Investors grew its stake in shares of Snap by 38.9% during the fourth quarter. Capital World Investors now owns 84,137,317 shares of the company's stock worth $906,161,000 after purchasing an additional 23,569,522 shares during the period. Assenagon Asset Management S.A. increased its holdings in Snap by 121.9% in the first quarter. Assenagon Asset Management S.A. now owns 6,848,370 shares of the company's stock valued at $59,649,000 after purchasing an additional 3,761,629 shares during the last quarter. Norges Bank acquired a new position in Snap in the fourth quarter valued at about $30,162,000. Finally, Renaissance Technologies LLC bought a new position in Snap during the fourth quarter worth about $27,713,000. Hedge funds and other institutional investors own 47.52% of the company's stock.

Insider Activity at Snap

In other news, General Counsel Michael J. O'sullivan sold 69,119 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total transaction of $749,249.96. Following the completion of the transaction, the general counsel now directly owns 2,332,140 shares in the company, valued at approximately $25,280,397.60. The trade was a 2.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Eric Young sold 102,152 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total transaction of $1,107,327.68. Following the sale, the senior vice president now owns 3,443,419 shares of the company's stock, valued at approximately $37,326,661.96. This represents a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,362,523 shares of company stock worth $20,719,017 in the last three months. Insiders own 22.68% of the company's stock.

About Snap

Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.