15,115 Shares in Snap Inc. $SNAP Purchased by MQS Management LLC

MQS Management LLC purchased a new position in Snap Inc. (NYSE:SNAP) in the second quarter, HoldingsChannel reports. The fund purchased 15,115 shares of the company’s stock, valued at approximately $131,000.

A number of other institutional investors also recently bought and sold shares of the stock. DMC Group LLC raised its stake in Snap by 7.2% in the first quarter. DMC Group LLC now owns 19,547 shares of the company’s stock worth $170,000 after buying an additional 1,313 shares in the last quarter. Apollon Wealth Management LLC raised its stake in Snap by 9.2% in the second quarter. Apollon Wealth Management LLC now owns 15,934 shares of the company’s stock worth $138,000 after buying an additional 1,340 shares in the last quarter. Zullo Investment Group Inc. grew its holdings in Snap by 12.8% in the second quarter. Zullo Investment Group Inc. now owns 12,040 shares of the company’s stock worth $105,000 after purchasing an additional 1,365 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Snap by 2.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 70,608 shares of the company’s stock worth $614,000 after purchasing an additional 1,743 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in Snap by 5.7% in the first quarter. SBI Securities Co. Ltd. now owns 32,439 shares of the company’s stock worth $283,000 after purchasing an additional 1,755 shares during the period. 47.52% of the stock is owned by institutional investors.

Insider Activity at Snap

In related news, insider Ajit Mohan sold 28,238 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $7.83, for a total value of $221,103.54. Following the sale, the insider owned 5,436,173 shares in the company, valued at approximately $42,565,234.59. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Michael J. O’sullivan sold 24,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $7.86, for a total transaction of $188,640.00. Following the completion of the sale, the general counsel owned 514,454 shares in the company, valued at $4,043,608.44. This represents a 4.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,510,569 shares of company stock worth $11,585,883.

Snap Trading Down 1.9%

NYSE:SNAP opened at $7.76 on Wednesday. The company’s 50 day moving average price is $7.73 and its 200-day moving average price is $8.26. Snap Inc. has a 52 week low of $6.90 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 stock has a market cap of $13.11 billion, a price-to-earnings ratio of -24.25 and a beta of 0.71.

Snap (NYSE:SNAP) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Snap has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SNAP shares. Weiss Ratings restated a “sell (e+)” rating on shares of Snap in a report on Wednesday, October 8th. Mizuho started coverage on shares of Snap in a report on Monday, September 29th. They issued a “neutral” rating and a $9.00 price objective on the stock. Zacks Research cut shares of Snap from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. TD Cowen upped their price objective on shares of Snap from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 15th. Finally, New Street Research cut shares of Snap from a “buy” rating to a “neutral” rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Snap currently has an average rating of “Hold” and an average target price of $34.57.

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.