UBS Group Issues Positive Forecast for Snap (NYSE:SNAP) Stock Price

Snap (NYSE:SNAP) had its price objective lifted by UBS Group from $9.00 to $10.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts also recently weighed in on the company. Wells Fargo & Company increased their target price on Snap from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Thursday. Zacks Research lowered shares of Snap from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Snap in a research note on Wednesday, October 8th. Susquehanna restated a “neutral” rating and set a $9.00 target price on shares of Snap in a research report on Thursday. Finally, Stifel Nicolaus cut shares of Snap from a “hold” rating to a “sell” rating and reduced their target price for the company from $8.00 to $6.50 in a report on Friday, October 24th. Four analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $34.94.

Snap Stock Performance

Shares of SNAP stock opened at $8.01 on Thursday. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.73. The company has a 50 day moving average price of $7.82 and a 200-day moving average price of $8.25. Snap has a 52 week low of $6.90 and a 52 week high of $13.28. The firm has a market capitalization of $13.54 billion, a PE ratio of -27.62 and a beta of 0.89.

Snap (NYSE:SNAP) last issued its earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.12). The company 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 21.49% and a negative net margin of 8.60%.The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) EPS. Snap has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Snap will post -0.3 earnings per share for the current year.

Insider Activity

In other news, CFO Derek Andersen sold 33,871 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.56, for a total transaction of $256,064.76. Following the sale, the chief financial officer directly owned 3,109,581 shares in the company, valued at $23,508,432.36. This trade represents a 1.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elizabeth Jenkins sold 7,900 shares of Snap stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $55,853.00. Following the transaction, the director owned 65,663 shares in the company, valued at approximately $464,237.41. This trade represents a 10.74% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 510,569 shares of company stock valued at $3,741,723. 22.68% of the stock is currently owned by company insiders.

Institutional Trading of Snap

Institutional investors have recently made changes to their positions in the business. Signaturefd LLC grew its holdings in Snap by 169.9% during the 2nd quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock valued at $26,000 after buying an additional 1,852 shares in the last quarter. Quarry LP purchased a new position in Snap during the first quarter valued at $34,000. Itau Unibanco Holding S.A. bought a new stake in Snap in the 1st quarter valued at $35,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Snap in the 3rd quarter worth $33,000. Finally, Wealth Preservation Advisors LLC bought a new position in shares of Snap during the 1st quarter valued at about $44,000. Hedge funds and other 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.