Research Analysts Set Expectations for Snap FY2028 Earnings

Snap Inc. (NYSE:SNAP) – Stock analysts at B. Riley issued their FY2028 earnings per share (EPS) estimates for Snap in a report issued on Wednesday, October 30th. B. Riley analyst N. Khan anticipates that the company will post earnings of $0.47 per share for the year. B. Riley currently has a “Neutral” rating and a $12.00 price objective on the stock. The consensus estimate for Snap’s current full-year earnings is ($0.47) per share.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.25 billion. Snap had a negative return on equity of 35.63% and a negative net margin of 18.49%.

SNAP has been the subject of a number of other research reports. Argus upgraded shares of Snap to a “hold” rating in a research note on Thursday, August 8th. Canaccord Genuity Group raised their price target on shares of Snap from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Wednesday. Roth Mkm reiterated a “neutral” rating and issued a $14.00 price objective on shares of Snap in a research note on Wednesday, September 18th. JPMorgan Chase & Co. dropped their target price on Snap from $13.00 to $11.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Finally, UBS Group increased their price objective on Snap from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.25.

Snap Trading Down 0.8 %

Shares of Snap stock opened at $12.06 on Friday. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.74. Snap has a 1 year low of $8.29 and a 1 year high of $17.90. The company’s fifty day simple moving average is $10.06 and its 200-day simple moving average is $12.69. The company has a market cap of $20.01 billion, a price-to-earnings ratio of -20.97 and a beta of 1.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SNAP. GraniteShares Advisors LLC lifted its position in shares of Snap by 2.5% in the second quarter. GraniteShares Advisors LLC now owns 38,154 shares of the company’s stock valued at $634,000 after buying an additional 941 shares during the last quarter. Charles Schwab Investment Advisory Inc. lifted its holdings in Snap by 2.7% during the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 35,807 shares of the company’s stock valued at $411,000 after purchasing an additional 956 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Snap by 4.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 26,998 shares of the company’s stock valued at $448,000 after purchasing an additional 1,048 shares during the last quarter. DMC Group LLC boosted its position in Snap by 10.5% during the second quarter. DMC Group LLC now owns 15,583 shares of the company’s stock worth $259,000 after purchasing an additional 1,477 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Snap by 354.1% in the second quarter. Blue Trust Inc. now owns 2,157 shares of the company’s stock valued at $36,000 after purchasing an additional 1,682 shares during the last quarter. Institutional investors own 47.52% of the company’s stock.

Insider Buying and Selling

In other Snap news, CTO Robert C. Murphy sold 1,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $8.69, for a total transaction of $8,690,000.00. Following the completion of the transaction, the chief technology officer now owns 58,553,813 shares of the company’s stock, valued at $508,832,634.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Eric Young sold 114,097 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $9.11, for a total transaction of $1,039,423.67. Following the sale, the senior vice president now owns 3,041,723 shares in the company, valued at approximately $27,710,096.53. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Robert C. Murphy sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $8.69, for a total value of $8,690,000.00. Following the completion of the transaction, the chief technology officer now owns 58,553,813 shares of the company’s stock, valued at approximately $508,832,634.97. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,490,617 shares of company stock valued at $13,183,890. Company insiders own 22.68% of the company’s stock.

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.