Zacks Research Issues Positive Outlook for Snap Earnings

Snap Inc. (NYSE:SNAP - Free Report) - Zacks Research upped their Q1 2025 earnings estimates for Snap in a note issued to investors on Tuesday, February 25th. Zacks Research analyst R. Department now forecasts that the company will earn ($0.12) per share for the quarter, up from their prior estimate of ($0.13). The consensus estimate for Snap's current full-year earnings is ($0.30) per share. Zacks Research also issued estimates for Snap's Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.02) EPS, FY2025 earnings at ($0.27) EPS, Q1 2026 earnings at ($0.06) EPS, Q2 2026 earnings at ($0.03) EPS, Q3 2026 earnings at ($0.01) EPS, Q4 2026 earnings at ($0.01) EPS, FY2026 earnings at ($0.11) EPS and FY2027 earnings at ($0.07) EPS.

SNAP has been the topic of several other research reports. Barclays reiterated an "overweight" rating on shares of Snap in a report on Wednesday, February 5th. Wells Fargo & Company cut Snap from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $15.00 to $11.00 in a research report on Wednesday, February 5th. Needham & Company LLC reiterated a "buy" rating and issued a $640.00 price target on shares of Snap in a research note on Thursday, December 5th. Loop Capital raised their price target on Snap from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, Citizens Jmp downgraded shares of Snap from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $36.87.

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Snap Trading Down 1.8 %

SNAP traded down $0.18 during trading on Friday, hitting $9.60. 27,504,916 shares of the stock were exchanged, compared to its average volume of 29,323,947. Snap has a 1 year low of $8.29 and a 1 year high of $17.33. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of -22.84 and a beta of 0.99. The firm has a 50 day simple moving average of $11.06 and a 200 day simple moving average of $10.82. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.95 and a current ratio of 3.95.

Snap (NYSE:SNAP - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%.

Hedge Funds Weigh In On Snap

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Snap by 62.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,211,360 shares of the company's stock worth $66,462,000 after purchasing an additional 2,386,519 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Snap during the 3rd quarter worth about $1,345,000. Invenomic Capital Management LP purchased a new position in shares of Snap in the 3rd quarter valued at about $2,349,000. Jacobs Levy Equity Management Inc. raised its position in shares of Snap by 49.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,639,681 shares of the company's stock worth $28,245,000 after acquiring an additional 879,212 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Snap during the 3rd quarter worth about $828,000. 47.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Snap news, SVP Eric Young sold 102,152 shares of Snap stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $10.84, for a total transaction of $1,107,327.68. Following the completion of the sale, the senior vice president now directly owns 3,443,419 shares in the company, valued at $37,326,661.96. This trade represents a 2.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Rebecca Morrow sold 32,000 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $12.42, for a total transaction of $397,440.00. Following the completion of the sale, the chief accounting officer now directly owns 433,064 shares in the company, valued at $5,378,654.88. This trade represents a 6.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 481,471 shares of company stock valued at $5,394,906 over the last quarter. 22.68% of the stock is owned by insiders.

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.