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

Key Points

• Snap Inc. has received a consensus rating of "Hold" from analysts, with two sell ratings, twenty-three holds, and four buy ratings across twenty-nine brokerages.
• The average one-year price target for Snap shares stands at $34.77, despite current trading around $8.21, reflecting a significant gap between perceived value and market price.
• Recent insider selling activity includes the sale of over 27,000 shares by insider Ajit Mohan, and insiders have offloaded a total of 1.5 million shares in the past ninety days.

Snap Inc. (NYSE:SNAP - Get Free Report) has been given a consensus rating of "Hold" by the twenty-nine brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $34.7680.

Several equities research analysts have recently commented on SNAP shares. Bank of America reduced their price target on shares of Snap from $10.00 to $9.50 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Sanford C. Bernstein upped their price target on shares of Snap from $9.00 to $10.00 and gave the company a "market perform" rating in a research report on Tuesday, July 22nd. Piper Sandler reduced their price target on shares of Snap from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Evercore ISI upped their price target on shares of Snap from $11.00 to $12.00 and gave the company an "in-line" rating in a research report on Wednesday, August 6th. Finally, Truist Financial reduced their price target on shares of Snap from $11.00 to $10.00 and set a "hold" rating for the company in a research report on Wednesday, August 6th.

Snap Price Performance

Shares of NYSE:SNAP opened at $8.21 on Friday. Snap has a fifty-two week low of $6.90 and a fifty-two week high of $13.28. The business has a 50-day simple moving average of $7.83 and a two-hundred day simple moving average of $8.35. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.88 and a current ratio of 3.88. The firm has a market cap of $13.87 billion, a price-to-earnings ratio of -25.64 and a beta of 0.71.

Snap (NYSE:SNAP - Get Free Report) last issued its earnings results 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 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 quarter in the previous year, the firm earned ($0.15) EPS. Snap's revenue was up 8.7% on a year-over-year basis. Snap has set its Q3 2025 guidance at EPS. On average, analysts expect that Snap will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Ajit Mohan sold 27,595 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $7.56, for a total value of $208,618.20. Following the completion of the sale, the insider directly owned 5,464,411 shares of the company's stock, valued at approximately $41,310,947.16. This represents a 0.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Elizabeth Jenkins sold 7,900 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 65,663 shares of the company's stock, valued at $464,237.41. This represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,510,532 shares of company stock worth $11,629,869 in the last ninety days. Corporate insiders own 22.68% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Snap by 6.7% during 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 boosted its position in shares of Snap by 110.4% during the 1st quarter. AQR Capital Management LLC now owns 11,300,874 shares of the company's stock valued at $95,549,000 after acquiring an additional 5,930,766 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Snap by 5.5% during the 1st quarter. Deutsche Bank AG now owns 9,526,590 shares of the company's stock valued at $82,977,000 after acquiring an additional 499,395 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Snap by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,925,956 shares of the company's stock valued at $60,325,000 after acquiring an additional 324,784 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Snap by 121.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 6,848,370 shares of the company's stock valued at $59,649,000 after acquiring an additional 3,761,629 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors.

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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