Snap (NYSE:SNAP) Stock Price Expected to Rise, UBS Group Analyst Says

Snap (NYSE:SNAP) had its price objective increased by UBS Group from $9.00 to $10.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 22.77% from the stock’s current price.

A number of other equities analysts have also recently weighed in on SNAP. BMO Capital Markets upped their price objective on shares of Snap from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday. JMP Securities restated a “market perform” rating on shares of Snap in a research note on Wednesday, August 6th. Rosenblatt Securities upped their price objective on Snap from $8.70 to $9.50 and gave the stock a “neutral” rating in a report on Thursday. Morgan Stanley lowered their price target on shares of Snap from $8.50 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, October 20th. Finally, Citigroup cut Snap from an “outperform” rating to a “negative” rating in a report on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.92.

Snap Price Performance

SNAP traded up $0.85 on Thursday, reaching $8.15. The company had a trading volume of 114,122,856 shares, compared to its average volume of 52,727,570. The company has a market cap of $13.76 billion, a price-to-earnings ratio of -25.39 and a beta of 0.89. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.88 and a current ratio of 3.88. Snap has a 52-week low of $6.90 and a 52-week high of $13.28. The business has a 50 day simple moving average of $7.80 and a 200 day simple moving average of $8.25.

Snap (NYSE:SNAP) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.12). The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. Snap had a negative net margin of 9.69% and a negative return on equity of 23.32%. Snap’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.09) earnings per share. Snap has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Snap will post -0.3 EPS for the current year.

Insider Buying and Selling

In other Snap news, General Counsel Michael J. O’sullivan sold 68,705 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $7.18, for a total transaction of $493,301.90. Following the completion of the sale, the general counsel directly owned 2,015,624 shares in the company, valued at $14,472,180.32. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ajit Mohan sold 184,287 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $7.18, for a total transaction of $1,323,180.66. Following the completion of the transaction, the insider owned 5,492,006 shares of the company’s stock, valued at $39,432,603.08. This trade represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 510,569 shares of company stock valued at $3,741,723. Insiders own 22.68% of the company’s stock.

Institutional Trading of Snap

Hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its position in Snap by 12.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,841 shares of the company’s stock worth $234,000 after acquiring an additional 2,918 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Snap during the first quarter worth $1,358,000. Alps Advisors Inc. raised its holdings in Snap by 7.9% during the first quarter. Alps Advisors Inc. now owns 108,413 shares of the company’s stock valued at $944,000 after buying an additional 7,944 shares in the last quarter. DMC Group LLC lifted its position in shares of Snap by 7.2% in the first quarter. DMC Group LLC now owns 19,547 shares of the company’s stock worth $170,000 after buying an additional 1,313 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Snap by 22.5% during the 1st quarter. Cerity Partners LLC now owns 274,285 shares of the company’s stock worth $2,389,000 after acquiring an additional 50,467 shares in the last quarter. 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.