Bayforest Capital Ltd Takes $694,000 Position in Snap Inc. $SNAP

Key Points

• Bayforest Capital Ltd purchased 79,625 shares of Snap Inc. valued at approximately $694,000, marking a significant new investment in the company.
• Snap Inc. reported a quarterly revenue of $1.34 billion with no change in the earnings per share (EPS) compared to analyst estimates, indicating consistency in financial performance.
• Insider transactions saw significant sales of shares by executives, including Ajit Mohan and CFO Derek Andersen, reflecting a total sale of over 1.5 million shares in the past ninety days.

Bayforest Capital Ltd acquired a new stake in shares of Snap Inc. (NYSE:SNAP - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 79,625 shares of the company's stock, valued at approximately $694,000.

A number of other institutional investors have also modified their holdings of SNAP. NBC Securities Inc. grew its position in shares of Snap by 154,650.0% during the 1st quarter. NBC Securities Inc. now owns 3,095 shares of the company's stock valued at $26,000 after buying an additional 3,093 shares during the last quarter. Raiffeisen Bank International AG bought a new position in Snap in the 4th quarter worth about $30,000. Rakuten Securities Inc. grew its position in Snap by 155.4% in the 1st quarter. Rakuten Securities Inc. now owns 3,489 shares of the company's stock worth $30,000 after purchasing an additional 2,123 shares during the last quarter. Quarry LP bought a new position in Snap in the 1st quarter worth about $34,000. Finally, Itau Unibanco Holding S.A. bought a new position in Snap in the 1st quarter worth about $35,000. Institutional investors own 47.52% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on SNAP. UBS Group reduced their price target on Snap from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Piper Sandler cut their price objective on shares of Snap from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Citizens Jmp reiterated a "market perform" rating on shares of Snap in a research report on Wednesday, August 6th. Bank of America dropped their price target on shares of Snap from $10.00 to $9.50 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Finally, Zacks Research cut shares of Snap from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Five investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $34.16.

Snap Price Performance

Shares of SNAP traded up $0.05 during mid-day trading on Friday, hitting $7.34. The company's stock had a trading volume of 87,471,875 shares, compared to its average volume of 40,541,730. Snap Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $13.28. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of -22.94 and a beta of 0.62. The firm has a 50-day moving average price of $8.29 and a 200 day moving average price of $8.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.88 and a quick ratio of 3.88.

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

Insider Buying and Selling

In other news, insider Ajit Mohan sold 184,287 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $7.18, for a total transaction of $1,323,180.66. Following the sale, the insider directly owned 5,492,006 shares of the company's stock, valued at $39,432,603.08. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Derek Andersen sold 60,966 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $7.17, for a total value of $437,126.22. Following the completion of the transaction, the chief financial officer owned 3,143,452 shares of the company's stock, valued at $22,538,550.84. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,510,644 shares of company stock valued at $11,688,447. Insiders own 22.68% of the company's stock.

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.