Snap (NYSE:SNAP) Cut to “Sell” at Stifel Nicolaus

Stifel Nicolaus lowered shares of Snap (NYSE:SNAP) from a hold rating to a sell rating in a research report released on Friday morning, Marketbeat.com reports. They currently have $6.50 target price on the stock, down from their previous target price of $8.00.

Other analysts have also issued research reports about the company. Rosenblatt Securities lowered their target price on Snap from $9.00 to $8.70 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. BMO Capital Markets decreased their price target on Snap from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 6th. Piper Sandler reduced their price target on shares of Snap from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Sanford C. Bernstein boosted their price objective on Snap from $9.00 to $10.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Snap in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.57.

Snap Stock Up 0.8%

Shares of SNAP opened at $7.94 on Friday. The stock has a market capitalization of $13.41 billion, a PE ratio of -24.80 and a beta of 0.71. Snap has a 1 year low of $6.90 and a 1 year high of $13.28. The company’s 50-day simple moving average is $7.71 and its 200-day simple moving average is $8.27. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.88 and a current ratio of 3.88.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, meeting analysts’ consensus estimates of ($0.16). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Snap had a negative net margin of 9.69% and a negative return on equity of 23.32%. Snap’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.15) earnings per share. Snap has set its Q3 2025 guidance at EPS. Analysts forecast that Snap 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 stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $7.07, for a total value of $55,853.00. Following the completion of the sale, the director owned 65,663 shares in the company, valued at $464,237.41. This represents a 10.74% 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, CFO Derek Andersen sold 33,871 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $7.56, for a total transaction of $256,064.76. Following the completion of the sale, the chief financial officer directly owned 3,109,581 shares of the company’s stock, valued at $23,508,432.36. This trade represents a 1.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,510,569 shares of company stock worth $11,585,883 over the last three months.

Hedge Funds Weigh In On Snap

A number of institutional investors have recently modified their holdings of SNAP. DMC Group LLC increased its position in shares of Snap by 7.2% during the first quarter. DMC Group LLC now owns 19,547 shares of the company’s stock valued at $170,000 after purchasing an additional 1,313 shares during the period. Apollon Wealth Management LLC increased its position in 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 in the last quarter. Zullo Investment Group Inc. increased its holdings in shares of Snap by 12.8% in the second quarter. Zullo Investment Group Inc. now owns 12,040 shares of the company’s stock valued at $105,000 after purchasing an additional 1,365 shares in the last quarter. Orion Porfolio Solutions LLC increased 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 buying an additional 1,451 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Snap by 2.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 70,608 shares of the company’s stock worth $614,000 after acquiring an additional 1,743 shares during the period. Institutional investors own 47.52% of the company’s stock.

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.