B. Riley Estimates Snap's FY2028 Earnings (NYSE:SNAP)

Snap Inc. (NYSE:SNAP - Free Report) - Research analysts at B. Riley issued their FY2028 earnings per share estimates for Snap in a research report issued on Wednesday, October 30th. B. Riley analyst N. Khan anticipates that the company will earn $0.47 per share for the year. B. Riley currently has a "Neutral" rating and a $12.00 target price on the stock. The consensus estimate for Snap's current full-year earnings is ($0.47) per share.

Other equities analysts also recently issued research reports about the stock. HSBC downgraded shares of Snap from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. Stifel Nicolaus lowered their target price on shares of Snap from $13.00 to $11.00 and set a "hold" rating for the company in a research note on Monday, October 14th. Barclays decreased their price objective on shares of Snap from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. Royal Bank of Canada restated a "sector perform" rating and issued a $16.00 price objective on shares of Snap in a research note on Wednesday. Finally, Truist Financial upped their price objective on shares of Snap from $13.00 to $14.00 and gave the company a "hold" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, twenty-two have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Snap has an average rating of "Hold" and a consensus target price of $14.25.

Snap Stock Up 3.0 %

Shares of SNAP stock traded up $0.37 on Friday, reaching $12.53. 49,720,482 shares of the stock were exchanged, compared to its average volume of 27,676,689. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.74. The business's 50 day moving average price is $10.12 and its 200 day moving average price is $12.69. The company has a market capitalization of $20.79 billion, a price-to-earnings ratio of -21.60 and a beta of 1.01. Snap has a twelve month low of $8.29 and a twelve month high of $17.90.

Snap (NYSE:SNAP - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.25 billion. Snap had a negative net margin of 18.49% and a negative return on equity of 35.63%.

Insider Buying and Selling

In other Snap news, Director Joanna Coles sold 6,434 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $12.00, for a total value of $77,208.00. Following the completion of the transaction, the director now directly owns 54,761 shares of the company's stock, valued at approximately $657,132. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Evan Spiegel sold 150,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $8.85, for a total transaction of $1,327,500.00. Following the completion of the transaction, the chief executive officer now directly owns 3,327,844 shares of the company's stock, valued at $29,451,419.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joanna Coles sold 6,434 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $12.00, for a total transaction of $77,208.00. Following the transaction, the director now directly owns 54,761 shares of the company's stock, valued at approximately $657,132. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,497,051 shares of company stock valued at $13,261,098 over the last ninety days. Corporate insiders own 22.68% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Hollencrest Capital Management acquired a new stake in Snap during the second quarter worth approximately $33,000. Blue Trust Inc. boosted its position in Snap by 354.1% during the second quarter. Blue Trust Inc. now owns 2,157 shares of the company's stock worth $36,000 after acquiring an additional 1,682 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Snap in the 2nd quarter valued at $40,000. V Square Quantitative Management LLC acquired a new position in shares of Snap in the 3rd quarter valued at $29,000. Finally, Paladin Wealth LLC acquired a new position in shares of Snap in the 3rd quarter valued at $30,000. 47.52% of the stock is owned by hedge funds and other institutional investors.

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.