Snap Inc. $SNAP Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC raised its stake in Snap Inc. (NYSE:SNAP) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,290 shares of the company’s stock after purchasing an additional 2,593 shares during the quarter. Parallel Advisors LLC’s holdings in Snap were worth $298,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. AssuredPartners Investment Advisors LLC boosted its holdings in shares of Snap by 6.3% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 22,128 shares of the company’s stock valued at $193,000 after purchasing an additional 1,306 shares during the last quarter. DMC Group LLC boosted its holdings in shares of Snap by 7.2% in the 1st quarter. DMC Group LLC now owns 19,547 shares of the company’s stock valued at $170,000 after purchasing an additional 1,313 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Snap by 5.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 32,439 shares of the company’s stock valued at $283,000 after purchasing an additional 1,755 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Snap by 3.7% in the 1st quarter. EP Wealth Advisors LLC now owns 53,961 shares of the company’s stock valued at $470,000 after purchasing an additional 1,920 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in shares of Snap by 155.4% in the 1st quarter. Rakuten Securities Inc. now owns 3,489 shares of the company’s stock valued at $30,000 after purchasing an additional 2,123 shares during the last quarter. Institutional investors and hedge funds own 47.52% of the company’s stock.

Insider Activity

In other Snap news, CTO Robert C. Murphy sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $7.80, for a total value of $7,800,000.00. Following the completion of the transaction, the chief technology officer owned 53,215,224 shares in the company, valued at approximately $415,078,747.20. This represents a 1.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ajit Mohan sold 184,287 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was 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. This trade represents a 3.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,510,532 shares of company stock worth $11,650,269 in the last quarter. Company insiders own 22.68% of the company’s stock.

Snap Price Performance

Shares of NYSE:SNAP opened at $8.17 on Friday. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.73. Snap Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $13.28. The firm has a 50-day simple moving average of $8.13 and a 200 day simple moving average of $8.39. The company has a market cap of $13.81 billion, a PE ratio of -25.53 and a beta of 0.62.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SNAP shares. Evercore ISI lifted their price target on shares of Snap from $11.00 to $12.00 and gave the company an “in-line” rating in a report on Wednesday, August 6th. Bank of America decreased their price target on shares of Snap from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Guggenheim restated a “neutral” rating and set a $8.00 target price on shares of Snap in a report on Friday, September 12th. Wells Fargo & Company lifted their target price on shares of Snap from $8.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, July 1st. Finally, BMO Capital Markets reduced their target price on shares of Snap from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Snap currently has a consensus rating of “Hold” and a consensus target price of $35.84.

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.