Snap's (SNAP) "Sell (E+)" Rating Reiterated at Weiss Ratings

Key Points

• Snap's stock has received a "sell (e+)" rating from Weiss Ratings, indicating a continued bearish outlook from analysts.
• Recent reports show varying price targets for Snap, with updates from multiple analysts; for example, Rosenblatt Securities and Piper Sandler both reduced their price targets to $8.70 and $9.00, respectively.
• Insiders have sold a significant number of shares recently, with the General Counsel selling 24,000 shares for nearly $188,640, reflecting a decrease in their ownership position.

Snap (NYSE:SNAP - Get Free Report)'s stock had its "sell (e+)" rating restated by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

SNAP has been the subject of a number of other reports. Rosenblatt Securities cut their price objective on shares of Snap from $9.00 to $8.70 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. 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 increased their price objective on shares of Snap from $11.00 to $12.00 and gave the company an "in-line" rating in a report on Wednesday, August 6th. Guggenheim reiterated a "neutral" rating and set a $8.00 price target on shares of Snap in a report on Friday, September 12th. Finally, Mizuho assumed coverage on Snap in a research note on Monday, September 29th. They issued a "neutral" rating and a $9.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $34.65.

Snap Stock Performance

Shares of SNAP traded up $0.30 during trading hours on Wednesday, hitting $8.43. The company had a trading volume of 134,539,982 shares, compared to its average volume of 161,118,432. Snap has a 12 month low of $6.90 and a 12 month high of $13.28. The firm has a market cap of $14.25 billion, a price-to-earnings ratio of -26.34 and a beta of 0.71. The business has a fifty day moving average of $7.74 and a 200-day moving average of $8.33. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.73.

Snap (NYSE:SNAP - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, meeting 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 firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm earned ($0.15) EPS. The business's quarterly revenue was up 8.7% compared to the same quarter last year. Snap has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Snap will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel Michael J. O'sullivan sold 24,000 shares of Snap stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $7.86, for a total value of $188,640.00. Following the transaction, the general counsel directly owned 514,454 shares in the company, valued at $4,043,608.44. The trade was a 4.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Derek Andersen sold 33,871 shares of Snap stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.56, for a total value of $256,064.76. Following the sale, the chief financial officer directly owned 3,109,581 shares of the company's stock, valued at approximately $23,508,432.36. The trade was a 1.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,510,532 shares of company stock valued at $11,629,869. Company insiders own 22.68% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC bought a new position in Snap during the 1st quarter worth about $122,000. NBC Securities Inc. raised its position in Snap by 154,650.0% during 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 in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings 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 buying an additional 2,918 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Snap by 19.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,115 shares of the company's stock worth $184,000 after purchasing an additional 2,792 shares during the last quarter. Finally, 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 worth $953,601,000 after purchasing an additional 6,921,841 shares in the last quarter. Institutional investors and hedge funds 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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