Snap Inc. (NYSE:SNAP) Given Average Rating of "Hold" by Analysts

Key Points

• Snap Inc. has received an average analyst rating of "Hold", with 23 hold ratings, 5 buy ratings, and 2 sell ratings from a total of 30 brokerages.
• The company's CFO recently sold 60,966 shares at an average price of $7.17, reducing his ownership by 1.90%.
• Snap's latest quarterly earnings report showed a revenue of $1.34 billion, with earnings per share meeting the consensus estimate at ($0.16).

Shares of Snap Inc. (NYSE:SNAP - Get Free Report) have been given an average rating of "Hold" by the thirty brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $34.1615.

Several research firms have issued reports on SNAP. Wells Fargo & Company increased their target price on Snap from $8.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. JMP Securities restated a "market perform" rating on shares of Snap in a research report on Wednesday, August 6th. Evercore ISI increased their target price on Snap from $11.00 to $12.00 and gave the stock an "in-line" rating in a research report on Wednesday, August 6th. Sanford C. Bernstein increased their target price on Snap from $9.00 to $10.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 22nd. Finally, UBS Group dropped their target price on Snap from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th.

Insider Activity

In other Snap news, CFO Derek Andersen sold 60,966 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 transaction of $437,126.22. Following the sale, the chief financial officer owned 3,143,452 shares in the company, valued at $22,538,550.84. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Michael J. O'sullivan sold 24,000 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $7.16, for a total value 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 represents a 4.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,510,644 shares of company stock valued at $11,688,447.

Institutional Investors Weigh In On Snap

Institutional investors and hedge funds have recently made changes to their positions in the business. NBC Securities Inc. raised its position in Snap by 154,650.0% during the first quarter. NBC Securities Inc. now owns 3,095 shares of the company's stock valued at $26,000 after purchasing an additional 3,093 shares in the last quarter. Signaturefd LLC grew its stake in shares of Snap by 169.9% during the second quarter. Signaturefd LLC now owns 2,942 shares of the company's stock valued at $26,000 after buying an additional 1,852 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of Snap during the fourth quarter valued at about $30,000. Rakuten Securities Inc. grew its stake in shares of Snap by 155.4% during the first quarter. Rakuten Securities Inc. now owns 3,489 shares of the company's stock valued at $30,000 after buying an additional 2,123 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Snap during the first quarter valued at about $34,000. Hedge funds and other institutional investors own 47.52% of the company's stock.

Snap Price Performance

Shares of NYSE SNAP opened at $7.31 on Monday. The stock has a fifty day simple moving average of $8.45 and a two-hundred day simple moving average of $8.56. Snap has a 1-year low of $6.90 and a 1-year high of $13.28. The firm has a market cap of $12.34 billion, a price-to-earnings ratio of -22.83 and a beta of 0.62. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.73.

Snap (NYSE:SNAP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) earnings per share for the quarter, meeting 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 business 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 earned ($0.15) earnings per share. Snap's revenue was up 8.7% compared to the same quarter last year. Snap has set its Q3 2025 guidance at EPS. Analysts anticipate that Snap will post -0.3 earnings per share for the current year.

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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