Nuveen LLC Takes $1.68 Million Position in Snap Inc. $SNAP

Key Points

• Nuveen LLC has acquired a new stake in Snap Inc., purchasing 192,312 shares valued at approximately $1,675,000.
• Snap Inc. reported a revenue growth of 8.7% year-over-year, with earnings per share (EPS) meeting consensus estimates at ($0.16).
• Recent analyst reports have resulted in varied price target adjustments, with Guggenheim lowering their target from $9.00 to $8.00 while Morgan Stanley raised theirs from $6.50 to $8.50.

Nuveen LLC acquired a new position in Snap Inc. (NYSE:SNAP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 192,312 shares of the company's stock, valued at approximately $1,675,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNAP. Vanguard Group Inc. grew its holdings in Snap by 6.7% during the first quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company's stock valued at $953,601,000 after purchasing an additional 6,921,841 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Snap by 121.9% during 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. Worldquant Millennium Advisors LLC acquired a new position in Snap during the fourth quarter valued at approximately $11,705,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in Snap during the fourth quarter valued at approximately $10,420,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Snap by 13.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,075,318 shares of the company's stock valued at $76,201,000 after purchasing an additional 828,285 shares during the last quarter. Institutional investors and hedge funds own 47.52% of the company's stock.

Insider Buying and Selling

In other news, Director Elizabeth Jenkins sold 7,900 shares of the company's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $7.07, for a total value of $55,853.00. Following the completion of the sale, the director directly owned 65,663 shares of the company's stock, valued at $464,237.41. This represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Rebecca Morrow sold 10,216 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.17, for a total value of $73,248.72. Following the sale, the chief accounting officer directly owned 436,087 shares of the company's stock, valued at approximately $3,126,743.79. The trade was a 2.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,510,644 shares of company stock worth $11,688,447 over the last quarter.

Snap Trading Up 2.8%

NYSE:SNAP traded up $0.20 on Tuesday, hitting $7.34. 102,997,055 shares of the stock were exchanged, compared to its average volume of 38,109,570. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of -22.94 and a beta of 0.62. Snap Inc. has a 52 week low of $6.90 and a 52 week high of $13.28. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.88 and a current ratio of 3.88. The company's 50-day moving average price is $8.53 and its 200 day moving average price is $8.66.

Snap (NYSE:SNAP - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, meeting analysts' consensus estimates of ($0.16). The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.34 billion. Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.Snap's revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.15) EPS. Snap has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Snap Inc. will post -0.3 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SNAP. Cantor Fitzgerald reissued a "neutral" rating and issued a $7.00 price objective on shares of Snap in a research report on Wednesday, August 6th. BMO Capital Markets reduced their price objective on Snap from $13.00 to $12.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Evercore ISI increased their price objective on Snap from $11.00 to $12.00 and gave the company an "in-line" rating in a research report on Wednesday, August 6th. Zacks Research cut Snap from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Finally, Morgan Stanley lifted their price target on shares of Snap from $6.50 to $8.50 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Five investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Snap has an average rating of "Hold" and a consensus price target of $34.16.

Snap Profile

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.