NYSE:SNAP

Snap (SNAP) Stock Forecast, Price & News

$10.33

+0.13 (+1.27%)

(As of 06/1/2023 ET)

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Today's Range: $10.01
▼
$10.46
50-Day Range: $7.91
▼
$11.74
52-Week Range: $7.33
▼
$16.55

Volume: 16.84 million shs
Average Volume: 31.01 million shs
Market Capitalization: $16.55 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $10.44

Snap MarketRank™ Forecast

Analyst Rating: Hold
2.05 Rating Score
Upside/Downside: 1.0% Upside
$10.44 Price Target
Short Interest: Bearish
6.20% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.33
Based on 4 Articles This Week
Insider Trading: Selling Shares
$3.40 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.76) to ($0.59) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.21 out of 5 stars

Computer And Technology Sector

1169th out of 1,226 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

115th out of 120 stocks

1.0

Analyst's Opinion

Consensus Rating
Snap has received a consensus rating of Hold. The company's average rating score is 2.03, and is based on 4 buy ratings, 30 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.44, Snap has a forecasted upside of 1.0% from its current price of $10.33.
Amount of Analyst Coverage
Snap has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
6.20% of the float of Snap has been sold short.
Short Interest Ratio / Days to Cover
Snap has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Snap has recently increased by 13.96%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Snap does not currently pay a dividend.
Dividend Growth
Snap does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SNAP.

1.3

News and Social Media Coverage

News Sentiment
Snap has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.44 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Snap this week, compared to 4 articles on an average week.
Search Interest
Only 86 people have searched for SNAP on MarketBeat in the last 30 days. This is a decrease of -28% compared to the previous 30 days.
MarketBeat Follows
Only 22 people have added Snap to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Snap insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,404,745.00 in company stock.
Percentage Held by Insiders
22.68% of the stock of Snap is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
43.30% of the stock of Snap is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Snap are expected to grow in the coming year, from ($0.76) to ($0.59) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Snap is -11.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Snap is -11.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Snap has a P/B Ratio of 6.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Snap (NYSE:SNAP) Stock

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.

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SNAP Stock News Headlines

May 31, 2023 | marketbeat.com

Here’s Why Snap Stock Can Double in 2023

Social media platform Snap Inc. (NYSE: SNAP) stock has fallen to pandemic lows as it collapsed (-77%) in 2022. The fallout from advertisers pulling

May 9, 2023 | marketbeat.com

Snap Proves More DAUs Don’t Mean More Revenues

Video messaging media company Snap Inc. (NYSE: SNAP) stock was punished with a (27%) haircut after releasing its Q 2023 earnings report.

June 1, 2023 | Behind the Markets (Ad)

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May 31, 2023 | seekingalpha.com

Is Snap Stock Worth Your Attention? A Look At Its Valuation And Challenges

May 22, 2023 | investorplace.com

SNAP Stock Alert: Don’t Hold Your Breath for a Sustained Snap Rally

May 18, 2023 | investorplace.com

Snap Up These 3 Growth Stocks That Have Fallen 50% Over the Last Year

May 18, 2023 | americanbankingnews.com

Jerry James Hunter Sells 42,105 Shares of Snap Inc. (NYSE:SNAP) Stock

May 18, 2023 | americanbankingnews.com

Snap Inc. (NYSE:SNAP) COO Sells $548,120.59 in Stock

June 1, 2023 | Behind the Markets (Ad)

"Unknown laser company making HUGE profit from Russia-Ukraine War"

May 16, 2023 | investorplace.com

Buy the Dip: 3 Stocks to Snap Up After a 10% Drop

May 15, 2023 | americanbankingnews.com

Snap Inc. (NYSE:SNAP) Receives $9.93 Average Target Price from Analysts

May 6, 2023 | seekingalpha.com

Snap: Speculative Product Play With Near-Term Potential

May 4, 2023 | americanbankingnews.com

Michael J. O'sullivan Sells 13,000 Shares of Snap Inc. (NYSE:SNAP) Stock

May 2, 2023 | americanbankingnews.com

Piper Sandler Trims Snap (NYSE:SNAP) Target Price to $8.00

May 2, 2023 | americanbankingnews.com

Guggenheim Cuts Snap (NYSE:SNAP) Price Target to $9.00

May 1, 2023 | seekingalpha.com

The Snapchat 'Fad' Is Over

May 1, 2023 | americanbankingnews.com

Barclays Trims Snap (NYSE:SNAP) Target Price to $11.00

May 1, 2023 | americanbankingnews.com

Credit Suisse Group Cuts Snap (NYSE:SNAP) Price Target to $11.00

May 1, 2023 | americanbankingnews.com

Truist Financial Cuts Snap (NYSE:SNAP) Price Target to $7.00

May 1, 2023 | americanbankingnews.com

Rosenblatt Securities Cuts Snap (NYSE:SNAP) Price Target to $9.00

April 30, 2023 | americanbankingnews.com

Snap (NYSE:SNAP) Shares Gap Down Following Analyst Downgrade

April 29, 2023 | americanbankingnews.com

Snap (NYSE:SNAP) Price Target Lowered to $8.00 at Deutsche Bank Aktiengesellschaft

April 28, 2023 | finance.yahoo.com

Snap (SNAP) Q1 2023 Earnings Call Transcript

April 28, 2023 | finance.yahoo.com

Snap plunges by most in six months after posting revenue decline

April 28, 2023 | seekingalpha.com

Why Snap Stock Crashed After Q1 Earnings

April 28, 2023 | seekingalpha.com

Snap Q1 Earnings: Serious Question Marks

April 28, 2023 | americanbankingnews.com

Royal Bank of Canada Trims Snap (NYSE:SNAP) Target Price to $9.00

See More Headlines

SNAP Price History

30 days | 90 days | 365 days | Advanced Chart

SNAP Company Calendar

Last Earnings: 4/27/2023
Today: 6/01/2023
Next Earnings (Estimated): 7/20/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:SNAP
CUSIP: N/A
CIK: 1564408
Web: www.snap.com
Phone: (310) 399-3339
Fax: N/A
Employees: 5,288
Year Founded: 2011

Price Target and Rating

Average Stock Price Forecast: $10.44
High Stock Price Forecast: $25.00
Low Stock Price Forecast: $7.00
Forecasted Upside/Downside: +0.8%
Consensus Rating: Hold
Rating Score (0-4): 2.05
Research Coverage: 37 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.87)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-1,429,650,000.00
Net Margins: -30.89%
Pretax Margin: -30.29%
Return on Equity: -33.79%
Return on Assets: -11.78%

Debt

Debt-to-Equity Ratio: 1.45
Current Ratio: 4.71
Quick Ratio: 4.71

Sales & Book Value

Annual Sales: $4.60 billion
Price / Sales: 3.60
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.61 per share
Price / Book: 6.43

Miscellaneous

Outstanding Shares: 1,601,770,000
Free Float: 1,238,488,000
Market Cap: $16.58 billion
Optionable: Optionable
Beta: 1.19

Social Links

Key Executives

Evan Thomas Spiegel
Chief Executive Officer & Director

Jerry James Hunter
Chief Operating Officer

Derek Andersen
Chief Financial Officer

Robert C. Murphy
Director & Chief Technology Officer

Eitan Pilipski
Senior Vice President-Camera Platform

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SNAP Stock - Frequently Asked Questions

Should I buy or sell Snap stock right now?: 37 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 3 sell ratings, 30 hold ratings and 4 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 forecast for 2023?: 37 Wall Street research analysts have issued 1-year price objectives for Snap's shares. Their SNAP share price forecasts range from $7.00 to $25.00. On average, they predict the company's stock price to reach $10.44 in the next twelve months. This suggests a possible upside of 0.8% 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 2023?: Snap's stock was trading at $8.95 at the start of the year. Since then, SNAP stock has increased by 15.6% and is now trading at $10.35.
View the best growth stocks for 2023 here.
When is Snap's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our SNAP earnings forecast.
How were Snap's earnings last quarter?: Snap Inc. (NYSE:SNAP) released its quarterly earnings results on Thursday, April, 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.04. The company earned $988.61 million during the quarter, compared to the consensus estimate of $1.01 billion. Snap had a negative net margin of 30.89% and a negative trailing twelve-month return on equity of 33.79%.
What ETFs hold Snap's stock?: ETFs with the largest weight of Snap (NYSE:SNAP) stock in their portfolio include Global X Social Media Index ETF (SOCL), Roundhill Ball Metaverse ETF (METV), ProShares On-Demand ETF (OND), ProShares Metaverse ETF (VERS), Global X Metaverse ETF (VR), SPDR S&P Internet ETF (XWEB), First Trust Indxx Metaverse ETF (ARVR) and Fidelity Metaverse ETF (FMET).
What guidance has Snap issued on next quarter's earnings?: Snap issued an update on its second quarter 2023 earnings guidance on Friday, April, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.00 billion-$1.09 billion, compared to the consensus revenue estimate of $1.10 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) raised $3 billion in an IPO on Thursday, March 2nd 2017. The company issued 200,000,000 shares at a price of $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.
What is Snap's stock symbol?: Snap trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNAP."
Who are Snap's major shareholders?: Snap's stock is owned by many different institutional and retail investors. Top institutional investors include Two Sigma Advisers LP (1.54%), Two Sigma Investments LP (1.24%), Baillie Gifford & Co. (0.69%), Jane Street Group LLC (0.00%), Geode Capital Management LLC (0.59%) and Susquehanna International Group LLP (0.00%). Insiders that own company stock include Derek Andersen, Evan Spiegel, Jared Grusd, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Snap's stock price today?: One share of SNAP stock can currently be purchased for approximately $10.35.
How much money does Snap make?: Snap (NYSE:SNAP) has a market capitalization of $16.58 billion and generates $4.60 billion in revenue each year. The company earns $-1,429,650,000.00 in net income (profit) each year or ($0.87) on an earnings per share basis.
How many employees does Snap have?: The company employs 5,288 workers across the globe.
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
How can I contact Snap?: Snap's mailing address is 2772 DONALD DOUGLAS LOOP NORTH, SANTA MONICA CA, 90405. The official website for the company is www.snap.com. The company can be reached via phone at (310) 399-3339 or via email at ir@snap.com.

This page (NYSE:SNAP) was last updated on 6/1/2023 by MarketBeat.com Staff

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Snap (SNAP) Stock Forecast, Price & News

Snap MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Snap (NYSE:SNAP) Stock

SNAP Stock News Headlines

SNAP Price History

SNAP Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SNAP Stock - Frequently Asked Questions

Overall MarketRank^™