Snap Inc. (NYSE:SNAP) Given Average Rating of “Hold” by Analysts

Shares of Snap Inc. (NYSE:SNAP) have been given a consensus recommendation of “Hold” by the twenty-nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, twenty-three have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $34.7680.

Several research firms recently weighed in on SNAP. Wells Fargo & Company increased their price target on Snap from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, July 1st. Zacks Research lowered Snap from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Morgan Stanley increased their price target on Snap from $6.50 to $8.50 and gave the company an “equal weight” rating in a report on Monday, July 21st. Rosenblatt Securities decreased their price target on Snap from $9.00 to $8.70 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Finally, Citigroup lowered Snap from an “outperform” rating to a “negative” rating in a report on Tuesday, July 15th.

Snap Stock Up 6.4%

NYSE SNAP opened at $8.21 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.88 and a current ratio of 3.88. The company has a market capitalization of $13.87 billion, a P/E ratio of -25.64 and a beta of 0.71. Snap has a one year low of $6.90 and a one year high of $13.28. The stock has a 50 day moving average price of $7.83 and a 200-day moving average price of $8.35.

Snap (NYSE:SNAP) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.16) earnings per share for the quarter, meeting the consensus estimate of ($0.16). Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm posted ($0.15) EPS. Snap’s quarterly revenue was up 8.7% compared to the same quarter last year. Snap has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Snap will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Snap news, CAO Rebecca Morrow sold 10,216 shares of the stock in a transaction 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 sale, the chief accounting officer owned 436,087 shares in the company, valued at $3,126,743.79. This trade represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Derek Andersen sold 33,871 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.56, for a total value of $256,064.76. Following the completion of the sale, the chief financial officer owned 3,109,581 shares in the company, 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. Over the last 90 days, insiders have sold 1,510,532 shares of company stock valued at $11,629,869. Insiders own 22.68% of the company’s stock.

Institutional Trading of Snap

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Snap by 6.7% in the first 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 during the period. AQR Capital Management LLC increased its stake in shares of Snap by 110.4% during the first quarter. AQR Capital Management LLC now owns 11,300,874 shares of the company’s stock valued at $95,549,000 after buying an additional 5,930,766 shares during the period. Deutsche Bank AG increased its stake in shares of Snap by 5.5% during the first quarter. Deutsche Bank AG now owns 9,526,590 shares of the company’s stock valued at $82,977,000 after buying an additional 499,395 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Snap by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,925,956 shares of the company’s stock valued at $60,325,000 after buying an additional 324,784 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Snap by 121.9% during the first quarter. Assenagon Asset Management S.A. now owns 6,848,370 shares of the company’s stock valued at $59,649,000 after buying an additional 3,761,629 shares during the period. Hedge funds and other 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.