S&P 500   4,594.63
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QQQ   389.94
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Lacking counselors, US schools turn to the booming business of online therapy
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Lacking counselors, US schools turn to the booming business of online therapy
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Lacking counselors, US schools turn to the booming business of online therapy
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Lacking counselors, US schools turn to the booming business of online therapy

Snap Stock Price, News & Analysis (NYSE:SNAP)

$14.14
+0.31 (+2.24%)
(As of 12/1/2023 ET)
Compare
Today's Range
$13.62
$14.24
50-Day Range
$8.34
$14.13
52-Week Range
$7.86
$14.24
Volume
23.42 million shs
Average Volume
19.25 million shs
Market Capitalization
$23.28 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.65

Snap MarketRank™ Stock Analysis

Analyst Rating
Hold
2.04 Rating Score
Upside/​Downside
24.7% Downside
$10.65 Price Target
Short Interest
Bearish
7.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.77mentions of Snap in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$15.36 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.78) to ($0.65) Per Share

Overall MarketRank

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

1.70 out of 5 stars

Computer And Technology Sector

484th out of 596 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

41st out of 55 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 (NYSE:SNAP) Reaches New 1-Year High at $14.23
Snap (NYSE:SNAP) Upgraded by Jefferies Financial Group to "Buy"
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Analyst Ratings for Snap
Jefferies Is Pounding the Table on Snap (SNAP) Stock
Snap: Look Out Below
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Why I'm A Snap Fan Here
Don’t Delay! 3 EV Stocks to Snap Up Near the Bottom
Snap: Downgrading To 'Hold' As Turnaround Has Been Slow
Snap: Users Will Grow, Profits Will Too
Is Trending Stock Snap Inc. (SNAP) a Buy Now?
Meta, Google Investors Look Past Earnings to Risks Ahead
Snap: 5 Million Reasons To Own
See More Headlines
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Company Calendar

Last Earnings
10/24/2023
Today
12/03/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/30/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Fax
N/A
Employees
5,288
Year Founded
2011

Price Target and Rating

Average Stock Price Target
$10.65
High Stock Price Target
$16.00
Low Stock Price Target
$7.00
Potential Upside/Downside
-24.7%
Consensus Rating
Hold
Rating Score (0-4)
2.04
Research Coverage
23 Analysts

Profitability

Net Income
$-1,429,650,000.00
Pretax Margin
-29.35%

Debt

Sales & Book Value

Annual Sales
$4.60 billion
Book Value
$1.51 per share

Miscellaneous

Outstanding Shares
1,646,400,000
Free Float
1,272,993,000
Market Cap
$23.28 billion
Optionable
Optionable
Beta
1.32

Social Links

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SNAP Stock Analysis - Frequently Asked Questions

Should I buy or sell Snap stock right now?

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snap in the last twelve months. There are currently 3 sell ratings, 16 hold ratings and 4 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?

23 Wall Street research analysts have issued 12-month target prices for Snap's shares. Their SNAP share price targets range from $7.00 to $16.00. On average, they anticipate the company's stock price to reach $10.65 in the next year. This suggests that the stock has a possible downside of 24.7%.
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 58.0% and is now trading at $14.14.
View the best growth stocks for 2023 here
.

Are investors shorting Snap?

Snap saw a drop in short interest in October. As of October 31st, there was short interest totaling 69,320,000 shares, a drop of 15.1% from the October 15th total of 81,670,000 shares. Based on an average trading volume of 22,970,000 shares, the short-interest ratio is currently 3.0 days. Currently, 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, January 30th 2024.
View our SNAP earnings forecast
.

How were Snap's earnings last quarter?

Snap Inc. (NYSE:SNAP) posted its quarterly earnings data on Tuesday, October, 24th. The company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.03. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.11 billion. Snap had a negative net margin of 29.99% and a negative trailing twelve-month return on equity of 44.24%.

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

Snap updated its fourth quarter 2023 earnings guidance on Tuesday, October, 24th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.32 billion-$1.38 billion, compared to the consensus revenue estimate of $1.33 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 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 many different retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (0.63%), Artisan Partners Limited Partnership (0.50%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Northern Trust Corp (0.25%), UBS Group AG (0.00%) and Legal & General Group Plc (0.22%). Insiders that own company stock include Derek Andersen, Eric Young, Evan Spiegel, Jared Grusd, Jeremi Gorman, Jerry James Hunter, Joanna Coles, Michael J O'sullivan, Michael J O'sullivan, 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.

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 12/3/2023 by MarketBeat.com Staff

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