Snap (SNAP) Scheduled to Post Quarterly Earnings on Thursday

Snap (NYSE:SNAP) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Snap has set its Q1 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Snap (NYSE:SNAP) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.39 billion. Snap had a negative return on equity of 47.47% and a negative net margin of 28.71%. On average, analysts expect Snap to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Snap Stock Up 4.7 %

Shares of SNAP opened at $10.90 on Thursday. The firm has a market capitalization of $17.99 billion, a P/E ratio of -13.13 and a beta of 1.13. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.39 and a current ratio of 4.39. Snap has a 52 week low of $7.86 and a 52 week high of $17.90. The company has a 50-day simple moving average of $11.19 and a 200-day simple moving average of $12.71.

Wall Street Analysts Forecast Growth

SNAP has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on shares of Snap from $14.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday. Piper Sandler boosted their price objective on Snap from $12.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. BMO Capital Markets dropped their target price on shares of Snap from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Roth Mkm increased their price target on shares of Snap from $10.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Finally, Morgan Stanley reduced their price objective on Snap from $13.00 to $11.00 and set an “underweight” rating on the stock in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.86.

Insider Buying and Selling at Snap

In related news, General Counsel Michael J. O’sullivan sold 13,000 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $16.16, for a total transaction of $210,080.00. Following the sale, the general counsel now owns 461,005 shares of the company’s stock, valued at approximately $7,449,840.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, General Counsel Michael J. O’sullivan sold 13,000 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $16.16, for a total transaction of $210,080.00. Following the completion of the sale, the general counsel now directly owns 461,005 shares of the company’s stock, valued at approximately $7,449,840.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Derek Andersen sold 96,953 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $10.99, for a total transaction of $1,065,513.47. Following the sale, the chief financial officer now owns 2,534,689 shares in the company, valued at $27,856,232.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 470,054 shares of company stock valued at $5,279,729.

Hedge Funds Weigh In On Snap

A number of large investors have recently added to or reduced their stakes in SNAP. Public Employees Retirement System of Ohio acquired a new position in Snap during the fourth quarter worth $115,000. Ethic Inc. bought a new stake in Snap during the 1st quarter worth about $114,000. Pacific Center for Financial Services acquired a new position in shares of Snap during the 1st quarter worth about $106,000. O Dell Group LLC bought a new position in shares of Snap in the 4th quarter valued at about $104,000. Finally, Captrust Financial Advisors increased its position in shares of Snap by 120.3% in the third quarter. Captrust Financial Advisors now owns 10,371 shares of the company’s stock valued at $102,000 after acquiring an additional 5,664 shares during the last quarter. Institutional investors own 47.52% of the company’s stock.

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.