Derek Andersen Sells 63,041 Shares of Snap (NYSE:SNAP) Stock

Snap Inc. (NYSE:SNAP) CFO Derek Andersen sold 63,041 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $4.70, for a total value of $296,292.70. Following the completion of the sale, the chief financial officer directly owned 3,892,617 shares in the company, valued at $18,295,299.90. This represents a 1.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Derek Andersen also recently made the following trade(s):

• On Wednesday, January 14th, Derek Andersen sold 23,715 shares of Snap stock. The stock was sold at an average price of $7.83, for a total value of $185,688.45.
• On Tuesday, December 16th, Derek Andersen sold 34,535 shares of Snap stock. The stock was sold at an average price of $7.21, for a total transaction of $248,997.35.

Snap Stock Up 2.7%

Shares of NYSE:SNAP opened at $5.14 on Friday. Snap Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $10.80. The firm’s 50 day moving average price is $7.03 and its 200 day moving average price is $7.51. The company has a quick ratio of 3.56, a current ratio of 3.56 and a debt-to-equity ratio of 1.53. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of -19.02 and a beta of 0.83.

Snap (NYSE:SNAP) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Snap had a negative return on equity of 20.72% and a negative net margin of 7.76%.The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the firm earned $0.01 EPS. The company’s revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts predict that Snap Inc. will post -0.3 earnings per share for the current fiscal year.

Snap News Summary

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Company initiatives: Snap unveiled Creator Subscriptions to build recurring creator revenue, introduced new AR glasses to expand its hardware/AR roadmap, and announced a US$500 million share buyback aimed at offsetting dilution — all of which support a narrative of diversified, higher‑margin revenue and capital return. Snap Tests New Revenue Mix
• Positive Sentiment: Analyst upgrade: Arete Research upgraded SNAP to Buy and highlighted higher‑margin recurring revenue as a near‑term catalyst, reinforcing investor optimism about monetization of new products. Arete Cites Higher‑Margin Recurring Revenue
• Neutral Sentiment: Institutional activity: Large funds (Vanguard, Capital World, Geode, etc.) show continued ownership increases, which provides base demand but doesn’t guarantee near‑term upside. MarketBeat SNAP Overview
• Negative Sentiment: Analyst downside risk: Citi cut its price target from $10 to $6 and kept a Neutral rating, citing persistent brand‑advertising headwinds after Q4 — a reminder ad recovery may be slow and pressure valuations. Citi Lowers Snap PT to $6
• Negative Sentiment: Insider selling: Several senior executives (GC, CFO, CAO and others) disclosed open‑market sales totaling hundreds of thousands of shares in mid‑Feb, which can be interpreted as a near‑term negative signal for sentiment. Insider Selling Alerts
• Negative Sentiment: Recent earnings pressure: Snap’s Q4 report showed revenue growth but an EPS miss (reported EPS below consensus), keeping profitability and margin recovery questions on investors’ minds. Snap Earnings/Analyst Coverage

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SNAP. Roth Mkm set a $7.00 price target on Snap in a research note on Thursday, February 5th. Cantor Fitzgerald dropped their price objective on Snap from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Guggenheim reissued a “neutral” rating and set a $6.50 target price on shares of Snap in a research report on Thursday, February 5th. Arete Research set a $7.30 target price on Snap and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, BMO Capital Markets upped their price target on Snap from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Snap presently has an average rating of “Hold” and a consensus target price of $8.43.

Institutional Trading of Snap

Several institutional investors and hedge funds have recently made changes to their positions in SNAP. Allworth Financial LP boosted its position in shares of Snap by 92.3% in the 3rd quarter. Allworth Financial LP now owns 3,293 shares of the company’s stock valued at $25,000 after purchasing an additional 1,581 shares during the period. Oak Harvest Investment Services purchased a new stake in Snap in the fourth quarter valued at approximately $26,000. Arax Advisory Partners lifted its stake in Snap by 220.0% in the fourth quarter. Arax Advisory Partners now owns 3,309 shares of the company’s stock valued at $27,000 after buying an additional 2,275 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Snap in the fourth quarter valued at approximately $29,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Snap by 561.4% during the fourth 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 during the last quarter. 47.52% of the stock is owned by hedge funds and other institutional investors.

About Snap

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.