Piper Sandler Issues Positive Forecast for Snap (NYSE:SNAP) Stock Price

Snap (NYSE:SNAP) had its price objective hoisted by Piper Sandler from $9.00 to $10.00 in a research report released on Thursday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Evercore ISI increased their price target on shares of Snap from $11.00 to $12.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 6th. Zacks Research lowered Snap from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Morgan Stanley reduced their target price on Snap from $8.50 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, October 20th. Cantor Fitzgerald upped their price target on Snap from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Stifel Nicolaus downgraded Snap from a “hold” rating to a “sell” rating and cut their price objective for the stock from $8.00 to $6.50 in a report on Friday, October 24th. Four investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Snap currently has a consensus rating of “Hold” and an average target price of $34.94.

Snap Stock Performance

Snap stock opened at $8.01 on Thursday. The stock has a fifty day moving average price of $7.82 and a 200 day moving average price of $8.25. Snap has a 52 week low of $6.90 and a 52 week high of $13.28. The firm has a market capitalization of $13.54 billion, a P/E ratio of -27.62 and a beta of 0.89. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.73.

Snap (NYSE:SNAP) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.12). Snap had a negative net margin of 8.60% and a negative return on equity of 21.49%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the firm earned ($0.09) EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Snap has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Snap will post -0.3 earnings per share for the current year.

Insiders Place Their Bets

In related news, General Counsel Michael J. O’sullivan sold 24,000 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $7.73, for a total value of $185,520.00. Following the transaction, the general counsel owned 490,454 shares in the company, valued at approximately $3,791,209.42. The trade was a 4.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ajit Mohan sold 28,238 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $7.83, for a total value of $221,103.54. Following the completion of the transaction, the insider directly owned 5,436,173 shares of the company’s stock, valued at $42,565,234.59. This represents a 0.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 510,569 shares of company stock valued at $3,741,723 in the last three months. 22.68% of the stock is owned by insiders.

Institutional Trading of Snap

A number of hedge funds and other institutional investors have recently made changes to their positions in SNAP. DMC Group LLC raised its holdings in Snap by 7.2% in the first quarter. DMC Group LLC now owns 19,547 shares of the company’s stock valued at $170,000 after acquiring an additional 1,313 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in Snap by 9.2% during the 2nd quarter. Apollon Wealth Management LLC now owns 15,934 shares of the company’s stock worth $138,000 after acquiring an additional 1,340 shares in the last quarter. Zullo Investment Group Inc. increased its position in shares of Snap by 12.8% in the 2nd 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 last quarter. Orion Porfolio Solutions LLC raised its stake in shares of Snap by 8.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 18,913 shares of the company’s stock valued at $164,000 after purchasing an additional 1,451 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Snap by 2.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 70,608 shares of the company’s stock valued at $614,000 after purchasing an additional 1,743 shares in the last quarter. Institutional investors own 47.52% of the company’s stock.

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.