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NYSE:SNAP

Snap (SNAP) Stock Price, News & Analysis

$15.64
-0.79 (-4.81%)
(As of 05/21/2024 ET)
Today's Range
$15.52
$16.25
50-Day Range
$10.34
$17.13
52-Week Range
$8.28
$17.90
Volume
19.97 million shs
Average Volume
31.68 million shs
Market Capitalization
$25.67 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.79

Snap MarketRank™ Stock Analysis

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
5.4% Downside
$14.79 Price Target
Short Interest
Healthy
6.73% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.61mentions of Snap in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$21.26 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.46) to ($0.28) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.73 out of 5 stars

Computer And Technology Sector

454th out of 590 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

38th out of 54 stocks

SNAP stock logo

About Snap Stock (NYSE:SNAP)

Snap Inc. is a social media company operating globally. The company was founded in September 2011 by Evan Spiegel and Bobby Murphy. Originally known as Snapchat, the company changed its name to Snap in order to represent its offerings better as it grew over the years. The company’s headquarters are in Santa Monica, California and it is a very tightly held company. The original founders, Evan Speigel and Bobby Murphy own a combined 45% of non-dilutable shares with ownership transferable to the other upon death. The two remain active in the company today serving on the board and acting as CEO (Speigel) and CTO (Murphy).

The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California. Over the years it has been courted by most of the big tech companies including Facebook and Google but has always opted to remain a standalone company. The business went public in 2017 and raised $30 billion on its opening day which is about 10 times the expected amount.

Today, Snap operates as a camera company internationally. The company’s main revenue streams are Snapchat, a mobile app for cameras and communications, and Spectacles, a wearable augmented reality device. Snapchat is a camera app that allows users to take pictures and tell stories, the platform also permits ad sales which is an integral part of the revenue and earnings. The company’s mission? To empower people to express themselves in today’s digital world.

Spectacles is a hardware device that can connect with Snapchat to deliver pictures and video from a point-of-view perspective. The company has since made three upgrades to the original version and has a Next Generation model available too. The Next Generation of Spectacles are not intended for sale but will be made available to creators who wish to push the boundaries of video and digital communications.

In October 2022 the company reported it had more than 347milion daily active users with more than 250 million engaging with AR each day. The platform had more than 250,000 Lens creators (Lenses are AR experiences) with more than 2.5 million lenses created. There were more than 6 billion lens plays each day and more than 75% of 13-34-year-olds in 20 countries were users.

SNAP Stock Price History

SNAP Stock News Headlines

Snap Crackles and Pops on Surprise Profit and Raised Guidance
Snap Inc. NYSE: SNAP investors are rejoicing after the company reported a surprise profit in its Q1 2024 earnings report. The company also raised its outlook for Q2 2024 as a cherry on top.
Snap Inc. (NYSE:SNAP) SVP Eric Young Sells 115,915 Shares of Stock
Snap Inc. (NYSE:SNAP) Given Consensus Rating of "Hold" by Analysts
Derek Andersen Sells 26,682 Shares of Snap Inc. (NYSE:SNAP) Stock
Short Interest in Snap Inc. (NYSE:SNAP) Declines By 15.6%
Why Snap Stock Was Sliding Today
Why Snap Stock Soared 31% Last Month
See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Today
5/21/2024
Next Earnings (Estimated)
7/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Fax
N/A
Employees
5,289
Year Founded
2011

Price Target and Rating

Average Stock Price Target
$14.79
High Stock Price Target
$23.00
Low Stock Price Target
$7.50
Potential Upside/Downside
-8.1%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
26 Analysts

Profitability

Net Income
$-1,322,480,000.00
Pretax Margin
-26.41%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Book Value
$1.47 per share

Miscellaneous

Outstanding Shares
1,641,040,000
Free Float
N/A
Market Cap
$26.40 billion
Optionable
Optionable
Beta
1.02

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SNAP Stock Analysis - Frequently Asked Questions

Should I buy or sell Snap stock right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 2 sell ratings, 15 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SNAP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SNAP, but not buy additional shares or sell existing shares.
View SNAP analyst ratings
or view top-rated stocks.

What is Snap's stock price target for 2024?

26 brokers have issued twelve-month price objectives for Snap's stock. Their SNAP share price targets range from $7.50 to $23.00. On average, they predict the company's stock price to reach $14.79 in the next twelve months. This suggests that the stock has a possible downside of 5.4%.
View analysts price targets for SNAP
or view top-rated stocks among Wall Street analysts.

How have SNAP shares performed in 2024?

Snap's stock was trading at $16.93 at the beginning of 2024. Since then, SNAP stock has decreased by 7.6% and is now trading at $15.64.
View the best growth stocks for 2024 here
.

Are investors shorting Snap?

Snap saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 70,030,000 shares, a decrease of 15.6% from the April 15th total of 82,950,000 shares. Based on an average daily volume of 34,800,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 6.7% of the shares of the stock are sold short.
View Snap's Short Interest
.

When is Snap's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our SNAP earnings forecast
.

How were Snap's earnings last quarter?

Snap Inc. (NYSE:SNAP) issued its quarterly earnings results on Thursday, April, 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.10. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.12 billion. Snap had a negative trailing twelve-month return on equity of 46.62% and a negative net margin of 26.99%.

What guidance has Snap issued on next quarter's earnings?

Snap issued an update on its second quarter 2024 earnings guidance on Thursday, April, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.1 billion.

What is Evan Spiegel's approval rating as Snap's CEO?

184 employees have rated Snap Chief Executive Officer Evan Spiegel on Glassdoor.com. Evan Spiegel has an approval rating of 79% among the company's employees.

What other stocks do shareholders of Snap own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Snap investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), Tesla (TSLA), Netflix (NFLX), Intel (INTC), Micron Technology (MU), Twitter (TWTR), Bank of America (BAC) and Walt Disney (DIS).

When did Snap IPO?

Snap (SNAP) raised $3 billion in an IPO on Thursday, March 2nd 2017. The company issued 200,000,000 shares at $14.00-$16.00 per share. Morgan Stanley, Goldman Sachs, J. P. Morgan and Deutsche Bank Securities acted as the underwriters for the IPO and Barclays, Credit Suisse and Allen & Company were co-managers.

Who are Snap's major shareholders?

Snap's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.86%), Capital World Investors (2.82%), Ossiam (0.69%), TB Alternative Assets Ltd. (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.22%) and Swiss National Bank (0.19%). Insiders that own company stock include Derek Andersen, Eric Young, Evan Spiegel, Jeremi Gorman, Jerry James Hunter, Joanna Coles, Michael J O'sullivan, Michael J O'sullivan, Michael Lynton, Michael Waterman, Poppy Thorpe, Rebecca Morrow and Robert C Murphy.
View institutional ownership trends
.

How do I buy shares of Snap?

Shares of SNAP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Snap have any subsidiaries?
The following companies are subsidiares of Snap: AIFactory, AddLive, Bitstrips, Cimagine Media, Ctrl Me Robotics, Flite, Looksery, Metamarkets, Placed Inc., PlayCanvas, Scan, Seene, Snap Aus Pty Ltd, Snap Group Limited, Snap Group SAS, Snap Intermediate Inc., Snap International I Limited, Snap International II Limited, Snap LLC, Strong.codes, Teleport Future Technologies Inc., Vergence Labs, Voisey, Vurb, and Zenly.
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This page (NYSE:SNAP) was last updated on 5/21/2024 by MarketBeat.com Staff

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