Snap (NYSE:SNAP) Stock Price Expected to Rise, UBS Group Analyst Says

by · The Markets Daily

Snap (NYSE:SNAP – Get Free Report) had its price target increased by analysts at UBS Group from $9.00 to $10.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 22.77% from the stock’s previous close.

Several other research analysts also recently weighed in on SNAP. Rosenblatt Securities lifted their target price on Snap from $8.70 to $9.50 and gave the company a “neutral” rating in a research note on Thursday. Bank of America decreased their target price on shares of Snap from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Stifel Nicolaus cut shares of Snap from a “hold” rating to a “sell” rating and decreased their target price for the stock from $8.00 to $6.50 in a research report on Friday, October 24th. Wells Fargo & Company lifted their target price on shares of Snap from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Zacks Research downgraded Snap from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 20th. Four research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Snap presently has a consensus rating of “Hold” and an average target price of $34.92.

Read Our Latest Research Report on SNAP

Snap Price Performance

Shares of Snap stock traded up $0.85 during mid-day trading on Thursday, reaching $8.15. 114,122,856 shares of the stock traded hands, compared to its average volume of 52,727,570. The business has a 50-day moving average of $7.80 and a 200 day moving average of $8.25. Snap has a fifty-two week low of $6.90 and a fifty-two week high of $13.28. The stock has a market capitalization of $13.76 billion, a PE ratio of -25.39 and a beta of 0.89. 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 – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Snap had a negative net margin of 9.69% and a negative return on equity of 23.32%. Snap’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) earnings per share. Snap has set its Q4 2025 guidance at EPS. On average, analysts predict that Snap will post -0.3 EPS for the current year.

Insider Transactions at Snap

In other Snap news, CFO Derek Andersen sold 33,871 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.56, for a total transaction of $256,064.76. Following the transaction, the chief financial officer owned 3,109,581 shares in the company, valued at $23,508,432.36. This trade represents a 1.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Michael J. O’sullivan sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $7.73, for a total transaction of $185,520.00. Following the completion of the transaction, the general counsel owned 490,454 shares of the company’s stock, valued at $3,791,209.42. The trade was a 4.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 510,569 shares of company stock valued at $3,741,723. Company insiders own 22.68% of the company’s stock.

Hedge Funds Weigh In On Snap

Several 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% during the second quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock worth $26,000 after purchasing an additional 1,852 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Snap in the third quarter valued at $33,000. Quarry LP bought a new position in Snap in the 1st quarter worth $34,000. Itau Unibanco Holding S.A. bought a new stake in Snap during the 1st quarter valued at approximately $35,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of Snap in the 1st quarter valued at $44,000. 47.52% of the stock is owned by hedge funds and other institutional investors.

About Snap

(Get Free Report)

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.

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