Piper Sandler Issues Positive Forecast for Snap (NYSE:SNAP) Stock Price

Snap (NYSE:SNAP) had its price objective raised by Piper Sandler from $9.00 to $10.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price target suggests a potential upside of 21.39% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Morgan Stanley reduced their price objective on shares of Snap from $8.50 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, October 20th. Sanford C. Bernstein boosted their price objective on shares of Snap from $9.00 to $10.00 and gave the stock a “market perform” rating in a report on Tuesday, July 22nd. TD Cowen upped 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. Guggenheim restated a “neutral” rating and issued a $8.00 price objective on shares of Snap in a report on Friday, September 12th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Snap in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.76.

Snap Stock Performance

Shares of SNAP traded up $0.94 during trading hours on Thursday, hitting $8.24. The company’s stock had a trading volume of 63,850,378 shares, compared to its average volume of 52,457,875. The company has a market cap of $13.92 billion, a price-to-earnings ratio of -25.77 and a beta of 0.89. 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 business has a 50 day simple moving average of $7.80 and a two-hundred day simple moving average of $8.25. Snap has a 52-week low of $6.90 and a 52-week high of $13.28.

Snap (NYSE:SNAP) last posted its earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.12). The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.Snap’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) EPS. Snap has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Snap will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Snap news, General Counsel Michael J. O’sullivan sold 68,705 shares of Snap stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $7.18, for a total transaction of $493,301.90. Following the transaction, the general counsel owned 2,015,624 shares of the company’s stock, valued at $14,472,180.32. The trade was a 3.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $437,126.22. Following the completion of the transaction, the chief financial officer owned 3,143,452 shares of the company’s stock, valued at approximately $22,538,550.84. The trade was a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 510,569 shares of company stock valued at $3,741,723. 22.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Snap

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings 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 grew its holdings 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. SG Americas Securities LLC grew its holdings 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. Jacobs Levy Equity Management Inc. grew its holdings in shares of Snap by 38.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,777,523 shares of the company’s stock worth $41,612,000 after purchasing an additional 1,336,264 shares during the period. Finally, Invenomic Capital Management LP grew its holdings in shares of Snap by 180.2% during the 1st quarter. Invenomic Capital Management LP now owns 1,983,447 shares of the company’s stock worth $17,276,000 after purchasing an additional 1,275,630 shares during the period. 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.