Snap (NYSE:SNAP) Receives Neutral Rating from Guggenheim

Key Points

• Snap's stock has received a neutral rating from Guggenheim, with a target price set at $8.00, indicating a potential upside of 9.74% from its current price.
• Insider transactions revealed that executives sold approximately 245,253 shares of Snap stock, indicating a 3.25% and 1.90% decrease in ownership by the insider and CFO respectively.
• Snap's latest quarterly earnings showed an EPS of ($0.16), meeting consensus estimates, while revenue was reported at $1.34 billion, reflecting an 8.7% year-over-year increase.

Snap (NYSE:SNAP - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at Guggenheim in a report released on Friday,Benzinga reports. They presently have a $8.00 target price on the stock. Guggenheim's price target indicates a potential upside of 9.74% from the company's current price.

A number of other research analysts have also recently commented on the stock. Cantor Fitzgerald reissued a "neutral" rating and set a $7.00 target price on shares of Snap in a research report on Wednesday, August 6th. Citigroup downgraded shares of Snap from an "outperform" rating to a "negative" rating in a report on Tuesday, July 15th. Bank of America cut their price target on shares of Snap from $10.00 to $9.50 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Citizens Jmp reissued a "market perform" rating on shares of Snap in a report on Wednesday, August 6th. Finally, Evercore ISI upped their price objective on shares of Snap from $11.00 to $12.00 and gave the company an "in-line" rating in a research note on Wednesday, August 6th. Five equities 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's stock. According to MarketBeat, Snap currently has a consensus rating of "Hold" and an average target price of $34.16.

Snap Trading Up 3.4%

NYSE SNAP opened at $7.29 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.88 and a quick ratio of 3.88. The firm's fifty day moving average price is $8.29 and its 200 day moving average price is $8.49. The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of -22.78 and a beta of 0.62. Snap has a 12 month low of $6.90 and a 12 month high of $13.28.

Snap (NYSE:SNAP - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the firm posted ($0.15) EPS. 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 expect that Snap will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Snap news, insider Ajit Mohan sold 184,287 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $7.18, for a total transaction of $1,323,180.66. Following the completion of the transaction, the insider directly owned 5,492,006 shares in the company, valued at $39,432,603.08. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Derek Andersen sold 60,966 shares of Snap stock in a transaction dated 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 of the company's stock, valued at approximately $22,538,550.84. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,510,644 shares of company stock valued at $11,688,447. 22.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC acquired a new position in shares of Snap during the 1st quarter worth approximately $122,000. NBC Securities Inc. raised its position in Snap by 154,650.0% in 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 during the last quarter. Ameriprise Financial Inc. raised its position in shares of Snap by 2.4% during the fourth quarter. Ameriprise Financial Inc. now owns 157,118 shares of the company's stock worth $1,692,000 after acquiring an additional 3,710 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Snap by 12.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,841 shares of the company's stock worth $234,000 after acquiring an additional 2,918 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Snap by 19.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,115 shares of the company's stock worth $184,000 after acquiring an additional 2,792 shares during the last quarter. Institutional investors and hedge funds 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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