Partners Capital Investment Group LLP Acquires New Shares in Snap Inc. $SNAP

Key Points

• Partners Capital Investment Group LLP acquired 142,441 shares of Snap Inc., worth approximately $1,241,000, marking a new investment in the company.
• Insider transactions have seen notable sales, including Ajit Mohan selling 184,287 shares for over $1.3 million, indicating a 3.25% decrease in their ownership.
• Snap's stock performance includes a current price around $7.07, with analysts rating it as a consensus of "Hold" and setting a target price between $7.00 to $12.00.

Partners Capital Investment Group LLP acquired a new position in Snap Inc. (NYSE:SNAP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 142,441 shares of the company's stock, valued at approximately $1,241,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. NBC Securities Inc. boosted its holdings 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 acquiring an additional 3,093 shares during the last quarter. Raiffeisen Bank International AG bought a new position in Snap during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. boosted its holdings in Snap by 155.4% in the first 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. Olde Wealth Management LLC purchased a new stake in Snap in the first quarter worth approximately $52,000. Finally, S Bank Fund Management Ltd bought a new stake in Snap in the 1st quarter worth approximately $53,000. Institutional investors own 47.52% of the company's stock.

Insider Activity at Snap

In other Snap news, insider Ajit Mohan sold 184,287 shares of Snap stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $7.18, for a total transaction of $1,323,180.66. Following the transaction, the insider 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 through the SEC website. Also, General Counsel Michael J. O'sullivan sold 68,705 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.18, for a total transaction of $493,301.90. Following the completion of the transaction, the general counsel owned 2,015,624 shares of the company's stock, valued at approximately $14,472,180.32. The trade was a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,526,744 shares of company stock worth $11,851,954 in the last 90 days. Insiders own 22.68% of the company's stock.

Snap Stock Performance

NYSE:SNAP opened at $7.0650 on Friday. The stock has a 50-day simple moving average of $8.68 and a two-hundred day simple moving average of $8.87. Snap Inc. has a 52-week low of $6.99 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 firm has a market capitalization of $11.94 billion, a PE ratio of -22.08 and a beta of 0.62.

Snap (NYSE:SNAP - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, hitting the consensus estimate of ($0.16). Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company earned ($0.15) earnings per share. The business's revenue for the quarter was up 8.7% compared to the same quarter last year. Snap has set its Q3 2025 guidance at EPS. Analysts forecast that Snap Inc. will post -0.3 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group lowered their price target on Snap from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Cantor Fitzgerald reiterated a "neutral" rating and set a $7.00 price objective on shares of Snap in a research report on Wednesday, August 6th. Loop Capital dropped their target price on Snap from $16.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Truist Financial cut their price target on Snap from $11.00 to $10.00 and set a "hold" rating for the company in a research note on Wednesday, August 6th. Finally, Evercore ISI upped their price target on shares of Snap from $11.00 to $12.00 and gave the company an "in-line" rating in a research report on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $34.16.

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.

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