Snap (NYSE:SNAP) Price Target Lowered to $6.40 at Rosenblatt Securities

Snap (NYSE:SNAP) had its target price trimmed by Rosenblatt Securities from $9.50 to $6.40 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also commented on SNAP. Stifel Nicolaus set a $7.00 price target on shares of Snap in a research report on Thursday, November 6th. BNP Paribas Exane initiated coverage on Snap in a research note on Wednesday, January 14th. They issued a “strong sell” rating for the company. New Street Research cut Snap from a “buy” rating to a “neutral” rating in a report on Tuesday, October 28th. Cantor Fitzgerald raised their price objective on Snap from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Finally, Bank of America upgraded Snap from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Snap has a consensus rating of “Reduce” and an average target price of $8.61.

Snap Stock Down 13.1%

Shares of SNAP stock opened at $5.14 on Thursday. Snap has a twelve month low of $5.10 and a twelve month high of $11.26. The stock has a market cap of $8.83 billion, a P/E ratio of -19.02 and a beta of 0.83. The stock has a 50 day moving average of $7.63 and a 200 day moving average of $7.87. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 1.57.

Snap (NYSE:SNAP) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Snap had a negative return on equity of 20.91% and a negative net margin of 7.76%.The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 EPS. As a group, sell-side analysts expect that Snap will post -0.3 EPS for the current year.

Insider Transactions at Snap

In other Snap news, CAO Rebecca Morrow sold 3,783 shares of Snap stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $7.34, for a total transaction of $27,767.22. Following the sale, the chief accounting officer owned 483,181 shares of the company’s stock, valued at $3,546,548.54. The trade was a 0.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Derek Andersen sold 23,715 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $7.83, for a total transaction of $185,688.45. Following the completion of the sale, the chief financial officer owned 2,972,051 shares of the company’s stock, valued at $23,271,159.33. This trade represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 393,341 shares of company stock valued at $3,169,210. Insiders own 22.68% of the company’s stock.

Institutional Investors Weigh In On Snap

A number of large investors have recently made changes to their positions in SNAP. Alyeska Investment Group L.P. purchased a new stake in Snap in the 3rd quarter valued at $176,697,000. Junto Capital Management LP acquired a new position in shares of Snap during the 3rd quarter valued at about $29,071,000. Voloridge Investment Management LLC grew its holdings in shares of Snap by 53.3% in the third quarter. Voloridge Investment Management LLC now owns 10,300,911 shares of the company’s stock valued at $79,420,000 after purchasing an additional 3,582,223 shares during the period. Assenagon Asset Management S.A. increased its position in Snap by 537.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,150,134 shares of the company’s stock worth $33,492,000 after purchasing an additional 3,499,578 shares during the last quarter. Finally, Holocene Advisors LP increased its position in Snap by 895.9% during the third quarter. Holocene Advisors LP now owns 3,560,234 shares of the company’s stock worth $27,449,000 after purchasing an additional 3,202,737 shares during the last quarter. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

Snap News Summary

Here are the key news stories impacting Snap this week:

• Positive Sentiment: Q4 revenue and profit highlights — Snap reported ~10% revenue growth and a meaningful rise in net income, and management said margins are improving as the company pivots toward more profitable growth. Business Wire: Q4 Results
• Positive Sentiment: Selected analyst upgrades/support — B. Riley upgraded SNAP to Buy after the print, and Bank of America raised its rating to Buy with a $10 target, showing some pockets of optimism among buy‑side analysts.
• Neutral Sentiment: Management actions and filings — Snap filed its 10‑K and emphasized strategic shifts (AI in ads, subscription and hardware focus), providing more disclosure but no immediate reassurance on near‑term top‑line momentum. 10‑K Filing
• Neutral Sentiment: Unusual options and volume — Heavy options activity (large call buying) and elevated share turnover suggest speculative positioning amplified the move after the print.
• Negative Sentiment: Weaker near‑term guide — Snap’s Q1 revenue guide came in below Street expectations, and management excluded potential Perplexity AI sales from guidance because rollout terms aren’t finalized, raising uncertainty about near‑term ad monetization. WSJ: Perplexity Deal Delayed
• Negative Sentiment: User metrics and technical weakness — Daily active users fell ~3M in Q4 and several reports note Snap lost a key technical support level, which can trigger further selling pressure from momentum/quant strategies. Invezz: User Growth and Support Break
• Negative Sentiment: Broad analyst downgrades / price‑target cuts — Dozens of firms cut targets or trimmed ratings after the print (examples: Evercore, JPMorgan, TD Cowen, Cantor, Wells Fargo and others), and the consensus analyst stance has shifted to a “Reduce”/hold bias, increasing selling pressure. The Fly: Evercore PT Cut
• Negative Sentiment: Market takeaway — Despite pockets of positive data (revenue beat, margin improvement), the combination of soft near‑term guidance, slowing user growth and a cascade of analyst target cuts explains why investors sold SNAP shares and pushed the stock lower today.

Snap Company Profile

Snap Inc is a camera and social media company best known for developing and operating Snapchat, a multimedia messaging application that allows users to send photos, videos and messages that disappear after being viewed. In addition to its core messaging service, Snap offers a suite of augmented reality (AR) tools, including custom Lenses and Filters, that enable users and third-party developers to create interactive and immersive experiences. The company also provides advertising solutions that allow brands to engage audiences through Snap Ads, Sponsored Lenses and Discover content on the platform.

Founded in 2011 by Evan Spiegel and Bobby Murphy, Snap has continually focused on innovation in camera technology and AR.