Tobam Trims Stock Position in Snap Inc. $SNAP

Tobam decreased its holdings in shares of Snap Inc. (NYSE:SNAP) by 42.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 116,036 shares of the company’s stock after selling 85,693 shares during the period. Tobam’s holdings in Snap were worth $1,008,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNAP. Apollon Wealth Management LLC increased its holdings in shares of Snap by 9.2% in the 2nd quarter. Apollon Wealth Management LLC now owns 15,934 shares of the company’s stock valued at $138,000 after acquiring an additional 1,340 shares during the period. Zullo Investment Group Inc. lifted its stake in shares of Snap by 12.8% during the second quarter. Zullo Investment Group Inc. now owns 12,040 shares of the company’s stock worth $105,000 after buying an additional 1,365 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Snap by 2.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 70,608 shares of the company’s stock valued at $614,000 after buying an additional 1,743 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Snap by 5.7% in the first quarter. SBI Securities Co. Ltd. now owns 32,439 shares of the company’s stock valued at $283,000 after purchasing an additional 1,755 shares during the period. Finally, Signaturefd LLC increased its holdings in Snap by 169.9% in the 2nd quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock worth $26,000 after buying an additional 1,852 shares during the period. 47.52% of the stock is currently owned by institutional investors.

Snap Stock Up 0.7%

SNAP stock opened at $8.75 on Wednesday. The firm’s 50-day moving average is $7.90 and its two-hundred day moving average is $8.26. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of -30.17 and a beta of 0.89. Snap Inc. has a 52 week low of $6.90 and a 52 week high of $13.28.

Snap (NYSE:SNAP) last announced its 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). The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. Snap had a negative return on equity of 21.61% and a negative net margin of 8.60%.The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.09) earnings per share. Snap has set its Q4 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, insider Ajit Mohan sold 184,287 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $7.18, for a total value of $1,323,180.66. Following the completion of the sale, the insider owned 5,492,006 shares in the company, valued at $39,432,603.08. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Michael J. O’sullivan sold 68,705 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $7.18, for a total value of $493,301.90. Following the completion of the sale, the general counsel directly owned 2,015,624 shares of the company’s stock, valued at approximately $14,472,180.32. This trade represents a 3.30% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 510,569 shares of company stock worth $3,741,723.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SNAP. Guggenheim reaffirmed a “neutral” rating and set a $8.00 price objective on shares of Snap in a research note on Friday, September 12th. Wells Fargo & Company boosted their price target on shares of Snap from $8.00 to $10.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Stifel Nicolaus set a $7.00 price target on Snap in a research report on Thursday, November 6th. JMP Securities reiterated a “market perform” rating on shares of Snap in a research note on Wednesday, August 6th. Finally, Mizuho started coverage on shares of Snap in a research report on Monday, September 29th. They set a “neutral” rating and a $9.00 price target for the company. Four 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. According to data from MarketBeat, Snap has a consensus rating of “Hold” and a consensus price target of $34.98.

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.