Snap (NYSE:SNAP) CAO Rebecca Morrow Sells 12,699 Shares

Snap Inc. (NYSE:SNAP) CAO Rebecca Morrow sold 12,699 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $8.34, for a total value of $105,909.66. Following the sale, the chief accounting officer directly owned 466,603 shares in the company, valued at approximately $3,891,469.02. This represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Rebecca Morrow also recently made the following trade(s):

• On Tuesday, September 16th, Rebecca Morrow sold 2,501 shares of Snap stock. The stock was sold at an average price of $7.56, for a total value of $18,907.56.

Snap Price Performance

Shares of NYSE:SNAP traded down $0.20 during trading on Wednesday, hitting $8.05. 37,262,493 shares of the company’s stock were exchanged, compared to its average volume of 53,158,785. The company has a debt-to-equity ratio of 1.57, a current ratio of 3.67 and a quick ratio of 3.67. Snap Inc. has a 52-week low of $6.90 and a 52-week high of $13.28. The business’s 50-day simple moving average is $8.02 and its 200 day simple moving average is $8.26. The company has a market cap of $13.83 billion, a price-to-earnings ratio of -27.74 and a beta of 0.89.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SNAP. Guggenheim restated a “neutral” rating and set a $8.00 target price on shares of Snap in a research report on Friday, September 12th. Morgan Stanley reduced their price objective on Snap from $8.50 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, October 20th. Truist Financial upped their price objective on Snap from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Rosenblatt Securities raised their price objective on Snap from $8.70 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Finally, Wells Fargo & Company lifted their target price on Snap from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.06.

Institutional Investors Weigh In On Snap

Several hedge funds have recently made changes to their positions in SNAP. Danske Bank A S bought a new position in shares of Snap during the 3rd quarter worth $3,193,000. Stance Capital LLC bought a new stake in shares of Snap in the third quarter valued at about $1,411,000. Silvant Capital Management LLC lifted its stake in Snap by 11.0% in the third quarter. Silvant Capital Management LLC now owns 16,426 shares of the company’s stock worth $127,000 after acquiring an additional 1,629 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Snap by 1.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,022,443 shares of the company’s stock worth $31,013,000 after acquiring an additional 53,611 shares in the last quarter. Finally, Armistice Capital LLC bought a new position in Snap during the 3rd quarter worth about $99,000. 47.52% of the stock is currently owned by hedge funds and other 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.