Elizabeth Jenkins Sells 7,900 Shares of Snap (NYSE:SNAP) Stock

Snap Inc. (NYSE:SNAP) Director Elizabeth Jenkins sold 7,900 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $55,853.00. Following the completion of the transaction, the director owned 65,663 shares of the company’s stock, valued at approximately $464,237.41. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Snap Trading Up 0.6%

SNAP stock opened at $7.14 on Friday. Snap Inc. has a 52-week low of $6.98 and a 52-week high of $13.28. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.73. The firm has a market cap of $12.07 billion, a P/E ratio of -22.33 and a beta of 0.62. The company’s 50-day simple moving average is $8.55 and its 200-day simple moving average is $8.70.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SNAP. Cantor Fitzgerald reiterated a “neutral” rating and set a $7.00 target price on shares of Snap in a research report on Wednesday, August 6th. Bank of America decreased their price objective on shares of Snap from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Citigroup lowered shares of Snap from an “outperform” rating to a “negative” rating in a research report on Tuesday, July 15th. UBS Group 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. Finally, Rosenblatt Securities decreased their price target on shares of Snap from $9.00 to $8.70 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.16.

Hedge Funds Weigh In On Snap

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC purchased a new position in Snap in the 4th quarter worth approximately $979,000. The Manufacturers Life Insurance Company increased its holdings in shares of Snap by 1.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 61,365 shares of the company’s stock valued at $661,000 after purchasing an additional 1,033 shares during the last quarter. Northern Trust Corp lifted its position in Snap by 11.7% during the fourth quarter. Northern Trust Corp now owns 4,245,811 shares of the company’s stock worth $45,727,000 after buying an additional 445,952 shares in the last quarter. Lido Advisors LLC acquired a new position in Snap during the fourth quarter worth $434,000. Finally, AQR Capital Management LLC boosted its stake in Snap by 8.4% during the fourth quarter. AQR Capital Management LLC now owns 5,370,108 shares of the company’s stock worth $57,836,000 after buying an additional 414,224 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors and hedge funds.

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.