Snap (NYSE:SNAP) Price Target Lowered to $8.00 at Royal Bank Of Canada

Snap (NYSE:SNAP) had its price objective lowered by research analysts at Royal Bank Of Canada from $10.00 to $8.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 33.80% from the stock’s current price.

SNAP has been the topic of several other reports. Mizuho lowered their price target on shares of Snap from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Rothschild & Co Redburn raised shares of Snap from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Monday, April 27th. Barclays raised shares of Snap from an “overweight” rating to an “overweight” rating in a research note on Monday, April 27th. Citizens Jmp reaffirmed a “market perform” rating on shares of Snap in a research note on Thursday, February 5th. Finally, UBS Group set a $8.00 price objective on shares of Snap in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.94.

Snap Price Performance

Shares of NYSE:SNAP traded down $0.13 during midday trading on Thursday, hitting $5.98. The company’s stock had a trading volume of 62,052,120 shares, compared to its average volume of 53,287,512. The company has a debt-to-equity ratio of 1.53, a quick ratio of 3.56 and a current ratio of 3.56. The business’s 50 day simple moving average is $5.12 and its 200 day simple moving average is $6.59. Snap has a 12-month low of $3.81 and a 12-month high of $10.41. The company has a market cap of $10.10 billion, a P/E ratio of -22.20 and a beta of 1.05.

Snap (NYSE:SNAP) last issued its earnings results on Wednesday, May 6th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Snap had a negative return on equity of 20.72% and a negative net margin of 7.76%.The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the firm earned ($0.08) earnings per share. Snap’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts forecast that Snap will post -0.12 EPS for the current year.

Insider Activity

In other news, CAO Rebecca Morrow sold 16,499 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $4.70, for a total transaction of $77,545.30. Following the completion of the transaction, the chief accounting officer directly owned 466,682 shares of the company’s stock, valued at $2,193,405.40. This represents a 3.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ajit Mohan sold 28,058 shares of Snap stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $6.02, for a total transaction of $168,909.16. Following the transaction, the insider directly owned 5,102,676 shares in the company, valued at $30,718,109.52. This trade represents a 0.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 2,565,573 shares of company stock worth $13,329,781. Company insiders own 22.68% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SNAP. Allworth Financial LP lifted its stake in Snap by 92.3% during the 3rd quarter. Allworth Financial LP now owns 3,293 shares of the company’s stock valued at $25,000 after acquiring an additional 1,581 shares during the period. Oak Harvest Investment Services purchased a new stake in Snap in the 4th quarter worth approximately $26,000. Arax Advisory Partners increased its holdings in Snap by 220.0% in the 4th quarter. Arax Advisory Partners now owns 3,309 shares of the company’s stock worth $27,000 after acquiring an additional 2,275 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Snap in the 4th quarter worth approximately $29,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Snap by 561.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,618 shares of the company’s stock worth $29,000 after purchasing an additional 3,071 shares during the period. 47.52% of the stock is owned by hedge funds and other institutional investors.

More Snap News

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Q1 revenue and profitability momentum — Revenue grew ~12% year‑over‑year and management reported a big jump in adjusted EBITDA, signaling improving operating leverage. SNAP’s Q1 Revenues Climb Y/Y, Adjusted EBITDA More Than Doubles
• Positive Sentiment: Daily active users returned to growth, driven by markets outside North America/Europe — that user momentum supports ad revenue durability. Snap’s quarterly revenue rises, daily active users return to growth
• Positive Sentiment: Analyst support — Wells Fargo raised its price target to $7 (equal weight), providing a modest buy‑side data point. Wells Fargo raises price target
• Neutral Sentiment: Third‑party partnerships/market ties — Qualcomm headlines referenced a Snap AR tie that could be strategically positive long term, but the article primarily lifted Qualcomm shares. Impact on SNAP is secondary. Qualcomm Climbs 8% as Buyback, Snap AR Partnership Power Pivot Beyond Smartphones
• Neutral Sentiment: Management departures/context — Former Snap CFO Derek Andersen was hired by Expedia; notable for industry mobility but not an immediate operational issue for Snap. How Investors Are Reacting To Expedia Group (EXPE) Hiring Snap Veteran Derek Andersen As CFO
• Negative Sentiment: Perplexity AI deal cancelled — Snap confirmed the amicable end of a previously announced ~$400M Perplexity integration, and the company excluded Perplexity upside from guidance; that directly removes a near‑term revenue catalyst. Snap says its $400M deal with Perplexity ‘amicably ended’
• Negative Sentiment: Cautious forward guidance — Management issued conservative Q2 revenue guidance that disappointed investors, increasing uncertainty about near‑term ad growth. Snap issues cautious guidance as Perplexity deal ends, Middle East ‘geopolitical situation’ causes uncertainty
• Negative Sentiment: Activist pressure — Randian Capital has launched an activist campaign pressing for asset reviews and board changes, which can increase near‑term volatility and strategic uncertainty. Randian Activist Push Puts Snap Specs Review And Valuation In Focus
• Negative Sentiment: Investor litigation probe — Pomerantz announced an investigation into Snap, adding legal overhang risk for shareholders. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snap, Inc. – SNAP

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.