Snap (SNAP) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Snap (NYSE: SNAP):

• 2/11/2025 – Snap was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating.
• 2/5/2025 – Snap had its price target lowered by analysts at JPMorgan Chase & Co. from $11.00 to $10.00. They now have an “underweight” rating on the stock.
• 2/5/2025 – Snap had its “overweight” rating reaffirmed by analysts at Barclays PLC.
• 2/5/2025 – Snap had its price target raised by analysts at Susquehanna from $12.00 to $13.00. They now have a “neutral” rating on the stock.
• 2/5/2025 – Snap had its price target raised by analysts at Citigroup Inc. from $13.00 to $13.50. They now have a “neutral” rating on the stock.
• 2/5/2025 – Snap had its price target raised by analysts at Bank of America Co. from $14.00 to $14.50. They now have a “neutral” rating on the stock.
• 2/5/2025 – Snap was downgraded by analysts at Citizens Jmp from a “strong-buy” rating to a “hold” rating.
• 2/5/2025 – Snap was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $11.00 price target on the stock, down previously from $15.00.
• 1/27/2025 – Snap had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $16.00 price target on the stock.
• 1/15/2025 – Snap had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $16.00 price target on the stock, down previously from $18.00.
• 1/13/2025 – Snap had its price target raised by analysts at Wells Fargo & Company from $14.00 to $15.00. They now have an “overweight” rating on the stock.
• 1/3/2025 – Snap had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $16.00 price target on the stock.

Snap Stock Performance

NYSE:SNAP opened at $10.35 on Monday. Snap Inc. has a 1 year low of $8.29 and a 1 year high of $17.33. The firm’s fifty day simple moving average is $11.19 and its 200 day simple moving average is $10.77. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $17.55 billion, a PE ratio of -24.63 and a beta of 0.99.

Snap (NYSE:SNAP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. On average, sell-side analysts anticipate that Snap Inc. will post -0.3 EPS for the current year.

Insider Transactions at Snap

In related news, SVP Eric Young sold 102,152 shares of Snap stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total transaction of $1,107,327.68. Following the completion of the transaction, the senior vice president now directly owns 3,443,419 shares of the company’s stock, valued at $37,326,661.96. This trade represents a 2.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Michael J. O’sullivan sold 69,119 shares of Snap stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total transaction of $749,249.96. Following the transaction, the general counsel now directly owns 2,332,140 shares of the company’s stock, valued at $25,280,397.60. This represents a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 499,471 shares of company stock valued at $5,608,926. Company insiders own 22.68% of the company’s stock.

Hedge Funds Weigh In On Snap

A number of institutional investors have recently modified their holdings of SNAP. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Snap during the 4th quarter worth approximately $27,000. Advisors Asset Management Inc. grew its position in shares of Snap by 141.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock worth $30,000 after buying an additional 1,632 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of Snap during the 4th quarter worth approximately $30,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Snap during the 4th quarter worth approximately $32,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Snap during the 3rd quarter worth approximately $41,000. 47.52% of the stock is owned by institutional investors.

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.