OMERS ADMINISTRATION Corp Raises Holdings in Snap Inc. $SNAP

Key Points

• OMERS Administration Corp increased its stake in Snap Inc. by 33.0%, bringing its holdings to 163,946 shares valued at approximately $1.43 million.
• Insider trading activity includes General Counsel Michael J. O'Sullivan selling 24,000 shares and Ajit Mohan selling 184,287 shares, both resulting in a decrease in their stock positions.
• Snap Inc. has received mixed ratings from analysts, with a consensus rating of "Hold" and an average price target of $34.16, despite recent downgrades from several firms.

OMERS ADMINISTRATION Corp boosted its position in Snap Inc. (NYSE:SNAP - Free Report) by 33.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,946 shares of the company's stock after purchasing an additional 40,698 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Snap were worth $1,428,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC bought a new position in Snap in the first quarter worth $122,000. NBC Securities Inc. increased its holdings in shares of Snap by 154,650.0% during the first quarter. NBC Securities Inc. now owns 3,095 shares of the company's stock valued at $26,000 after acquiring an additional 3,093 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Snap by 2.4% during the fourth quarter. Ameriprise Financial Inc. now owns 157,118 shares of the company's stock valued at $1,692,000 after acquiring an additional 3,710 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Snap by 12.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,841 shares of the company's stock valued at $234,000 after acquiring an additional 2,918 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Snap by 19.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,115 shares of the company's stock valued at $184,000 after acquiring an additional 2,792 shares in the last quarter. Institutional investors own 47.52% of the company's stock.

Insider Buying and Selling

In other news, insider Ajit Mohan sold 184,287 shares of Snap stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.18, for a total value of $1,323,180.66. Following the completion of the transaction, the insider owned 5,492,006 shares in the company, valued at approximately $39,432,603.08. The trade was a 3.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Derek Andersen sold 60,966 shares of the business's 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 transaction, the chief financial officer owned 3,143,452 shares of the company's stock, valued at approximately $22,538,550.84. The trade was a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,510,644 shares of company stock worth $11,688,447 in the last 90 days. Company insiders own 22.68% of the company's stock.

Snap Stock Performance

NYSE:SNAP traded down $0.16 on Thursday, hitting $7.10. The stock had a trading volume of 69,805,673 shares, compared to its average volume of 38,615,809. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of -22.17 and a beta of 0.62. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.73. The business's 50-day simple moving average is $8.50 and its two-hundred day simple moving average is $8.64. Snap Inc. has a 52-week low of $6.90 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) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.16). The business 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 period last year, the firm posted ($0.15) earnings per share. Snap has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Snap Inc. will post -0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Piper Sandler reduced their price target on Snap from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. JMP Securities restated a "market perform" rating on shares of Snap in a report on Wednesday, August 6th. Wells Fargo & Company raised their price target on Snap from $8.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Loop Capital reduced their price target on Snap from $16.00 to $12.00 and set a "buy" rating for the company in a report on Friday, May 16th. Finally, Bank of America reduced their price target on Snap from $10.00 to $9.50 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Snap presently 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.