Snap (NYSE:SNAP – Get Free Report) had its price target lowered by equities researchers at Rosenblatt Securities from $6.40 to $6.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Rosenblatt Securities’ price target indicates a potential upside of 18.81% from the stock’s current price.
Several other research firms have also issued reports on SNAP. TD Cowen began coverage on Snap in a research report on Monday, April 27th. They set a “buy” rating for the company. Barclays reiterated an “overweight” rating and issued a $16.00 price target (up from $15.00) on shares of Snap in a research report on Tuesday. Benchmark reissued a “hold” rating on shares of Snap in a research note on Wednesday, June 17th. Citigroup restated a “market perform” rating on shares of Snap in a report on Wednesday, June 17th. Finally, KeyCorp raised shares of Snap from a “sector weight” rating to an “overweight” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twenty-five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.54.
View Our Latest Stock Report on Snap
Snap Stock Performance
Snap (NYSE:SNAP – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Snap had a negative return on equity of 18.92% and a negative net margin of 6.72%.The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.16) earnings per share. As a group, equities research analysts predict that Snap will post -0.07 EPS for the current year.
Insider Transactions at Snap
In other Snap news, General Counsel Zachary M. Briers sold 129,493 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $5.60, for a total value of $725,160.80. Following the sale, the general counsel owned 2,644,538 shares in the company, valued at approximately $14,809,412.80. The trade was a 4.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Rebecca Morrow sold 16,729 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.60, for a total transaction of $93,682.40. Following the completion of the sale, the chief accounting officer directly owned 512,811 shares in the company, valued at approximately $2,871,741.60. This represents a 3.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 2,868,059 shares of company stock worth $15,855,631.
Institutional Trading of Snap
Hedge funds and other institutional investors have recently modified their holdings of the stock. Saba Capital Management L.P. boosted its position in Snap by 232.5% during the first quarter. Saba Capital Management L.P. now owns 4,727,808 shares of the company’s stock valued at $21,748,000 after purchasing an additional 3,306,024 shares during the last quarter. Empyrean Capital Partners LP acquired a new position in shares of Snap during the 1st quarter worth approximately $25,300,000. Leonteq Securities AG bought a new stake in shares of Snap during the 4th quarter worth approximately $1,620,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Snap during the 4th quarter worth approximately $1,629,000. Finally, Marsico Capital Management LLC acquired a new stake in shares of Snap in the 4th quarter valued at approximately $5,620,000. Institutional investors and hedge funds own 47.52% of the company’s stock.
Snap News Roundup
Here are the key news stories impacting Snap this week:
- Positive Sentiment: Snap reported second-quarter revenue of $1.60 billion, up 18.9% year over year and above the $1.54 billion analyst consensus. Its GAAP loss of $0.10 per share was narrower than the expected $0.12 loss, while margins expanded and the company generated positive free cash flow. Snap Inc. Announces Second Quarter 2026 Financial Results
- Positive Sentiment: Management forecast third-quarter revenue of approximately $1.7 billion, broadly in line with expectations but viewed positively alongside the improving advertising trends and stronger-than-expected quarterly performance. Snap’s stock jumps on earnings beat and strong sales forecast
- Positive Sentiment: Higher advertising spending tied to the FIFA World Cup, stronger demand from large North American advertisers and the use of Snap’s AI-powered advertising tools helped drive the quarter and supported the positive outlook. Snap stock jumps as World Cup ads, AI tools drive earnings beat and strong outlook
- Positive Sentiment: Investors also responded favorably to Snap’s comments about rapidly growing direct revenue, improved advertising performance and efforts to build a more durable financial foundation.
- Neutral Sentiment: Unusually high call-option activity before the report indicated elevated speculative interest, but it does not directly change Snap’s underlying business results.
- Neutral Sentiment: CEO Evan Spiegel provided no specific update on pre-order demand for the upcoming Specs smart glasses, leaving a major product catalyst uncertain ahead of the September launch event. Snap CEO sidesteps Specs pre-order questions
- Negative Sentiment: One earnings-data provider reported adjusted earnings of $0.06 per share versus a $0.07 estimate, highlighting that profitability remains inconsistent despite the revenue beat and continued GAAP losses.
About Snap
Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.
Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.
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