B. Riley Predicts Snap’s FY2028 Earnings (NYSE:SNAP)

Snap Inc. (NYSE:SNAP) – Analysts at B. Riley issued their FY2028 earnings per share (EPS) estimates for shares of Snap in a research report issued to clients and investors on Wednesday, October 30th. B. Riley analyst N. Khan expects that the company will post earnings per share of $0.47 for the year. B. Riley currently has a “Neutral” rating and a $12.00 price target on the stock. The consensus estimate for Snap’s current full-year earnings is ($0.47) per share.

Several other brokerages also recently commented on SNAP. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $16.00 target price on shares of Snap in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 price objective on shares of Snap in a research note on Wednesday, September 18th. Evercore ISI boosted their price objective on Snap from $12.00 to $15.00 and gave the company an “in-line” rating in a research note on Wednesday. Argus raised Snap to a “hold” rating in a research note on Thursday, August 8th. Finally, Piper Sandler reissued a “neutral” rating and issued a $13.00 price objective (up from $12.00) on shares of Snap in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Snap has an average rating of “Hold” and a consensus target price of $14.25.

Snap Stock Up 3.0 %

Shares of SNAP opened at $12.53 on Friday. The company has a market capitalization of $20.79 billion, a PE ratio of -21.60 and a beta of 0.99. Snap has a 12 month low of $8.29 and a 12 month high of $17.90. The stock’s 50-day moving average price is $10.18 and its two-hundred day moving average price is $12.70. The company has a current ratio of 4.04, a quick ratio of 3.98 and a debt-to-equity ratio of 1.63.

Snap (NYSE:SNAP) last announced its earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Snap had a negative return on equity of 35.60% and a negative net margin of 18.49%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.21) EPS.

Hedge Funds Weigh In On Snap

Institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Snap in the third quarter valued at approximately $29,000. Paladin Wealth LLC purchased a new position in Snap in the third quarter valued at approximately $30,000. Hollencrest Capital Management purchased a new position in Snap in the second quarter valued at approximately $33,000. Blue Trust Inc. lifted its stake in Snap by 354.1% in the second quarter. Blue Trust Inc. now owns 2,157 shares of the company’s stock valued at $36,000 after purchasing an additional 1,682 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in Snap in the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 47.52% of the company’s stock.

Insider Transactions at Snap

In other news, CTO Robert C. Murphy sold 1,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $8.69, for a total value of $8,690,000.00. Following the transaction, the chief technology officer now owns 58,553,813 shares in the company, valued at $508,832,634.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Evan Spiegel sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $8.85, for a total value of $1,327,500.00. Following the transaction, the chief executive officer now owns 3,327,844 shares in the company, valued at $29,451,419.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Robert C. Murphy sold 1,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $8.69, for a total value of $8,690,000.00. Following the completion of the transaction, the chief technology officer now owns 58,553,813 shares in the company, valued at approximately $508,832,634.97. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,497,051 shares of company stock worth $13,261,098 in the last 90 days. Insiders own 22.68% of the company’s stock.

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.