Snap Inc. $SNAP Position Trimmed by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR reduced its stake in Snap Inc. by 53.1% during the second quarter, now holding 62,839 shares worth approximately $546,000.
• Snap's stock has seen recent fluctuations with a 52-week low of $6.90 and a high of $13.28, currently trading around $7.67.
• Research analysts have mostly maintained a "hold" rating with target prices ranging from $7.00 to $9.50, reflecting cautious sentiment among market observers.

Generali Asset Management SPA SGR decreased its position in Snap Inc. (NYSE:SNAP - Free Report) by 53.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,839 shares of the company's stock after selling 71,236 shares during the quarter. Generali Asset Management SPA SGR's holdings in Snap were worth $546,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in shares of Snap by 169.9% during the second quarter. Signaturefd LLC now owns 2,942 shares of the company's stock worth $26,000 after buying an additional 1,852 shares during the last quarter. Quarry LP acquired a new position in shares of Snap during the first quarter worth approximately $34,000. Itau Unibanco Holding S.A. acquired a new position in shares of Snap during the first quarter worth approximately $35,000. Wealth Preservation Advisors LLC acquired a new position in shares of Snap in the first quarter valued at $44,000. Finally, Olde Wealth Management LLC acquired a new position in shares of Snap in the first quarter valued at $52,000. Institutional investors own 47.52% of the company's stock.

Snap Stock Performance

Snap stock opened at $7.67 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.88 and a quick ratio of 3.88. The stock has a fifty day moving average price of $7.65 and a two-hundred day moving average price of $8.27. Snap Inc. has a 52-week low of $6.90 and a 52-week high of $13.28. The firm has a market capitalization of $12.96 billion, a P/E ratio of -23.97 and a beta of 0.71.

Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) earnings per share (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 during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted ($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. As a group, analysts anticipate that Snap Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SNAP shares. Cantor Fitzgerald restated a "neutral" rating and issued a $7.00 target price on shares of Snap in a research note on Wednesday, August 6th. Guggenheim restated a "neutral" rating and issued a $8.00 target price on shares of Snap in a research note on Friday, September 12th. Zacks Research lowered Snap from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Truist Financial cut their target price 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, Bank of America cut their target price on Snap from $10.00 to $9.50 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Snap currently has an average rating of "Hold" and a consensus target price of $34.65.

Insider Activity at Snap

In other news, Director Elizabeth Jenkins sold 7,900 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $55,853.00. Following the sale, the director owned 65,663 shares in the company, valued at approximately $464,237.41. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Rebecca Morrow sold 10,216 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $7.17, for a total value of $73,248.72. Following the sale, the chief accounting officer owned 436,087 shares in the company, valued at $3,126,743.79. The trade was a 2.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,482,331 shares of company stock valued at $11,364,779. 22.68% of the stock is currently owned by company insiders.

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.

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