Snap (NYSE:SNAP) Announces Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Snap (NYSE:SNAP) announced its quarterly earnings results on Tuesday. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13), Zacks reports. Snap had a negative net margin of 18.49% and a negative return on equity of 35.60%. Snap updated its Q1 2025 guidance to EPS.

Snap Stock Up 3.9 %

Shares of NYSE SNAP opened at $11.61 on Wednesday. The business has a 50-day simple moving average of $11.52 and a two-hundred day simple moving average of $10.89. Snap has a 52 week low of $8.29 and a 52 week high of $17.50. The company has a market cap of $19.46 billion, a P/E ratio of -20.01 and a beta of 0.99. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 1.63.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SNAP shares. Stifel Nicolaus decreased their target price on shares of Snap from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Monday, October 14th. Canaccord Genuity Group increased their price objective on Snap from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 target price on shares of Snap in a research report on Monday, January 27th. Evercore ISI upped their price target on Snap from $12.00 to $15.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC restated a “buy” rating and set a $640.00 price objective on shares of Snap in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.86.

Insider Activity at Snap

In other news, General Counsel Michael J. O’sullivan sold 12,315 shares of Snap stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.54, for a total transaction of $129,800.10. Following the completion of the sale, the general counsel now directly owns 1,195,567 shares of the company’s stock, valued at approximately $12,601,276.18. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Rebecca Morrow sold 11,154 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.55, for a total value of $117,674.70. Following the completion of the transaction, the chief accounting officer now directly owns 465,064 shares in the company, valued at approximately $4,906,425.20. This represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 445,184 shares of company stock valued at $4,968,189.

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.