Snap (NYSE:SNAP) Rating Increased to Hold at Mizuho

Key Points

• Snap's stock rating was upgraded to "Hold" by Mizuho, with a consensus price target of $34.77 despite varying price objectives from other analysts.
• The company reported quarterly earnings that matched analysts' expectations, with a slight revenue increase of 8.7% year-over-year, but still faced a negative net margin of 9.69%.
• Insiders have recently sold over 1.4 million shares of Snap, totaling approximately $11.4 million, reflecting a trend of reductions in their holdings.

Snap (NYSE:SNAP - Get Free Report) was upgraded by equities researchers at Mizuho to a "hold" rating in a report released on Monday,Zacks.com reports.

A number of other research analysts also recently commented on SNAP. Piper Sandler decreased their price objective 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. JMP Securities reissued a "market perform" rating on shares of Snap in a research report on Wednesday, August 6th. TD Cowen lifted their price objective on shares of Snap from $9.00 to $10.00 and gave the company a "hold" rating in a research report on Tuesday, July 15th. Bank of America decreased their price objective 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. Finally, Guggenheim reissued a "neutral" rating and issued a $8.00 price objective on shares of Snap in a research report on Friday, September 12th. Four research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $34.77.

Snap Stock Performance

Shares of SNAP opened at $7.72 on Monday. The firm has a 50-day moving average of $7.91 and a 200-day moving average of $8.36. Snap has a one year low of $6.90 and a one year high of $13.28. The company has a market cap of $13.05 billion, a PE ratio of -24.13 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.88 and a quick ratio of 3.88.

Snap (NYSE:SNAP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, meeting 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 company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted ($0.15) EPS. The company's quarterly revenue was up 8.7% on a year-over-year basis. Snap has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Snap will post -0.3 earnings per share for the current year.

Insider Transactions at Snap

In other Snap news, CAO Rebecca Morrow sold 10,216 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $7.17, for a total value of $73,248.72. Following the completion of the sale, the chief accounting officer owned 436,087 shares of the company's stock, valued at $3,126,743.79. The trade was a 2.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ajit Mohan sold 27,595 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $7.56, for a total transaction 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 $41,310,947.16. This represents a 0.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,486,532 shares of company stock worth $11,441,229.

Institutional Trading of Snap

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC boosted its holdings in Snap by 169.9% in the 2nd quarter. Signaturefd LLC now owns 2,942 shares of the company's stock valued at $26,000 after purchasing an additional 1,852 shares during the period. NBC Securities Inc. raised its position in shares of Snap by 154,650.0% in the 1st quarter. NBC Securities Inc. now owns 3,095 shares of the company's stock valued at $26,000 after buying an additional 3,093 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of Snap by 155.4% in the 1st 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 in the last quarter. Quarry LP acquired a new position in shares of Snap in the 1st quarter valued at approximately $34,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Snap in the 1st quarter valued at approximately $35,000. Institutional investors own 47.52% of the company's stock.

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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