What is B. Riley’s Estimate for Snap FY2028 Earnings?

Snap Inc. (NYSE:SNAP) – Equities research analysts at B. Riley issued their FY2028 EPS estimates for Snap in a research note issued on Wednesday, October 30th. B. Riley analyst N. Khan anticipates that the company will earn $0.47 per share for the year. B. Riley has a “Neutral” rating and a $12.00 price objective on the stock. The consensus estimate for Snap’s current full-year earnings is ($0.47) per share.

A number of other analysts have also weighed in on the company. Argus raised Snap to a “hold” rating in a research report on Thursday, August 8th. Canaccord Genuity Group upped their price objective on Snap from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Wednesday. Bank of America upped their price objective on Snap from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday. Benchmark reaffirmed a “hold” rating on shares of Snap in a research report on Friday, October 25th. Finally, Hsbc Global Res lowered Snap from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Snap currently has an average rating of “Hold” and an average target price of $14.25.

Snap Stock Up 3.0 %

Shares of NYSE SNAP opened at $12.53 on Friday. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of -21.60 and a beta of 1.01. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.74. Snap has a 52-week low of $8.29 and a 52-week high of $17.90. The business’s 50 day moving average is $10.12 and its two-hundred day moving average is $12.69.

Snap (NYSE:SNAP) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. Snap had a negative net margin of 18.49% and a negative return on equity of 35.63%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.25 billion.

Insider Buying and Selling at Snap

In other Snap news, SVP Eric Young sold 114,097 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $9.11, for a total value of $1,039,423.67. Following the completion of the transaction, the senior vice president now owns 3,041,723 shares in the company, valued at $27,710,096.53. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Eric Young sold 114,097 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $9.11, for a total transaction of $1,039,423.67. Following the completion of the sale, the senior vice president now owns 3,041,723 shares in the company, valued at approximately $27,710,096.53. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan Spiegel sold 150,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $8.85, for a total transaction of $1,327,500.00. Following the sale, the chief executive officer now owns 3,327,844 shares of the company’s stock, valued at $29,451,419.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,497,051 shares of company stock worth $13,261,098 over the last 90 days. Corporate insiders own 22.68% of the company’s stock.

Institutional Investors Weigh In On Snap

Hedge funds have recently made changes to their positions in the business. Hollencrest Capital Management acquired a new stake in shares of Snap during the second quarter worth about $33,000. Blue Trust Inc. raised its holdings in Snap by 354.1% during the second quarter. Blue Trust Inc. now owns 2,157 shares of the company’s stock worth $36,000 after purchasing an additional 1,682 shares in the last quarter. Rothschild Investment LLC purchased a new position in Snap during the second quarter worth about $40,000. V Square Quantitative Management LLC purchased a new position in Snap during the third quarter worth about $29,000. Finally, Paladin Wealth LLC purchased a new position in Snap during the third quarter worth about $30,000. Institutional investors and hedge funds own 47.52% 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.