192,312 Shares in Snap Inc. $SNAP Acquired by Nuveen LLC

Nuveen LLC acquired a new stake in shares of Snap Inc. (NYSE:SNAP) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 192,312 shares of the company’s stock, valued at approximately $1,675,000.

A number of other large investors have also made changes to their positions in the company. Virtu Financial LLC lifted its holdings in Snap by 117.8% during the first quarter. Virtu Financial LLC now owns 154,627 shares of the company’s stock worth $1,347,000 after acquiring an additional 83,620 shares in the last quarter. Entropy Technologies LP acquired a new stake in Snap in the 1st quarter valued at approximately $683,000. Riverpark Capital Management LLC lifted its stake in Snap by 34.5% in the 1st quarter. Riverpark Capital Management LLC now owns 65,175 shares of the company’s stock valued at $568,000 after acquiring an additional 16,718 shares in the last quarter. National Bank of Canada FI lifted its stake in Snap by 23.3% in the 1st quarter. National Bank of Canada FI now owns 25,032 shares of the company’s stock valued at $218,000 after acquiring an additional 4,730 shares in the last quarter. Finally, Swiss National Bank boosted its position in Snap by 1.1% during the 1st quarter. Swiss National Bank now owns 3,009,800 shares of the company’s stock worth $26,215,000 after acquiring an additional 32,300 shares during the last quarter. Institutional investors own 47.52% of the company’s stock.

Insider Buying and Selling at Snap

In related news, insider Ajit Mohan sold 184,287 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $7.18, for a total transaction of $1,323,180.66. Following the completion of the transaction, the insider owned 5,492,006 shares of the company’s stock, valued at approximately $39,432,603.08. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Derek Andersen sold 60,966 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.17, for a total transaction of $437,126.22. Following the sale, the chief financial officer directly owned 3,143,452 shares in the company, valued at $22,538,550.84. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,510,644 shares of company stock worth $11,688,447 over the last three months. Company insiders own 22.68% of the company’s stock.

Snap Stock Up 0.6%

Snap stock opened at $7.14 on Friday. The stock has a market cap of $12.07 billion, a PE ratio of -22.33 and a beta of 0.62. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.88 and a current ratio of 3.88. The firm’s 50-day simple moving average is $8.55 and its 200 day simple moving average is $8.70. Snap Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $13.28.

Snap (NYSE:SNAP) last announced its earnings results on Tuesday, August 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.16). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.The business’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) EPS. Snap has set its Q3 2025 guidance at EPS. Research analysts predict that Snap Inc. will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

SNAP has been the subject of several recent research reports. Guggenheim reduced their price target on Snap from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Morgan Stanley boosted their price target on Snap from $6.50 to $8.50 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Rosenblatt Securities lowered their price target on Snap from $9.00 to $8.70 and set a “neutral” rating for the company in a report on Wednesday, August 6th. TD Cowen raised their target price on shares of Snap from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, July 15th. Finally, JMP Securities reiterated a “market perform” rating on shares of Snap in a report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.16.

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.