Snap (NYSE:SNAP) CFO Derek Andersen Sells 60,966 Shares

Snap Inc. (NYSE:SNAP) CFO Derek Andersen sold 60,966 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.17, for a total value of $437,126.22. Following the completion of the sale, the chief financial officer owned 3,143,452 shares in the company, valued at approximately $22,538,550.84. This represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Derek Andersen also recently made the following trade(s):

• On Monday, June 16th, Derek Andersen sold 33,886 shares of Snap stock. The stock was sold at an average price of $8.04, for a total value of $272,443.44.

Snap Stock Performance

SNAP opened at $7.1850 on Friday. The stock has a market cap of $12.14 billion, a P/E ratio of -22.45 and a beta of 0.62. 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 stock’s 50 day simple moving average is $8.66 and its 200 day simple moving average is $8.84. Snap Inc. has a 1-year low of $6.99 and a 1-year high of $13.28.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SNAP. Vanguard Group Inc. lifted its stake in shares of Snap by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company’s stock worth $953,601,000 after purchasing an additional 6,921,841 shares during the period. AQR Capital Management LLC lifted its stake in shares of Snap by 110.4% during the 1st quarter. AQR Capital Management LLC now owns 11,300,874 shares of the company’s stock worth $95,549,000 after purchasing an additional 5,930,766 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Snap by 121.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 6,848,370 shares of the company’s stock worth $59,649,000 after purchasing an additional 3,761,629 shares during the period. SG Americas Securities LLC lifted its stake in shares of Snap by 4,603.7% during the 2nd quarter. SG Americas Securities LLC now owns 3,006,711 shares of the company’s stock worth $26,128,000 after purchasing an additional 2,942,789 shares during the period. Finally, Freestone Grove Partners LP purchased a new position in shares of Snap during the 4th quarter worth $20,729,000. Hedge funds and other institutional investors own 47.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Morgan Stanley upped their price target on Snap from $6.50 to $8.50 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Loop Capital reduced their target price on Snap from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, May 16th. Guggenheim reduced their target price on Snap from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $7.00 target price on shares of Snap in a research note on Wednesday, August 6th. Finally, UBS Group reduced their target price on Snap from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.16.

About Snap

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.