Snap (NYSE:SNAP) Rating Increased to Hold at Mizuho

Snap (NYSE:SNAP) was upgraded by research analysts at Mizuho to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts have also recently issued reports on SNAP. JMP Securities reissued a “market perform” rating on shares of Snap in a report on Wednesday, August 6th. Morgan Stanley raised their price target on Snap from $6.50 to $8.50 and gave the company an “equal weight” rating in a report on Monday, July 21st. Piper Sandler lowered their price target on Snap from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Guggenheim reaffirmed a “neutral” rating and issued a $8.00 price target on shares of Snap in a report on Friday, September 12th. Finally, TD Cowen raised their price target on Snap from $9.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.77.

Snap Stock Down 8.1%

Shares of NYSE SNAP opened at $7.72 on Monday. Snap has a one year low of $6.90 and a one year high of $13.28. The company has a debt-to-equity ratio of 1.73, a current ratio of 3.88 and a quick ratio of 3.88. The business’s fifty day moving average price is $7.91 and its 200-day moving average price is $8.36. The stock has a market capitalization of $13.05 billion, a PE ratio of -24.13 and a beta of 0.62.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.16). The business had revenue of $1.34 billion for 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 firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.15) EPS. Snap has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Snap will post -0.3 EPS for the current year.

Insider Transactions at Snap

In related news, insider Ajit Mohan sold 184,287 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $7.18, for a total transaction of $1,323,180.66. Following the transaction, the insider directly owned 5,492,006 shares of the company’s stock, valued at approximately $39,432,603.08. This trade represents a 3.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 value of $437,126.22. Following the transaction, the chief financial officer owned 3,143,452 shares in the company, valued at approximately $22,538,550.84. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,486,532 shares of company stock valued at $11,441,229.

Hedge Funds Weigh In On Snap

Several institutional investors and hedge funds have recently bought and sold shares of SNAP. NBC Securities Inc. grew its position in Snap by 154,650.0% during the 1st quarter. NBC Securities Inc. now owns 3,095 shares of the company’s stock worth $26,000 after acquiring an additional 3,093 shares during the last quarter. Signaturefd LLC grew its position in Snap by 169.9% during the 2nd quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock worth $26,000 after acquiring an additional 1,852 shares during the last quarter. Rakuten Securities Inc. grew its position in Snap by 155.4% during the 1st quarter. Rakuten Securities Inc. now owns 3,489 shares of the company’s stock worth $30,000 after acquiring an additional 2,123 shares during the last quarter. Quarry LP bought a new position in Snap during the 1st quarter worth approximately $34,000. Finally, Itau Unibanco Holding S.A. bought a new position in Snap during the 1st quarter worth approximately $35,000. 47.52% of the stock is currently owned by institutional investors.

Snap Company 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.