Snap (NYSE:SNAP) CFO Derek Andersen Sells 16,412 Shares

Snap Inc. (NYSE:SNAP) CFO Derek Andersen sold 16,412 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $8.40, for a total value of $137,860.80. Following the completion of the transaction, the chief financial officer owned 3,093,169 shares in the company, valued at approximately $25,982,619.60. This trade represents a 0.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Derek Andersen also recently made the following trade(s):

• On Monday, November 17th, Derek Andersen sold 62,868 shares of Snap stock. The stock was sold at an average price of $8.34, for a total value of $524,319.12.
• On Tuesday, September 16th, Derek Andersen sold 33,871 shares of Snap stock. The shares were sold at an average price of $7.56, for a total transaction of $256,064.76.

Snap Trading Up 0.9%

NYSE SNAP traded up $0.08 during trading hours on Tuesday, reaching $8.26. The company had a trading volume of 55,058,654 shares, compared to its average volume of 53,222,629. Snap Inc. has a 1-year low of $6.90 and a 1-year high of $13.28. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 1.57. The stock has a 50-day moving average of $8.01 and a 200 day moving average of $8.27. The stock has a market capitalization of $14.19 billion, a P/E ratio of -28.46 and a beta of 0.89.

Snap (NYSE:SNAP) last announced its earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.12). The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Snap had a negative return on equity of 21.61% and a negative net margin of 8.60%.Snap’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) earnings per share. Snap has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Snap

Institutional investors have recently modified their holdings of the business. Apollon Wealth Management LLC acquired a new stake in shares of Snap in the 1st quarter worth approximately $127,000. Allianz Asset Management GmbH lifted its stake in Snap by 13.7% during the first quarter. Allianz Asset Management GmbH now owns 76,249 shares of the company’s stock valued at $664,000 after buying an additional 9,200 shares in the last quarter. Cetera Investment Advisers raised its stake in Snap by 11.8% during the 1st quarter. Cetera Investment Advisers now owns 64,918 shares of the company’s stock valued at $565,000 after purchasing an additional 6,833 shares during the period. TD Asset Management Inc lifted its stake in Snap by 4.6% in the 1st quarter. TD Asset Management Inc now owns 194,149 shares of the company’s stock worth $1,691,000 after acquiring an additional 8,569 shares in the last quarter. Finally, Allen Investment Management LLC boosted its holdings in shares of Snap by 23.5% during the first quarter. Allen Investment Management LLC now owns 1,890,749 shares of the company’s stock worth $16,468,000 after purchasing an additional 359,379 shares during the period. Institutional investors own 47.52% of the company’s stock.

Analysts Set New Price Targets

SNAP has been the topic of a number of research reports. Stifel Nicolaus set a $7.00 price target on Snap in a report on Thursday, November 6th. BMO Capital Markets boosted their price objective on shares of Snap from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Evercore ISI upped their target price on Snap from $11.00 to $12.00 and gave the company an “in-line” rating in a report on Wednesday, August 6th. Wells Fargo & Company raised their price objective on shares of Snap from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Finally, JMP Securities reissued a “market perform” rating on shares of Snap in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.06.

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.