Algert Global LLC Purchases Shares of 39,540 Snap Inc. $SNAP

Key Points

• Algert Global LLC has acquired a new stake in Snap Inc., purchasing 39,540 shares valued at approximately $344,000 during the first quarter.
• Research analysts have varied outlooks on Snap, with price targets ranging from $6.50 to $13.00, reflecting a consensus average rating of "Hold."
• Insider trading activity shows significant sales, including CTO Robert C. Murphy selling 1,000,000 shares for approximately $7.8 million, which reduced his ownership by 1.84%.

Algert Global LLC purchased a new stake in Snap Inc. (NYSE:SNAP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 39,540 shares of the company's stock, valued at approximately $344,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Captrust Financial Advisors increased its holdings in Snap by 8.0% in the 4th quarter. Captrust Financial Advisors now owns 13,918 shares of the company's stock valued at $150,000 after buying an additional 1,030 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Snap by 1.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 61,365 shares of the company's stock valued at $661,000 after buying an additional 1,033 shares during the period. AssuredPartners Investment Advisors LLC increased its holdings in Snap by 6.3% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 22,128 shares of the company's stock valued at $193,000 after buying an additional 1,306 shares during the period. DMC Group LLC increased its holdings in Snap by 7.2% in the 1st quarter. DMC Group LLC now owns 19,547 shares of the company's stock valued at $170,000 after buying an additional 1,313 shares during the period. Finally, AXA S.A. increased its holdings in Snap by 2.9% in the 4th quarter. AXA S.A. now owns 60,706 shares of the company's stock valued at $654,000 after buying an additional 1,727 shares during the period. Institutional investors own 47.52% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SNAP shares. Morgan Stanley increased their price objective on Snap from $6.50 to $8.50 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Rosenblatt Securities dropped their price objective on Snap from $9.00 to $8.70 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. TD Cowen increased their price objective on Snap from $9.00 to $10.00 and gave the stock a "hold" rating in a research note on Tuesday, July 15th. Sanford C. Bernstein increased their price objective on Snap from $9.00 to $10.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. Finally, BMO Capital Markets dropped their price objective on Snap from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $34.16.

Insider Activity at Snap

In related news, CTO Robert C. Murphy sold 1,000,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $7.80, for a total value of $7,800,000.00. Following the transaction, the chief technology officer owned 53,215,224 shares in the company, valued at $415,078,747.20. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Michael J. O'sullivan sold 68,705 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $7.18, for a total value of $493,301.90. Following the completion of the transaction, the general counsel owned 2,015,624 shares in the company, valued at approximately $14,472,180.32. This represents a 3.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,526,744 shares of company stock valued at $11,851,954.

Snap Price Performance

Shares of SNAP stock opened at $7.1850 on Monday. The stock's fifty day moving average is $8.66 and its 200-day moving average is $8.82. 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 stock has a market capitalization of $12.14 billion, a PE ratio of -22.45 and a beta of 0.62. Snap Inc. has a 52 week low of $6.99 and a 52 week high of $13.28.

Snap (NYSE:SNAP - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, hitting the consensus estimate of ($0.16). The company had revenue of $1.34 billion for 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%.The business's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.15) earnings per share. Snap has set its Q3 2025 guidance at EPS. Equities research analysts expect that Snap Inc. will post -0.3 EPS for the current fiscal year.

Snap Company 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.

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