Snap (NYSE:SNAP) Upgraded to “Neutral” at Arete

Snap (NYSE:SNAP) was upgraded by stock analysts at Arete from a “sell” rating to a “neutral” rating in a research note issued on Tuesday.

SNAP has been the subject of a number of other research reports. Truist Financial upped their target price on Snap from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Sanford C. Bernstein increased their price target on Snap from $9.00 to $10.00 and gave the stock a “market perform” rating in a report on Tuesday, July 22nd. BMO Capital Markets boosted their target price on Snap from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Susquehanna reaffirmed a “neutral” rating and issued a $9.00 price objective on shares of Snap in a research note on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Snap in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.06.

Snap Stock Down 0.8%

Shares of NYSE:SNAP traded down $0.06 during trading on Tuesday, hitting $8.12. 9,027,804 shares of the company were exchanged, compared to its average volume of 53,000,352. The firm has a fifty day moving average price of $8.01 and a two-hundred day moving average price of $8.27. Snap has a fifty-two week low of $6.90 and a fifty-two week high of $13.28. The stock has a market cap of $13.95 billion, a price-to-earnings ratio of -28.22 and a beta of 0.89. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 1.57.

Snap (NYSE:SNAP) last announced its quarterly earnings results 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 net margin of 8.60% and a negative return on equity of 21.61%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company posted ($0.09) EPS. The firm’s quarterly revenue 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 will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 transaction, the director owned 65,663 shares of the company’s stock, valued at $464,237.41. This represents a 10.74% decrease in their ownership of the stock. 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, August 29th. The shares were sold at an average price of $7.16, for a total value of $171,840.00. Following the transaction, the general counsel owned 525,254 shares in the company, valued at $3,760,818.64. This trade represents a 4.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,186,395 shares of company stock valued at $9,414,865 in the last three months.

Institutional Trading of Snap

Several hedge funds and other institutional investors have recently bought and sold shares of SNAP. Signaturefd LLC boosted its holdings in shares of Snap by 169.9% during the second quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock worth $26,000 after purchasing an additional 1,852 shares during the period. Quarry LP purchased a new position in Snap during the 1st quarter valued at about $34,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Snap in the 1st quarter worth approximately $35,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Snap in the 3rd quarter worth about $33,000. Finally, Wealth Preservation Advisors LLC bought a new position in shares of Snap in the first quarter worth approximately $44,000. 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.