Quinn Opportunity Partners LLC Acquires 395,000 Shares of Snap Inc. $SNAP

Quinn Opportunity Partners LLC raised its holdings in Snap Inc. (NYSE:SNAP) by 71.2% during the second quarter, HoldingsChannel.com reports. The fund owned 949,560 shares of the company’s stock after purchasing an additional 395,000 shares during the period. Quinn Opportunity Partners LLC’s holdings in Snap were worth $8,252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SNAP. Signaturefd LLC grew its holdings in shares of Snap by 169.9% during the 2nd quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock valued at $26,000 after purchasing an additional 1,852 shares during the last quarter. Quarry LP bought a new stake in shares of Snap during the first quarter worth $34,000. Itau Unibanco Holding S.A. acquired a new position in shares of Snap during the first quarter worth $35,000. Wealth Preservation Advisors LLC bought a new position in shares of Snap in the 1st quarter valued at $44,000. Finally, S Bank Fund Management Ltd bought a new position in shares of Snap during the first quarter valued at $53,000. Institutional investors own 47.52% of the company’s stock.

Snap Price Performance

Shares of NYSE SNAP opened at $8.75 on Wednesday. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of -30.17 and a beta of 0.89. The company has a debt-to-equity ratio of 1.57, a quick ratio of 3.67 and a current ratio of 3.67. Snap Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $13.28. The firm’s 50-day simple moving average is $7.90 and its 200 day simple moving average is $8.26.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). Snap had a negative return on equity of 21.61% and a negative net margin of 8.60%.The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the firm posted ($0.09) earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Snap has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SNAP. Piper Sandler increased their price objective on Snap from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. BMO Capital Markets lifted their price objective on Snap from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Cantor Fitzgerald lifted their price target on shares of Snap from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Rosenblatt Securities increased their price objective on shares of Snap from $8.70 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Snap in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Snap currently has an average rating of “Hold” and an average price target of $34.98.

Insider Buying and Selling

In other Snap news, 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 transaction, the chief financial officer directly owned 3,109,581 shares of the company’s stock, valued at $23,508,432.36. The trade was a 1.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Michael J. O’sullivan sold 24,000 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $7.73, for a total transaction of $185,520.00. Following the completion of the sale, the general counsel owned 490,454 shares of the company’s stock, valued at approximately $3,791,209.42. This represents a 4.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 510,569 shares of company stock valued at $3,741,723.

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.