Snap (NYSE:SNAP) Announces Earnings Results

Snap (NYSE:SNAP) released its quarterly earnings data on Tuesday. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13), Zacks reports. Snap had a negative net margin of 18.49% and a negative return on equity of 35.60%. Snap updated its Q1 2025 guidance to EPS.

Snap Price Performance

NYSE SNAP opened at $10.67 on Thursday. The business’s fifty day moving average is $11.51 and its 200 day moving average is $10.89. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 1.63. Snap has a fifty-two week low of $8.29 and a fifty-two week high of $17.50.

Insider Buying and Selling

In other Snap news, General Counsel Michael J. O’sullivan sold 18,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $11.49, for a total transaction of $206,820.00. Following the sale, the general counsel now directly owns 480,498 shares of the company’s stock, valued at $5,520,922.02. This trade represents a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Rebecca Morrow sold 11,154 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.55, for a total value of $117,674.70. Following the sale, the chief accounting officer now owns 465,064 shares of the company’s stock, valued at $4,906,425.20. This represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 445,184 shares of company stock valued at $4,968,189.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SNAP shares. Barclays reissued an “overweight” rating on shares of Snap in a research note on Wednesday. Cantor Fitzgerald lifted their price target on Snap from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Piper Sandler reaffirmed a “neutral” rating and issued a $13.00 price target (up from $12.00) on shares of Snap in a research note on Wednesday, October 30th. JPMorgan Chase & Co. dropped their target price on shares of Snap from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Wednesday. Finally, B. Riley boosted their price objective on shares of Snap from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.87.

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.