DekaBank Deutsche Girozentrale Purchases 8,568 Shares of Snap Inc. $SNAP

DekaBank Deutsche Girozentrale increased its position in shares of Snap Inc. (NYSE:SNAP) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,790 shares of the company’s stock after purchasing an additional 8,568 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Snap were worth $1,768,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC grew its position in Snap by 169.9% in the second quarter. Signaturefd LLC now owns 2,942 shares of the company’s stock valued at $26,000 after acquiring an additional 1,852 shares during the period. Quarry LP bought a new stake in Snap in the first quarter valued at $34,000. Itau Unibanco Holding S.A. bought a new stake in Snap in the first quarter valued at $35,000. Wealth Preservation Advisors LLC bought a new stake in Snap in the first quarter valued at $44,000. Finally, Olde Wealth Management LLC bought a new stake in Snap in the first quarter valued at $52,000. 47.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Snap news, CTO Robert C. Murphy sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $7.80, for a total transaction of $7,800,000.00. Following the transaction, the chief technology officer owned 53,215,224 shares in the company, valued at approximately $415,078,747.20. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ajit Mohan sold 184,287 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $7.18, for a total value of $1,323,180.66. Following the transaction, the insider owned 5,492,006 shares in the company, 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 1,510,569 shares of company stock worth $11,585,883 in the last ninety days. 22.68% of the stock is currently owned by corporate insiders.

Snap Price Performance

Snap stock opened at $7.94 on Friday. The business’s 50-day simple moving average is $7.71 and its 200 day simple moving average is $8.27. The stock has a market cap of $13.41 billion, a price-to-earnings ratio of -24.80 and a beta of 0.71. Snap Inc. has a 12-month low of $6.90 and a 12-month high of $13.28. 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 (NYSE:SNAP) last posted its quarterly 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 business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.15) earnings per share. Snap has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Snap Inc. will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Zacks Research cut Snap from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 20th. Wells Fargo & Company increased their target price on Snap from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Snap in a report on Friday. Morgan Stanley decreased their target price on Snap from $8.50 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, October 20th. Finally, Sanford C. Bernstein increased their target price on Snap from $9.00 to $10.00 and gave the stock a “market perform” rating in a report on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $34.57.

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.