200,768 Shares in Snap Inc. $SNAP Purchased by Leonteq Securities AG

Leonteq Securities AG acquired a new position in shares of Snap Inc. (NYSE:SNAP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 200,768 shares of the company’s stock, valued at approximately $1,620,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. ABN Amro Investment Solutions lifted its holdings in Snap by 214.2% during the 4th quarter. ABN Amro Investment Solutions now owns 50,346 shares of the company’s stock worth $406,000 after purchasing an additional 34,324 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Snap by 146.3% during the 4th quarter. GSA Capital Partners LLP now owns 145,494 shares of the company’s stock worth $1,174,000 after purchasing an additional 86,430 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Snap by 2.9% during the 4th quarter. HighTower Advisors LLC now owns 544,652 shares of the company’s stock worth $4,395,000 after purchasing an additional 15,525 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in Snap during the 4th quarter worth about $113,000. Finally, Independent Advisor Alliance lifted its holdings in Snap by 16.8% during the 4th quarter. Independent Advisor Alliance now owns 14,782 shares of the company’s stock worth $119,000 after purchasing an additional 2,128 shares in the last quarter. Hedge funds and other institutional investors own 47.52% of the company’s stock.

Snap Stock Performance

NYSE:SNAP opened at $5.69 on Friday. The business’s 50-day moving average price is $5.23 and its two-hundred day moving average price is $6.43. Snap Inc. has a twelve month low of $3.81 and a twelve month high of $10.41. The stock has a market cap of $9.61 billion, a P/E ratio of -23.70 and a beta of 1.05. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 1.67.

Snap (NYSE:SNAP) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.14). Snap had a negative net margin of 6.72% and a negative return on equity of 18.92%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the business earned ($0.08) EPS. The business’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts predict that Snap Inc. will post -0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SNAP has been the topic of a number of recent research reports. Citizens Jmp reissued a “market perform” rating on shares of Snap in a report on Thursday, February 5th. Wall Street Zen cut Snap from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Sanford C. Bernstein cut Snap from a “market perform” rating to a “market perform” rating in a report on Monday, April 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Snap in a report on Monday, April 20th. Finally, Piper Sandler reissued a “neutral” rating on shares of Snap in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.91.

Key Headlines Impacting Snap

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Snap added Luke Wood, former Beats president and Apple executive, to its board of directors. Investors may view this as a credibility boost for leadership and a sign Snap is leaning on experienced consumer-tech talent to support its strategy. Luke Wood Joins Snap Inc. Board of Directors
• Neutral Sentiment: CFO Douglas Hott, General Counsel Zachary M. Briers, and CAO Rebecca Morrow all disclosed share sales, but each filing said the transactions were to cover tax withholding tied to vesting equity awards. That makes the sales more routine than a clear sign of waning confidence, though the timing may still attract attention. SEC filing for CFO Douglas Hott
• Neutral Sentiment: The insider selling was broad-based and included multiple transactions over May 18-19, which can create near-term caution even if the sales were pre-planned or tax-related. SEC filing for Zachary M. Briers
• Negative Sentiment: Multiple executive sales in a short period can weigh on Snap Inc. (NYSE: SNAP) sentiment, especially after a recent earnings report that missed profit expectations. Traders may worry that management sees limited near-term upside, even though the company said the sales were for tax reasons. SEC filing for Rebecca Morrow

Insider Activity

In other news, General Counsel Zachary M. Briers sold 129,493 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.60, for a total transaction of $725,160.80. Following the transaction, the general counsel directly owned 2,644,538 shares in the company, valued at approximately $14,809,412.80. This represents a 4.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ajit Mohan sold 44,785 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $5.60, for a total value of $250,796.00. Following the transaction, the insider owned 5,057,891 shares in the company, valued at $28,324,189.60. This trade represents a 0.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 2,665,427 shares of company stock worth $14,514,853. 22.68% of the stock is currently owned by insiders.

Snap Profile

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.