Perbak Capital Partners LLP Makes New $340,000 Investment in Snap Inc. $SNAP

Key Points

• Perbak Capital Partners LLP has acquired 38,984 shares of Snap Inc., valued at approximately $340,000, according to their recent 13F filing with the SEC.
• Snap's market capitalization stands at $12.07 billion, with current stock trading at $7.14, a PE ratio of -22.33, and a negative net margin of 9.69%.
• Institutional investors now own 47.52% of Snap's stock, indicating significant institutional interest alongside various changes in holdings by other institutions.

Perbak Capital Partners LLP bought a new position in Snap Inc. (NYSE:SNAP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 38,984 shares of the company's stock, valued at approximately $340,000.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. increased its stake in shares of Snap by 154,650.0% in the first quarter. NBC Securities Inc. now owns 3,095 shares of the company's stock worth $26,000 after buying an additional 3,093 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of Snap in the fourth quarter worth $30,000. Rakuten Securities Inc. increased its stake in shares of 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 buying an additional 2,123 shares during the period. Quarry LP purchased a new position in shares of Snap in the first quarter worth $34,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Snap in the first quarter worth $35,000. 47.52% of the stock is owned by hedge funds and other institutional investors.

Snap Stock Down 2.1%

Shares of SNAP stock traded down $0.16 during mid-day trading on Thursday, reaching $7.10. 69,805,673 shares of the company's stock traded hands, compared to its average volume of 54,964,072. Snap Inc. has a 12 month low of $6.90 and a 12 month high of $13.28. The company has a market cap of $11.99 billion, a P/E 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 company's 50-day moving average price is $8.48 and its 200-day moving average price is $8.61.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on SNAP shares. Sanford C. Bernstein lifted their target price on shares of Snap from $9.00 to $10.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 22nd. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $7.00 target price on shares of Snap in a research note on Wednesday, August 6th. Citizens Jmp reissued a "market perform" rating on shares of Snap in a research report on Wednesday, August 6th. UBS Group reduced their price objective on shares of Snap from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Finally, TD Cowen boosted their price objective on shares of Snap from $9.00 to $10.00 and gave the company a "hold" rating in a research report on Tuesday, July 15th. Five investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $34.16.

Insider Activity

In other news, insider Ajit Mohan sold 184,287 shares of the business's stock in a transaction 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 sale, 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 filing with the SEC, which is accessible through the SEC website. Also, General Counsel Michael J. O'sullivan sold 24,000 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $7.16, for a total transaction of $171,840.00. Following the sale, the general counsel owned 525,254 shares in the company, valued at approximately $3,760,818.64. This trade represents a 4.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,510,644 shares of company stock worth $11,688,447. 22.68% of the stock is currently owned by corporate insiders.

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.