Morgan Stanley Cuts Snap (NYSE:SNAP) Price Target to $8.00

Key Points

• Morgan Stanley has lowered Snap's price target from $8.50 to $8.00, while maintaining an "equal weight" rating, indicating a potential upside of 3.29% from its previous close.
• Multiple analysts have issued varying ratings for Snap, with a consensus rating of "Hold" and an average price target of $34.63.
• Snap's shares are currently trading at $7.75, slightly higher than its 50-day moving average of $7.65, amidst reports of recent insider sales by key executives.

Snap (NYSE:SNAP - Get Free Report) had its target price cut by equities research analysts at Morgan Stanley from $8.50 to $8.00 in a report issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price target would suggest a potential upside of 3.29% from the company's previous close.

SNAP has been the subject of a number of other reports. Piper Sandler reduced their price objective on shares of Snap from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. JMP Securities reiterated a "market perform" rating on shares of Snap in a research note on Wednesday, August 6th. BMO Capital Markets cut their target price on shares of Snap from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Cantor Fitzgerald reiterated a "neutral" rating and set a $7.00 target price on shares of Snap in a research note on Wednesday, August 6th. Finally, Sanford C. Bernstein upped their target price on shares of Snap from $9.00 to $10.00 and gave the company a "market perform" rating in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Snap presently has a consensus rating of "Hold" and an average price target of $34.63.

Snap Stock Performance

Shares of Snap stock traded up $0.10 on Monday, reaching $7.75. The stock had a trading volume of 16,721,706 shares, compared to its average volume of 52,692,957. The business's 50-day moving average price is $7.65 and its two-hundred day moving average price is $8.27. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.88 and a current ratio of 3.88. Snap has a fifty-two week low of $6.90 and a fifty-two week high of $13.28. The stock has a market cap of $13.09 billion, a P/E ratio of -24.20 and a beta of 0.71.

Snap (NYSE:SNAP - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) earnings per share for the quarter, hitting 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 business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the previous year, the company earned ($0.15) earnings per share. Snap'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, sell-side analysts forecast that Snap will post -0.3 EPS for the current year.

Insider Transactions at Snap

In other Snap news, CFO Derek Andersen sold 33,871 shares of the business's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.56, for a total value of $256,064.76. Following the sale, the chief financial officer owned 3,109,581 shares of the company's stock, valued at $23,508,432.36. The trade was a 1.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Elizabeth Jenkins sold 7,900 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $55,853.00. Following the completion of the sale, the director directly owned 65,663 shares in the company, valued at $464,237.41. This trade represents a 10.74% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,482,331 shares of company stock worth $11,364,779.

Institutional Investors Weigh In On Snap

Several institutional investors and hedge funds have recently bought and sold shares of SNAP. SG Americas Securities LLC increased its holdings in Snap by 24.7% in the 1st quarter. SG Americas Securities LLC now owns 63,922 shares of the company's stock valued at $557,000 after buying an additional 12,677 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of Snap in the 1st quarter worth about $138,000. Retirement Systems of Alabama bought a new stake in shares of Snap in the 1st quarter worth about $7,036,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Snap by 12.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,841 shares of the company's stock worth $234,000 after purchasing an additional 2,918 shares during the last quarter. Finally, Hudson Value Partners LLC bought a new stake in shares of Snap in the 1st quarter worth about $211,000. Institutional investors own 47.52% of the company's stock.

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.

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