Snap (NYSE:SNAP) Posts Earnings Results

Snap (NYSE:SNAP) announced its earnings results on Tuesday. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.13), Zacks reports. Snap had a negative return on equity of 35.60% and a negative net margin of 18.49%. Snap updated its Q1 2025 guidance to EPS.

Snap Stock Performance

NYSE:SNAP opened at $11.61 on Wednesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 4.04 and a current ratio of 4.04. Snap has a fifty-two week low of $8.29 and a fifty-two week high of $17.50. The company has a 50 day simple moving average of $11.52 and a two-hundred day simple moving average of $10.89. The company has a market capitalization of $19.46 billion, a PE ratio of -20.01 and a beta of 0.99.

Analyst Ratings Changes

A number of research firms have commented on SNAP. Citigroup raised their price objective on Snap from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, November 29th. Truist Financial boosted their price target on Snap from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $16.00 price objective on shares of Snap in a research note on Wednesday, October 30th. UBS Group boosted their target price on shares of Snap from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, JMP Securities reiterated a “market outperform” rating and set a $16.00 price target on shares of Snap in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $36.86.

Insider Transactions at Snap

In related news, General Counsel Michael J. O’sullivan sold 12,315 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.54, for a total transaction of $129,800.10. Following the sale, the general counsel now owns 1,195,567 shares in the company, valued at $12,601,276.18. This represents a 1.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Rebecca Morrow sold 11,154 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.55, for a total value of $117,674.70. Following the transaction, the chief accounting officer now owns 465,064 shares in the company, valued at $4,906,425.20. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 445,184 shares of company stock worth $4,968,189.

Snap Company 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.