S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead

Snap (SNAP) Stock Price, News & Analysis

$10.34
-0.51 (-4.70%)
(As of 04/15/2024 ET)
Today's Range
$10.27
$10.86
50-Day Range
$10.34
$17.46
52-Week Range
$7.86
$17.90
Volume
24.58 million shs
Average Volume
29.12 million shs
Market Capitalization
$17.06 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.70

Snap MarketRank™ Stock Analysis

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
32.5% Upside
$13.70 Price Target
Short Interest
Bearish
7.82% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.76mentions of Snap in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$5.29 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.58) to ($0.36) 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.

3.11 out of 5 stars

Computer And Technology Sector

288th out of 593 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

24th out of 59 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

Two tribal nations sue social media companies over Native youth suicides
Two tribal nations are accusing social media companies of contributing to high rates of suicides that disproportionately affect Native American youth
Could Bitcoin Literally FORCE This Crypto To Rocket Up?
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
4 Canadian school boards sue Snapchat, TikTok and Meta for disrupting students' education
Four of the largest school boards in the Canadian province of Ontario have launched lawsuits against TikTok, Meta and SnapChat alleging the social media platforms are disrupting student learning
3 Water Stocks to Snap Up Before the Next Shortage
Could Bitcoin Literally FORCE This Crypto To Rocket Up?
Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
Is Snap Stock a Buy?
3 Social Media Stocks Trading Below Their Worth
Meta, Snapchat and TikTok sued by Ontario schools
Snap: 7 Million Reasons To Buy The Dip
Why Snap (NYSE:SNAP) Could Become a Penny Stock
Is AI Mania Waning? 3 Stocks to Sell Now.
See More Headlines
Receive SNAP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Snap and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/06/2024
Today
4/15/2024
Next Earnings (Confirmed)
4/25/2024
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
$13.70
High Stock Price Target
$23.00
Low Stock Price Target
$7.50
Potential Upside/Downside
+32.6%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
21 Analysts

Profitability

Net Income
$-1,322,480,000.00
Pretax Margin
-28.10%

Debt

Sales & Book Value

Annual Sales
$4.61 billion
Book Value
$1.47 per share

Miscellaneous

Outstanding Shares
1,650,630,000
Free Float
N/A
Market Cap
$17.05 billion
Optionable
Optionable
Beta
1.13

Social Links

7 Energy Stocks to Buy and Hold Forever Cover

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

Should I Buy Snap Stock? SNAP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Snap Inc.:

  • Snap Inc. operates as a technology company offering innovative products like Snapchat and Spectacles, catering to a tech-savvy audience.
  • The company provides various advertising products, including AR ads and Snap ads, which can potentially drive revenue growth.
  • Recent developments in Snap Inc.'s offerings, such as new features on Snapchat, have shown promising user engagement, indicating potential for increased user base and market share.
  • With a focus on visual messaging and unique content formats, Snap Inc. has been able to differentiate itself in the competitive tech industry.
  • Considering the current stock price and market trends, Snap Inc. may present a growth opportunity for investors looking to capitalize on the company's potential.

Cons

Investors should be bearish about investing in Snap Inc. for these reasons:

  • Despite its innovative products, Snap Inc. faces intense competition from tech giants, which could impact its market position and profitability.
  • The tech industry is known for rapid changes and evolving trends, posing a risk to Snap Inc.'s long-term sustainability and growth prospects.
  • Fluctuations in user engagement and retention rates on Snapchat could affect the company's advertising revenue and overall financial performance.
  • Investing in Snap Inc. involves inherent volatility due to the nature of the tech sector, which may not align with risk-averse investors' strategies.
  • Market uncertainties and macroeconomic factors could influence Snap Inc.'s stock performance, requiring investors to closely monitor external conditions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Snap pros and cons to contact@marketbeat.com.

SNAP Stock Analysis - Frequently Asked Questions

Should I buy or sell Snap stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 3 sell ratings, 12 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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?

21 Wall Street research analysts have issued 12-month price targets for Snap's shares. Their SNAP share price targets range from $7.50 to $23.00. On average, they anticipate the company's share price to reach $13.70 in the next twelve months. This suggests a possible upside of 32.5% from the stock's current price.
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 the year. Since then, SNAP stock has decreased by 39.0% and is now trading at $10.3350.
View the best growth stocks for 2024 here
.

Are investors shorting Snap?

Snap saw a increase in short interest in March. As of March 31st, there was short interest totaling 81,330,000 shares, an increase of 43.9% from the March 15th total of 56,520,000 shares. Based on an average trading volume of 29,700,000 shares, the short-interest ratio is currently 2.7 days. Approximately 7.8% of the company's 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 Thursday, April 25th 2024.
View our SNAP earnings forecast
.

How can I listen to Snap's earnings call?

Snap will be holding an earnings conference call on Thursday, April 25th at 5:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Snap's earnings last quarter?

Snap Inc. (NYSE:SNAP) released its quarterly earnings results on Tuesday, February, 6th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.04. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.39 billion. Snap had a negative net margin of 28.71% and a negative trailing twelve-month return on equity of 47.47%.

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

Snap updated its first quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 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 initial public offering 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 served 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 variety of institutional and retail investors. Top institutional investors include TB Alternative Assets Ltd. (0.31%), IMC Chicago LLC (0.00%), Curated Wealth Partners LLC (0.00%), Campbell Capital Management Inc. (0.01%), Salem Investment Counselors Inc. (0.00%) and Perpetual Ltd (0.00%). 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, Robert C Murphy 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.
Read More
This page (NYSE:SNAP) was last updated on 4/15/2024 by MarketBeat.com Staff

From Our Partners