Snap (NYSE:SNAP) General Counsel Sells $188,640.00 in Stock

Snap Inc. (NYSE:SNAP) General Counsel Michael O’sullivan sold 24,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $7.86, for a total transaction of $188,640.00. Following the sale, the general counsel owned 514,454 shares of the company’s stock, valued at approximately $4,043,608.44. This represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Snap Stock Up 3.6%

NYSE:SNAP opened at $8.52 on Friday. The firm has a market cap of $14.40 billion, a P/E ratio of -26.63 and a beta of 0.71. 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 Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $13.28. The firm has a 50-day simple moving average of $7.80 and a two-hundred day simple moving average of $8.34.

Snap (NYSE:SNAP) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.16). The business had revenue of $1.34 billion during 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 revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business earned ($0.15) EPS. Snap has set its Q3 2025 guidance at EPS. Analysts predict that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Snap

Several institutional investors have recently made changes to their positions in SNAP. Vanguard Group Inc. lifted its stake in shares of Snap by 6.7% in 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 holdings in Snap by 110.4% during the first quarter. AQR Capital Management LLC now owns 11,300,874 shares of the company’s stock valued at $95,549,000 after purchasing an additional 5,930,766 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Snap by 121.9% during the first quarter. Assenagon Asset Management S.A. now owns 6,848,370 shares of the company’s stock valued at $59,649,000 after purchasing an additional 3,761,629 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Snap by 4,603.7% during the second quarter. SG Americas Securities LLC now owns 3,006,711 shares of the company’s stock valued at $26,128,000 after purchasing an additional 2,942,789 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Snap by 38.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 4,777,523 shares of the company’s stock valued at $41,612,000 after purchasing an additional 1,336,264 shares in the last quarter. Institutional investors own 47.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. TD Cowen raised their price target on shares of Snap from $9.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, July 15th. Citigroup downgraded shares of Snap from an “outperform” rating to a “negative” rating in a report on Tuesday, July 15th. Wells Fargo & Company raised their price target on shares of Snap from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, July 1st. Mizuho assumed coverage on shares of Snap in a report on Monday, September 29th. They set a “neutral” rating and a $9.00 price target on the stock. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Snap in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Snap has a consensus rating of “Hold” and a consensus price target of $34.77.

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.