SYM FINANCIAL Corp Has $109,000 Stock Holdings in Snap Inc. $SNAP

SYM FINANCIAL Corp cut its stake in Snap Inc. (NYSE:SNAP) by 21.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,568 shares of the company’s stock after selling 3,495 shares during the quarter. SYM FINANCIAL Corp’s holdings in Snap were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of Snap by 12.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,841 shares of the company’s stock worth $234,000 after acquiring an additional 2,918 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of 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 acquiring an additional 6,921,841 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Snap in the first quarter worth $1,358,000. DAVENPORT & Co LLC increased its stake in shares of Snap by 19.7% in the first quarter. DAVENPORT & Co LLC now owns 30,400 shares of the company’s stock worth $265,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Snap by 11.8% in the first quarter. Cetera Investment Advisers now owns 64,918 shares of the company’s stock worth $565,000 after acquiring an additional 6,833 shares during the last quarter. 47.52% of the stock is owned by institutional investors and hedge funds.

Snap Trading Down 1.9%

Snap stock opened at $7.76 on Wednesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.88 and a quick ratio of 3.88. The company has a market capitalization of $13.11 billion, a price-to-earnings ratio of -24.25 and a beta of 0.71. Snap Inc. has a one year low of $6.90 and a one year high of $13.28. The company’s fifty day moving average price is $7.73 and its two-hundred day moving average price is $8.26.

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

Insiders Place Their Bets

In other news, Director Elizabeth Jenkins sold 7,900 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $7.07, for a total value of $55,853.00. Following the sale, the director directly owned 65,663 shares of the company’s stock, valued at approximately $464,237.41. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Derek Andersen sold 33,871 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were 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 directly owned 3,109,581 shares in the company, valued at approximately $23,508,432.36. This represents a 1.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,510,569 shares of company stock valued at $11,585,883.

Wall Street Analyst Weigh In

Several research firms have commented on SNAP. Citizens Jmp reissued a “market perform” rating on shares of Snap in a research report on Wednesday, August 6th. Cantor Fitzgerald reissued 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 lowered their target price on shares of Snap from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Wells Fargo & Company increased their target price on shares of Snap from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Guggenheim reissued a “neutral” rating and set a $8.00 target price on shares of Snap in a research report on Friday, September 12th. Four investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.