Analysts Set Snap Inc. (NYSE:SNAP) Target Price at $34.77

Shares of Snap Inc. (NYSE:SNAP) have earned a consensus rating of “Hold” from the thirty research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, twenty-three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $34.7680.

Several brokerages have recently issued reports on SNAP. UBS Group decreased their target price on Snap from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Cantor Fitzgerald restated a “neutral” rating and set a $7.00 price objective on shares of Snap in a report on Wednesday, August 6th. Zacks Research cut shares of Snap from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Citizens Jmp reissued a “market perform” rating on shares of Snap in a research report on Wednesday, August 6th. Finally, Mizuho started coverage on shares of Snap in a report on Monday, September 29th. They issued a “neutral” rating and a $9.00 price target on the stock.

Insider Transactions at Snap

In other news, insider Ajit Mohan sold 27,595 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.56, for a total transaction of $208,618.20. Following the transaction, the insider owned 5,464,411 shares of the company’s stock, valued at $41,310,947.16. This represents a 0.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Rebecca Morrow sold 10,216 shares of Snap stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $7.17, for a total value of $73,248.72. Following the completion of the sale, the chief accounting officer directly owned 436,087 shares of the company’s stock, valued at approximately $3,126,743.79. This trade represents a 2.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,510,532 shares of company stock valued at $11,629,869.

Institutional Trading of Snap

A number of institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its holdings in Snap by 19.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,115 shares of the company’s stock valued at $184,000 after acquiring an additional 2,792 shares during the period. Rhumbline Advisers grew its position in shares of Snap by 10.2% in the first quarter. Rhumbline Advisers now owns 192,210 shares of the company’s stock valued at $1,674,000 after purchasing an additional 17,868 shares in the last quarter. NBC Securities Inc. grew its position in shares of Snap by 154,650.0% in the first quarter. NBC Securities Inc. now owns 3,095 shares of the company’s stock valued at $26,000 after purchasing an additional 3,093 shares in the last quarter. Intellectus Partners LLC bought a new stake in shares of Snap during the 1st quarter valued at $103,000. Finally, Prospect Financial Services LLC purchased a new stake in Snap during the 1st quarter worth about $100,000. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

Snap Price Performance

Shares of NYSE SNAP opened at $8.52 on Friday. Snap has a twelve month low of $6.90 and a twelve month high of $13.28. The stock’s 50 day moving average price is $7.80 and its 200-day moving average price is $8.34. The company has a market capitalization of $14.40 billion, a PE ratio of -26.63 and a beta of 0.71. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.73.

Snap (NYSE:SNAP) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, meeting analysts’ consensus estimates of ($0.16). Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business posted ($0.15) earnings per share. Snap’s revenue was up 8.7% on a year-over-year basis. Snap has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Snap will post -0.3 EPS for the current year.

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.