Snap Inc. $SNAP Position Lessened by DMC Group LLC

DMC Group LLC cut its position in shares of Snap Inc. (NYSE:SNAP) by 28.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,902 shares of the company’s stock after selling 5,645 shares during the period. DMC Group LLC’s holdings in Snap were worth $121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of Snap by 169.9% during the 2nd quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock valued at $26,000 after purchasing an additional 1,852 shares in the last quarter. NBC Securities Inc. raised its holdings in Snap by 154,650.0% during the first quarter. NBC Securities Inc. now owns 3,095 shares of the company’s stock valued at $26,000 after buying an additional 3,093 shares in the last quarter. Rakuten Securities Inc. raised its holdings in Snap by 155.4% during the first quarter. Rakuten Securities Inc. now owns 3,489 shares of the company’s stock valued at $30,000 after buying an additional 2,123 shares in the last quarter. Quarry LP bought a new position in Snap during the first quarter valued at about $34,000. Finally, Itau Unibanco Holding S.A. bought a new position in Snap during the first quarter valued at about $35,000. 47.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Elizabeth Jenkins sold 7,900 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $55,853.00. Following the sale, the director directly owned 65,663 shares of the company’s stock, valued at $464,237.41. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Michael J. O’sullivan sold 24,000 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $7.86, for a total value of $188,640.00. Following the completion of the transaction, the general counsel owned 514,454 shares in the company, valued at $4,043,608.44. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,510,532 shares of company stock worth $11,629,869.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SNAP. Evercore ISI raised their price objective on Snap from $11.00 to $12.00 and gave the company an “in-line” rating in a research note on Wednesday, August 6th. JMP Securities reissued a “market perform” rating on shares of Snap in a research report on Wednesday, August 6th. UBS Group dropped their price target on shares of Snap from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Truist Financial dropped their target price on shares of Snap from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, August 6th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $7.00 target price on shares of Snap in a report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.65.

Snap Stock Performance

NYSE SNAP opened at $8.14 on Wednesday. Snap Inc. has a twelve month low of $6.90 and a twelve month high of $13.28. The stock has a market cap of $13.75 billion, a P/E ratio of -25.42 and a beta of 0.71. The company’s 50-day simple moving average is $7.76 and its 200 day simple moving average is $8.33. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.73.

Snap (NYSE:SNAP) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.16) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.16). Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the business posted ($0.15) earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Snap has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Snap 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.