Snap (NYSE:SNAP) Upgraded to Hold at Mizuho

Mizuho upgraded shares of Snap (NYSE:SNAP) to a hold rating in a research note published on Monday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. UBS Group decreased their price objective on shares of Snap from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $7.00 price objective on shares of Snap in a report on Wednesday, August 6th. Sanford C. Bernstein increased their price target on Snap from $9.00 to $10.00 and gave the company a “market perform” rating in a research note on Tuesday, July 22nd. Citizens Jmp reaffirmed a “market perform” rating on shares of Snap in a research note on Wednesday, August 6th. Finally, Evercore ISI increased their price target on Snap from $11.00 to $12.00 and gave the company an “in-line” rating in a research note on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.77.

Snap Trading Down 8.1%

NYSE:SNAP opened at $7.72 on Monday. Snap has a 1 year low of $6.90 and a 1 year high of $13.28. The stock has a market cap of $13.05 billion, a price-to-earnings ratio of -24.13 and a beta of 0.62. The business has a fifty day moving average of $7.91 and a 200-day moving average of $8.36. 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 (NYSE:SNAP) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.16). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.15) earnings per share. Snap has set its Q3 2025 guidance at EPS. Equities analysts predict that Snap will post -0.3 earnings per share for the current year.

Insider Activity

In related news, General Counsel Michael J. O’sullivan sold 68,705 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $7.18, for a total value of $493,301.90. Following the completion of the transaction, the general counsel owned 2,015,624 shares of the company’s stock, valued at approximately $14,472,180.32. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Derek Andersen sold 60,966 shares of the firm’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 directly owned 3,143,452 shares of the company’s stock, valued at $22,538,550.84. This represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,486,532 shares of company stock worth $11,441,229.

Institutional Investors Weigh In On Snap

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in 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 acquiring an additional 6,921,841 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Snap by 110.4% during the first 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. Deutsche Bank AG boosted its holdings in shares of Snap by 5.5% during the first quarter. Deutsche Bank AG now owns 9,526,590 shares of the company’s stock worth $82,977,000 after purchasing an additional 499,395 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Snap by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,925,956 shares of the company’s stock worth $60,325,000 after purchasing an additional 324,784 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Snap by 121.9% during the first quarter. Assenagon Asset Management S.A. now owns 6,848,370 shares of the company’s stock worth $59,649,000 after purchasing an additional 3,761,629 shares during the period. 47.52% of the stock is currently owned by institutional investors and hedge funds.

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.