Snap (NYSE:SNAP) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Snap (NYSE:SNAP) had its price objective raised by equities research analysts at BMO Capital Markets from $12.00 to $13.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 58.85% from the company’s previous close.

Several other analysts also recently commented on SNAP. Guggenheim reiterated a “neutral” rating and issued a $8.00 target price on shares of Snap in a report on Friday, September 12th. Morgan Stanley decreased their price objective on shares of Snap from $8.50 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, October 20th. Rosenblatt Securities upped their target price on Snap from $8.70 to $9.50 and gave the company a “neutral” rating in a report on Thursday. Mizuho began coverage on Snap in a research report on Monday, September 29th. They set a “neutral” rating and a $9.00 price target for the company. Finally, Stifel Nicolaus lowered Snap from a “hold” rating to a “sell” rating and dropped their price target for the stock from $8.00 to $6.50 in a report on Friday, October 24th. Four equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.98.

Snap Stock Up 2.2%

NYSE SNAP traded up $0.17 during mid-day trading on Thursday, hitting $8.18. The company’s stock had a trading volume of 70,035,527 shares, compared to its average volume of 52,545,716. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.73. The company’s 50 day simple moving average is $7.84 and its 200 day simple moving average is $8.25. Snap has a twelve month low of $6.90 and a twelve month high of $13.28. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of -28.22 and a beta of 0.89.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. Snap had a negative net margin of 8.60% and a negative return on equity of 21.49%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.09) earnings per share. Snap has set its Q4 2025 guidance at EPS. Analysts anticipate that Snap will post -0.3 earnings per share for the current year.

Insider Transactions at Snap

In other Snap news, General Counsel Michael J. O’sullivan sold 24,000 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $7.73, for a total transaction of $185,520.00. Following the sale, the general counsel directly owned 490,454 shares of the company’s stock, valued at $3,791,209.42. This represents a 4.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Derek Andersen sold 33,871 shares of Snap stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.56, for a total transaction of $256,064.76. Following the completion of the transaction, the chief financial officer owned 3,109,581 shares of the company’s stock, valued at $23,508,432.36. The trade was a 1.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 510,569 shares of company stock valued at $3,741,723. 22.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Snap

A number of hedge funds and other institutional investors have recently bought and sold shares of SNAP. Sumitomo Mitsui Trust Group Inc. grew its holdings in Snap by 31.7% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,208,697 shares of the company’s stock valued at $36,574,000 after buying an additional 1,013,757 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Snap in the second quarter worth about $2,723,000. Arkadios Wealth Advisors purchased a new stake in shares of Snap in the second quarter worth about $1,256,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Snap by 12.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,841 shares of the company’s stock valued at $234,000 after acquiring an additional 2,918 shares during the period. Finally, Vanguard Group Inc. grew its stake in Snap by 6.7% during the first quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company’s stock valued at $953,601,000 after acquiring an additional 6,921,841 shares in the last quarter. Institutional investors own 47.52% of the company’s stock.

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.