144,524 Shares in Snap Inc. $SNAP Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors acquired a new stake in Snap Inc. (NYSE:SNAP) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 144,524 shares of the company’s stock, valued at approximately $1,256,000.

A number of other institutional investors have also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Snap by 12.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,841 shares of the company’s stock valued at $234,000 after purchasing an additional 2,918 shares during the period. DAVENPORT & Co LLC lifted its stake in Snap by 19.7% in the first quarter. DAVENPORT & Co LLC now owns 30,400 shares of the company’s stock valued at $265,000 after buying an additional 5,000 shares during the period. Teacher Retirement System of Texas bought a new position in Snap during the first quarter worth about $1,358,000. IFM Investors Pty Ltd boosted its holdings in Snap by 6.6% during the first quarter. IFM Investors Pty Ltd now owns 201,960 shares of the company’s stock worth $1,759,000 after buying an additional 12,561 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new position in shares of Snap during the 1st quarter worth about $52,000. Institutional investors and hedge funds own 47.52% of the company’s stock.

Wall Street Analysts Forecast Growth

SNAP has been the topic of several recent analyst reports. Zacks Research lowered shares of Snap from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Wells Fargo & Company lifted their price target on shares of Snap from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Piper Sandler decreased their price target 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. Truist Financial lowered their price objective on shares of Snap from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, August 6th. Finally, Bank of America reduced their target price on Snap from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Four research 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 company. Based on data from MarketBeat.com, Snap currently has an average rating of “Hold” and a consensus price target of $34.57.

Insider Transactions at Snap

In other Snap news, CTO Robert C. Murphy sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $7.80, for a total transaction of $7,800,000.00. Following the completion of the transaction, the chief technology officer owned 53,215,224 shares of the company’s stock, valued at $415,078,747.20. This represents a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ajit Mohan sold 184,287 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 $1,323,180.66. Following the completion of the sale, the insider owned 5,492,006 shares in the company, valued at $39,432,603.08. This trade represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,486,569 shares of company stock valued at $11,356,203 in the last ninety days. Corporate insiders own 22.68% of the company’s stock.

Snap Trading Up 2.3%

Shares of NYSE:SNAP opened at $7.78 on Friday. The firm has a market cap of $13.14 billion, a price-to-earnings ratio of -24.30 and a beta of 0.71. Snap Inc. has a 12 month low of $6.90 and a 12 month high of $13.28. The company’s fifty day simple moving average is $7.77 and its 200 day simple moving average is $8.26. 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 released its earnings results on Tuesday, August 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company earned ($0.15) EPS. The company’s revenue was up 8.7% on a year-over-year basis. Snap has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Snap Inc. will post -0.3 EPS for the current fiscal year.

Snap 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.