Snap Inc. $SNAP Position Boosted by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its holdings in shares of Snap Inc. (NYSE:SNAP) by 4.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 213,264 shares of the company’s stock after purchasing an additional 9,833 shares during the period. IFM Investors Pty Ltd’s holdings in Snap were worth $1,853,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SNAP. NBC Securities Inc. boosted its position in shares of Snap by 154,650.0% during the 1st quarter. NBC Securities Inc. now owns 3,095 shares of the company’s stock valued at $26,000 after purchasing an additional 3,093 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Snap by 155.4% in the first quarter. Rakuten Securities Inc. now owns 3,489 shares of the company’s stock worth $30,000 after buying an additional 2,123 shares during the period. Quarry LP acquired a new position in shares of Snap in the first quarter worth about $34,000. Itau Unibanco Holding S.A. acquired a new position in shares of Snap in the first quarter worth about $35,000. Finally, Wealth Preservation Advisors LLC acquired a new position in shares of Snap in the first quarter worth about $44,000. Institutional investors own 47.52% of the company’s stock.

Insiders Place Their Bets

In other Snap news, CFO Derek Andersen sold 33,871 shares of Snap stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $7.56, for a total transaction of $256,064.76. Following the sale, the chief financial officer owned 3,109,581 shares in the company, valued at $23,508,432.36. The trade was a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Michael J. O’sullivan sold 14,290 shares of Snap stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $7.58, for a total transaction of $108,318.20. Following the sale, the general counsel owned 1,939,064 shares in the company, valued at $14,698,105.12. This represents a 0.73% 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 valued at $11,650,269 in the last 90 days.

Snap Trading Up 4.6%

Shares of Snap stock opened at $8.54 on Tuesday. The company’s fifty day simple moving average is $8.11 and its 200-day simple moving average is $8.38. The company has a market cap of $14.42 billion, a price-to-earnings ratio of -26.67 and a beta of 0.62. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.73. Snap Inc. has a 1 year low of $6.90 and a 1 year high of $13.28.

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

Analyst Ratings Changes

Several brokerages have commented on SNAP. BMO Capital Markets decreased their target price on shares of Snap from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, August 6th. Bank of America decreased their target price on shares of Snap from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Rosenblatt Securities decreased their target price on shares of Snap from $9.00 to $8.70 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Truist Financial decreased their target price on shares of Snap from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, August 6th. Finally, Citizens Jmp reissued a “market perform” rating on shares of Snap in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Snap presently has a consensus rating of “Hold” and an average target price of $35.84.

Snap 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.