Snap (NYSE:SNAP) CFO Derek Andersen Sells 33,871 Shares

Snap Inc. (NYSE:SNAP) 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 transaction of $256,064.76. Following the completion of the transaction, the chief financial officer owned 3,109,581 shares in the company, valued at approximately $23,508,432.36. This trade represents a 1.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Derek Andersen also recently made the following trade(s):

• On Monday, August 18th, Derek Andersen sold 60,966 shares of Snap stock. The stock was sold at an average price of $7.17, for a total transaction of $437,126.22.

Snap Stock Up 5.9%

Shares of NYSE:SNAP opened at $8.46 on Friday. 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 Inc. has a 52-week low of $6.90 and a 52-week high of $13.28. The company has a 50 day moving average of $8.15 and a two-hundred day moving average of $8.41. The company has a market capitalization of $14.30 billion, a price-to-earnings ratio of -26.44 and a beta of 0.62.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on SNAP shares. Evercore ISI increased their price target on Snap from $11.00 to $12.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 6th. BMO Capital Markets dropped their price target on Snap from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 6th. TD Cowen increased their price target on Snap from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, July 15th. Rosenblatt Securities cut 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, Truist Financial cut their price target on Snap from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $35.84.

Hedge Funds Weigh In On Snap

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNAP. Vanguard Group Inc. grew its holdings in shares of Snap by 6.7% during the first quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company’s stock valued at $953,601,000 after buying an additional 6,921,841 shares in the last quarter. AQR Capital Management LLC raised its position in 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 raised its position in 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Snap by 13.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,075,318 shares of the company’s stock worth $76,201,000 after purchasing an additional 828,285 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings 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 worth $60,325,000 after purchasing an additional 324,784 shares during the period. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

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.