Key Points
- Snap CTO Robert Murphy sold 343,945 shares on May 29 at an average price of $5.88, totaling about $2.0 million. After the sale, he still held 4,963,581 shares, a 6.48% reduction in his position.
- Snap stock slipped 1.6% and was trading around $5.77, far below its 52-week high of $10.41. The company also has a negative trailing P/E and remains below its 200-day moving average.
- Analysts remain cautious overall, with Snap carrying an average “Hold” rating and a consensus price target of $7.91. Recent research notes included several rating cuts, even though Zacks raised some longer-term EPS estimates.
Snap Inc. (NYSE:SNAP - Get Free Report) CTO Robert Murphy sold 343,945 shares of the business's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $5.88, for a total value of $2,022,396.60. Following the completion of the sale, the chief technology officer directly owned 4,963,581 shares in the company, valued at $29,185,856.28. This represents a 6.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Snap Stock Down 1.6%
SNAP opened at $5.77 on Wednesday. Snap Inc. has a one year low of $3.81 and a one year high of $10.41. The company has a debt-to-equity ratio of 1.67, a quick ratio of 3.53 and a current ratio of 3.53. The stock's fifty day moving average is $5.39 and its 200-day moving average is $6.32. The company has a market capitalization of $9.74 billion, a PE ratio of -24.02 and a beta of 1.03.
Snap (NYSE:SNAP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.14). Snap had a negative return on equity of 18.92% and a negative net margin of 6.72%.The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm posted ($0.08) EPS. The firm's quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts predict that Snap Inc. will post -0.06 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Piper Sandler reissued a "neutral" rating on shares of Snap in a research note on Thursday, February 5th. The Goldman Sachs Group cut their price objective on Snap from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, May 7th. Freedom Capital downgraded Snap from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 12th. Cantor Fitzgerald cut their price objective on Snap from $9.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, February 5th. Finally, Wall Street Zen lowered Snap from a "buy" rating to a "hold" rating in a research report on Sunday, May 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Snap currently has an average rating of "Hold" and an average target price of $7.91.
View Our Latest Report on SNAP
Snap News Summary
Here are the key news stories impacting Snap this week:
- Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for Snap, implying the company may lose less money than previously expected. The firm also lifted its Q1 2027 and Q4 2027 EPS estimates, which suggests improving profitability in some periods. Source report
- Positive Sentiment: Zacks also increased its Q1 2028 EPS forecast for Snap, signaling a slightly better long-term earnings trajectory versus its prior view. Source report
- Neutral Sentiment: The company still faces a weak earnings outlook overall, with Zacks projecting losses in multiple upcoming quarters and full years, including FY2027 and FY2028. That keeps expectations cautious even after a few upward revisions. Source report
- Negative Sentiment: Zacks cut its Q3 2026, Q2 2027, and FY2027 EPS estimates, indicating analysts still see near- and medium-term profitability pressure for Snap. Source report
- Negative Sentiment: The stock also continues to trade against a backdrop of prior earnings weakness, with Snap having recently missed EPS expectations even as revenue met estimates, which can limit investor enthusiasm. Stock page
Institutional Investors Weigh In On Snap
A number of institutional investors and hedge funds have recently modified their holdings of SNAP. Allworth Financial LP raised its position in shares of Snap by 92.3% during the third quarter. Allworth Financial LP now owns 3,293 shares of the company's stock worth $25,000 after purchasing an additional 1,581 shares during the period. Oak Harvest Investment Services acquired a new stake in shares of Snap during the fourth quarter worth $26,000. Arax Advisory Partners raised its position in shares of Snap by 220.0% during the fourth quarter. Arax Advisory Partners now owns 3,309 shares of the company's stock worth $27,000 after purchasing an additional 2,275 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Snap during the fourth quarter worth $29,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Snap by 561.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,618 shares of the company's stock worth $29,000 after purchasing an additional 3,071 shares during the period. 47.52% of the stock is owned by institutional investors and hedge funds.
Snap Company Profile
(
Get Free Report)
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.
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