Snap (NYSE:SNAP) Price Target Cut to $6.00 by Analysts at JPMorgan Chase & Co.

Snap (NYSE:SNAP) had its target price cut by JPMorgan Chase & Co. from $7.00 to $6.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an underweight rating on the stock.

A number of other equities research analysts have also weighed in on SNAP. Evercore reissued a “mixed” rating on shares of Snap in a report on Thursday, February 5th. TD Cowen started coverage on shares of Snap in a research report on Monday, April 27th. They issued a “buy” rating on the stock. Stifel Nicolaus boosted their price target on shares of Snap from $4.50 to $5.25 and gave the stock a “hold” rating in a research report on Tuesday, April 21st. UBS Group set a $8.00 price target on shares of Snap in a research report on Thursday. Finally, Rothschild & Co Redburn upgraded shares of Snap from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Snap has an average rating of “Hold” and a consensus target price of $7.91.

Snap Trading Down 0.4%

SNAP traded down $0.03 during trading on Thursday, reaching $5.96. 27,061,526 shares of the company’s stock were exchanged, compared to its average volume of 53,311,953. Snap has a one year low of $3.81 and a one year high of $10.41. The company has a current ratio of 3.56, a quick ratio of 3.56 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $10.06 billion, a PE ratio of -24.81 and a beta of 1.05. The firm has a fifty day moving average price of $5.14 and a two-hundred day moving average price of $6.58.

Snap (NYSE:SNAP) last posted its earnings results on Wednesday, May 6th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Snap had a negative return on equity of 18.69% and a negative net margin of 6.72%.The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm earned ($0.08) earnings per share. The company’s revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts forecast that Snap will post -0.12 earnings per share for the current fiscal year.

Insider Activity at Snap

In related news, CTO Robert C. Murphy sold 1,000,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $5.36, for a total transaction of $5,360,000.00. Following the transaction, the chief technology officer owned 49,313,775 shares in the company, valued at $264,321,834. The trade was a 1.99% 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, General Counsel Zachary M. Briers sold 134,705 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $4.70, for a total transaction of $633,113.50. Following the completion of the sale, the general counsel owned 2,854,088 shares of the company’s stock, valued at approximately $13,414,213.60. The trade was a 4.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,565,573 shares of company stock worth $8,059,781 over the last ninety days. 22.68% of the stock is owned by corporate insiders.

Institutional Trading of Snap

Institutional investors have recently made changes to their positions in the company. Allworth Financial LP grew its stake in shares of Snap by 92.3% in the 3rd quarter. Allworth Financial LP now owns 3,293 shares of the company’s stock worth $25,000 after acquiring an additional 1,581 shares in the last quarter. Arax Advisory Partners grew its stake in shares of 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 bought a new stake in shares of Snap in the 4th quarter worth $29,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 3,071 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Snap in the 3rd quarter worth $33,000. Institutional investors own 47.52% of the company’s stock.

Trending Headlines about Snap

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Q1 revenue and engagement pickup — Snap reported roughly 12% year?over?year revenue growth and a return to daily active user growth, with adjusted EBITDA improving, signaling advertising and monetization momentum. Article Title
• Positive Sentiment: Longer?term AI/AR positioning remains — partnerships (e.g., Qualcomm for Specs and Experian for AI ads) keep Snap positioned in AR/AI ad stacks, a tailwind if execution continues. Article Title
• Neutral Sentiment: Mixed earnings read — some outlets call Q1 in?line on revenue while EPS comparisons vary across reports, creating ambiguity about the strength of the quarter versus expectations. Investors are parsing the details. Article Title
• Negative Sentiment: Perplexity deal cancelled — Snap said the previously announced ~$400M integration with generative AI start?up Perplexity was amicably ended, and guidance assumes no contribution from that deal, removing a near?term growth catalyst. Article Title
• Negative Sentiment: Activist pressure escalates — Randian Capital publicly urged the board to explore strategic alternatives and governance changes, a development that increases near?term uncertainty and volatility. Article Title
• Negative Sentiment: Company flag on activist risk — Snap added new disclosure that activist investors could disrupt strategy and heighten stock volatility, highlighting management concern. Article Title
• Negative Sentiment: Analyst moves and legal noise — JPMorgan cut its price target and moved to underweight, RBC trimmed its target, while Wells Fargo raised its target; plus a law firm probe notice adds short?term headline risk. Article Title Article Title

Snap Company Profile

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.