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S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Estonia to buy US rocket artillery system in $200M deal
Rail workers say deal won't resolve quality-of-life concerns
The single greatest medical breakthrough of all time? (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Thousands protest in South Korea in support of truckers
The 3-Stock Retirement Blueprint (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Estonia to buy US rocket artillery system in $200M deal
Rail workers say deal won't resolve quality-of-life concerns
The single greatest medical breakthrough of all time? (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Thousands protest in South Korea in support of truckers
The 3-Stock Retirement Blueprint (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Estonia to buy US rocket artillery system in $200M deal
Rail workers say deal won't resolve quality-of-life concerns
The single greatest medical breakthrough of all time? (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Thousands protest in South Korea in support of truckers
The 3-Stock Retirement Blueprint (Ad)
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers

Snap - SNAP Stock Forecast, Price & News

$10.50
-0.37 (-3.40%)
(As of 12/2/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.32
$10.75
50-Day Range
$7.76
$11.78
52-Week Range
$7.33
$54.89
Volume
32.24 million shs
Average Volume
30.51 million shs
Market Capitalization
$16.94 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.85

Snap MarketRank™ Forecast

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
41.4% Upside
$14.85 Price Target
Short Interest
Healthy
7.27% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$10.97 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.63) to ($0.35) Per Share

Overall MarketRank

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

2.41 out of 5 stars

Computer And Technology Sector

208th out of 633 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

17th out of 65 stocks

SNAP stock logo

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

2 Stocks to Sell Before They Bleed More Cash
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The U.S. Department of Defense is using one shocking company to develop breakthrough tech...And at less than $2... this could be the last bargain on the market. Get the Details Here (Act Fast... a Key Announcement in December Could Send It Rocketing) pixel
7 Chinese Stocks to Snap Up on China’s Market Crash
4 Solid Stocks to Watch on a Booming Metaverse Space
The 4 Scariest Stocks You Could Own in 2022
RiverPark Funds’ Best Q3 Loser: Snap Inc. (SNAP)
Next-Generation Fighter Jets?!? (Must See)
The U.S. Department of Defense is using one shocking company to develop breakthrough tech...And at less than $2... this could be the last bargain on the market. Get the Details Here (Act Fast... a Key Announcement in December Could Send It Rocketing) pixel
Google’s Bottom Line Is Now Top of Mind
Why Collapsing Snap Stock Could Soar 200% in 2023
Snap investors, do you still trust Evan Spiegel?
Snap Inc. (SNAP) Q3 2022 Earnings Call Transcript
3 Unstable Stocks to Sell Before It's Too Late
2 Stocks You Should Take off Your Watchlist This Fall
See More Headlines
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SNAP Company Calendar

Last Earnings
10/20/2022
Today
12/03/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/02/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Fax
N/A
Employees
5,661
Year Founded
2011

Price Target and Rating

Average Stock Price Forecast
$14.85
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+41.4%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
38 Analysts

Profitability

Net Income
$-487,950,000.00
Pretax Margin
-23.50%

Debt

Sales & Book Value

Annual Sales
$4.12 billion
Book Value
$1.80 per share

Miscellaneous

Outstanding Shares
1,613,100,000
Free Float
1,247,250,000
Market Cap
$16.94 billion
Optionable
Optionable
Beta
0.96

Social Links


Key Executives

  • Mr. Evan T. SpiegelMr. Evan T. Spiegel (Age 31)
    Co-Founder, CEO & Director
    Comp: $3.29M
  • Mr. Robert MurphyMr. Robert Murphy (Age 33)
    Co-Founder, CTO & Director
    Comp: $184.44k
  • Mr. Derek AndersenMr. Derek Andersen (Age 43)
    Chief Financial Officer
    Comp: $739.36k
  • Mr. Jerry James HunterMr. Jerry James Hunter (Age 57)
    Chief Operating Officer
    Comp: $737.16k
  • Mr. Michael O'Sullivan (Age 56)
    Gen. Counsel & Sec.
    Comp: $746.63k
  • Ms. Rebecca MorrowMs. Rebecca Morrow (Age 48)
    Chief Accounting Officer & Controller
  • David Ometer
    Head of Investor Relations
  • Ms. Julie Henderson
    Chief Communications Officer
  • Mr. Kenneth Mitchell Jr. (Age 46)
    Chief Marketing Officer
  • Ms. Darcie Henry
    Chief HR Officer













SNAP Stock - Frequently Asked Questions

Should I buy or sell Snap stock right now?

38 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 3 sell ratings, 27 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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?

38 Wall Street research analysts have issued 1 year target prices for Snap's shares. Their SNAP share price forecasts range from $7.00 to $48.00. On average, they expect the company's stock price to reach $14.85 in the next twelve months. This suggests a possible upside of 41.4% 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 2022?

Snap's stock was trading at $47.03 at the start of the year. Since then, SNAP shares have decreased by 77.7% and is now trading at $10.50.
View the best growth stocks for 2022 here
.

Are investors shorting Snap?

Snap saw a increase in short interest in October. As of October 31st, there was short interest totaling 77,600,000 shares, an increase of 37.8% from the October 15th total of 56,300,000 shares. Based on an average daily volume of 52,570,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 7.7% of the company's shares 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, February 2nd 2023.
View our SNAP earnings forecast
.

How were Snap's earnings last quarter?

Snap Inc. (NYSE:SNAP) posted its quarterly earnings data on Thursday, October, 20th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.06. The business earned $1.13 billion during the quarter, compared to analysts' expectations of $1.15 billion. Snap had a negative net margin of 24.32% and a negative trailing twelve-month return on equity of 25.57%.

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 initial public offering 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 served 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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.61%), Two Sigma Advisers LP (1.36%), Two Sigma Investments LP (1.00%), Jane Street Group LLC (0.00%), Baillie Gifford & Co. (0.68%) and Citadel Advisors LLC (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, Robert C Murphy and Stanley J Meresman.
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 $10.50.

How much money does Snap make?

Snap (NYSE:SNAP) has a market capitalization of $16.94 billion and generates $4.12 billion in revenue each year. The company earns $-487,950,000.00 in net income (profit) each year or ($0.69) on an earnings per share basis.

How many employees does Snap have?

The company employs 5,661 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 12/4/2022 by MarketBeat.com Staff