S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
NYSE:SNAP

Snap (SNAP) Stock Price, News & Analysis

$11.16
-0.47 (-4.04%)
(As of 04/19/2024 ET)
Today's Range
$11.12
$11.88
50-Day Range
$10.34
$12.39
52-Week Range
$7.86
$17.90
Volume
30.41 million shs
Average Volume
20.79 million shs
Market Capitalization
$18.42 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.86

Snap MarketRank™ Stock Analysis

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
24.2% Upside
$13.86 Price Target
Short Interest
Bearish
7.82% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.10mentions of Snap in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$5.28 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.

1.83 out of 5 stars

Computer And Technology Sector

449th out of 586 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

42nd out of 58 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
Biden replacement revealed?
A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.
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
Why Snap Stock Was Gaining Today
Snap Sees Unusually High Options Volume (NYSE:SNAP)
Biden replacement revealed?
A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.
Snap (SNAP) Scheduled to Post Quarterly Earnings on Thursday
3 Water Stocks to Snap Up Before the Next Shortage
Is Snap Stock a Buy?
3 Social Media Stocks Trading Below Their Worth
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
4/21/2024
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
$13.86
High Stock Price Target
$23.00
Low Stock Price Target
$7.50
Potential Upside/Downside
+24.2%
Consensus Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
20 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
1,276,269,000
Market Cap
$18.42 billion
Optionable
Optionable
Beta
1.13

Social Links

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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?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 3 sell ratings, 11 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?

20 equities research analysts have issued 1-year price objectives for Snap's stock. Their SNAP share price targets range from $7.50 to $23.00. On average, they anticipate the company's stock price to reach $13.86 in the next year. This suggests a possible upside of 24.2% 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 shares have decreased by 34.1% and is now trading at $11.16.
View the best growth stocks for 2024 here
.

Are investors shorting Snap?

Snap saw a increase in short interest during the month of 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 daily trading volume, of 29,700,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 7.8% of the company's stock are short sold.
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) posted its 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 business earned $1.36 billion during the quarter, compared to analysts' expectations 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 issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share 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 (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 many different institutional and retail investors. Top institutional shareholders include TB Alternative Assets Ltd. (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), IMC Chicago LLC (0.00%), Curated Wealth Partners LLC (0.00%), Campbell Capital Management Inc. (0.01%) and SteelPeak Wealth LLC (0.01%). 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 4/21/2024 by MarketBeat.com Staff

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