Snap (SNAP) to Release Earnings on Tuesday

Snap (NYSE:SNAP - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $1.35 billion for the quarter. Snap has set its Q1 2025 guidance at EPS.

Snap (NYSE:SNAP - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. On average, analysts expect Snap to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Snap Stock Performance

NYSE SNAP traded up $0.19 during trading on Friday, reaching $8.52. The company's stock had a trading volume of 32,795,993 shares, compared to its average volume of 27,362,561. The firm has a 50 day moving average price of $8.90 and a 200 day moving average price of $10.48. Snap has a 12 month low of $7.08 and a 12 month high of $17.33. The firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of -20.29 and a beta of 0.92. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.47.

Insider Activity at Snap

In other Snap news, General Counsel Michael J. O'sullivan sold 18,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $11.49, for a total value of $206,820.00. Following the transaction, the general counsel now directly owns 480,498 shares of the company's stock, valued at approximately $5,520,922.02. The trade was a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Derek Andersen sold 61,334 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $10.84, for a total transaction of $664,860.56. Following the sale, the chief financial officer now directly owns 3,564,235 shares of the company's stock, valued at approximately $38,636,307.40. This trade represents a 1.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,356,523 shares of company stock worth $12,710,077 over the last quarter. Company insiders own 22.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SNAP. Wells Fargo & Company reduced their price target on Snap from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, March 31st. Citigroup reduced their price target on shares of Snap from $13.50 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group reduced their target price on Snap from $13.50 to $9.50 and set a "neutral" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. decreased their price target on Snap from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Stifel Nicolaus dropped their price objective on Snap from $11.00 to $8.00 and set a "hold" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $38.09.

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.