Mizuho Securities Reaffirms Their Hold Rating on Snap (SNAP)

In a report released today, Lloyd Walmsley from Mizuho Securities maintained a Hold rating on Snap, with a price target of $6.00.

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Walmsley covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Snap. According to TipRanks, Walmsley has an average return of 25.0% and a 64.14% success rate on recommended stocks.

In addition to Mizuho Securities, Snap also received a Hold from Citi’s Ronald Josey in a report issued on April 16. However, on the same day, BMO Capital maintained a Buy rating on Snap (NYSE: SNAP).

Based on Snap’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.72 billion and a net profit of $45.21 million. In comparison, last year the company earned a revenue of $1.56 billion and had a net profit of $9.1 million

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNAP in relation to earlier this year. Earlier this month, Ajit Mohan, the CBO of SNAP sold 28,058.00 shares for a total of $168,628.58.