Snap (NYSE:SNAP) Receives "Neutral" Rating from Guggenheim

Key Points

• Snap's stock received a "neutral" rating from Guggenheim, which aligns with similar ratings from Cantor Fitzgerald and Bank of America, while Wells Fargo increased their target price to $11.00.
• Snap's recent earnings report showed a revenue increase of 8.7% year-over-year, with EPS reaching ($0.16), meeting consensus estimates.
• Insider selling has been notable, with CFO Derek Andersen selling over 60,000 shares recently, indicating a 1.90% reduction in his holdings.

Snap (NYSE:SNAP - Get Free Report)'s stock had its "neutral" rating reissued by equities researchers at Guggenheim in a report issued on Wednesday,Benzinga reports.

Other equities analysts have also issued reports about the company. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $7.00 target price on shares of Snap in a research report on Wednesday, August 6th. Wells Fargo & Company upped their price objective on Snap from $8.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Truist Financial reduced their target price on Snap from $11.00 to $10.00 and set a "hold" rating for the company in a report on Wednesday, August 6th. Bank of America reduced their target price on Snap from $10.00 to $9.50 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Finally, Citizens Jmp reissued a "market perform" rating on shares of Snap in a research report on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $34.16.

Snap Trading Up 0.9%

Shares of NYSE:SNAP traded up $0.07 during trading on Wednesday, reaching $7.40. 8,785,333 shares of the stock were exchanged, compared to its average volume of 37,895,367. 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 12-month low of $6.90 and a 12-month high of $13.28. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of -23.23 and a beta of 0.62. The firm's 50-day moving average price is $8.51 and its 200 day moving average price is $8.65.

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

Insider Buying and Selling

In other Snap news, CFO Derek Andersen sold 60,966 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.17, for a total value of $437,126.22. Following the completion of the sale, the chief financial officer owned 3,143,452 shares in the company, valued at approximately $22,538,550.84. This trade represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Rebecca Morrow sold 10,216 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.17, for a total value of $73,248.72. Following the transaction, the chief accounting officer owned 436,087 shares of the company's stock, valued at $3,126,743.79. This trade represents a 2.29% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,510,644 shares of company stock worth $11,688,447.

Institutional Investors Weigh In On Snap

Hedge funds and other institutional investors have recently made changes to their positions in the company. NBC Securities Inc. increased its stake 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 during the period. Signaturefd LLC boosted its position in shares of Snap by 169.9% in the 2nd quarter. Signaturefd LLC now owns 2,942 shares of the company's stock worth $26,000 after purchasing an additional 1,852 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of Snap in the 4th quarter worth $30,000. Rakuten Securities Inc. boosted 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 worth $30,000 after purchasing an additional 2,123 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Snap in the 1st quarter worth $34,000. 47.52% of the stock is owned by institutional investors and hedge funds.

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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