Snap (NYSE:SNAP) General Counsel Sells $591,155.88 in Stock

Snap Inc. (NYSE:SNAP) General Counsel Michael O’sullivan sold 70,882 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $8.34, for a total transaction of $591,155.88. Following the completion of the sale, the general counsel owned 1,854,982 shares of the company’s stock, valued at approximately $15,470,549.88. The trade was a 3.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Snap Stock Performance

Shares of SNAP stock traded down $0.20 during mid-day trading on Wednesday, reaching $8.05. The stock had a trading volume of 37,262,493 shares, compared to its average volume of 53,158,785. The firm’s 50 day simple moving average is $8.02 and its 200 day simple moving average is $8.26. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 1.57. Snap Inc. has a one year low of $6.90 and a one year high of $13.28. The firm has a market cap of $13.83 billion, a PE ratio of -27.74 and a beta of 0.89.

Snap (NYSE:SNAP) last issued its 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). The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. Snap had a negative net margin of 8.60% and a negative return on equity of 21.61%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) earnings per share. Snap has set its Q4 2025 guidance at EPS. On average, analysts forecast that Snap Inc. will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Snap

A number of institutional investors and hedge funds have recently bought and sold shares of SNAP. Signaturefd LLC increased its stake in shares of Snap by 169.9% in the second quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock valued at $26,000 after buying an additional 1,852 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Snap during the 3rd quarter worth about $33,000. Quarry LP bought a new stake in Snap during the 1st quarter worth about $34,000. Itau Unibanco Holding S.A. acquired a new stake in Snap in the 1st quarter valued at about $35,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Snap in the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 47.52% of the company’s stock.

Analyst Ratings Changes

SNAP has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of Snap from $8.50 to $10.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. UBS Group raised their price target on shares of Snap from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. BMO Capital Markets upped their price objective on Snap from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. JMP Securities restated a “market perform” rating on shares of Snap in a research report on Wednesday, August 6th. Finally, Mizuho began coverage on Snap in a research note on Monday, September 29th. They issued a “neutral” rating and a $9.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.06.

About Snap

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.