Snap (NYSE:SNAP) General Counsel Michael J. O'sullivan Sells 14,290 Shares

Key Points

• Michael O'Sullivan, General Counsel of Snap Inc., sold 14,290 shares of stock for a total of $108,318.20, reducing his ownership to approximately 1.94 million shares.
• Snap's stock has seen trading fluctuations, recently hitting $8.46, with a 12-month range between $6.90 and $13.28.
• Analysts are generally cautious, with four recommending a Buy rating, twenty-two a Hold, and two a Sell, giving Snap an average rating of "Hold".

Snap Inc. (NYSE:SNAP - Get Free Report) General Counsel Michael J. O'sullivan sold 14,290 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $7.58, for a total value of $108,318.20. Following the completion of the transaction, the general counsel owned 1,939,064 shares in the company, valued at $14,698,105.12. This represents a 0.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Snap Stock Down 3.2%

Shares of SNAP stock traded down $0.27 during trading hours on Friday, reaching $8.17. The company had a trading volume of 194,479,450 shares, compared to its average volume of 91,351,576. Snap Inc. has a 12 month low of $6.90 and a 12 month high of $13.28. 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 business has a fifty day simple moving average of $8.13 and a 200-day simple moving average of $8.40. The company has a market cap of $13.81 billion, a price-to-earnings ratio of -25.53 and a beta of 0.62.

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Citizens Jmp reiterated a "market perform" rating on shares of Snap in a report on Wednesday, August 6th. Guggenheim reiterated a "neutral" rating and set a $8.00 price target on shares of Snap in a report on Friday, September 12th. Morgan Stanley lifted their price target on Snap from $6.50 to $8.50 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Rosenblatt Securities dropped their price target on Snap from $9.00 to $8.70 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Finally, Citigroup lowered Snap from an "outperform" rating to a "negative" rating in a research note on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Snap currently has an average rating of "Hold" and a consensus price target of $35.84.

Hedge Funds Weigh In On Snap

A number of hedge funds and other institutional investors have recently modified their holdings of SNAP. Vanguard Group Inc. lifted its stake in shares of Snap by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company's stock valued at $953,601,000 after acquiring an additional 6,921,841 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Snap by 110.4% in the 1st quarter. AQR Capital Management LLC now owns 11,300,874 shares of the company's stock worth $95,549,000 after acquiring an additional 5,930,766 shares in the last quarter. Deutsche Bank AG raised its position in shares of Snap by 5.5% in the 1st quarter. Deutsche Bank AG now owns 9,526,590 shares of the company's stock worth $82,977,000 after acquiring an additional 499,395 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Snap by 13.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,075,318 shares of the company's stock worth $76,201,000 after buying an additional 828,285 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Snap by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,925,956 shares of the company's stock worth $60,325,000 after buying an additional 324,784 shares during the last quarter. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

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.