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NYSE:SNAP

Snap - SNAP Stock Forecast, Price & News

$11.11

+0.54 (+5.11%)

(As of 08/11/2022 12:00 AM ET)

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Today's Range: $10.82
▼
$11.80
50-Day Range: $9.54
▼
$16.35
52-Week Range: $9.34
▼
$83.34

Volume: 66.63 million shs
Average Volume: 44.24 million shs
Market Capitalization: $18.32 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $20.65

Snap MarketRank™ Forecast

Analyst Rating: Hold
2.27 Rating Score
Upside/Downside: 85.8% Upside
$20.65 Price Target
Short Interest: Bearish
5.90% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.59
Based on 5 Articles This Week
Insider Trading: Selling Shares
$16.50 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.76) to ($0.57) Per Share

Overall MarketRank^™

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

2.14 out of 5 stars

Computer And Technology Sector

412th out of 658 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

33rd out of 68 stocks

4.1

Analyst's Opinion

Consensus Rating
Snap has received a consensus rating of Hold. The company's average rating score is 2.27, and is based on 13 buy ratings, 21 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.65, Snap has a forecasted upside of 85.8% from its current price of $11.11.
Amount of Analyst Coverage
Snap has been the subject of 30 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
5.90% 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 1.1, 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 22.43%, 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.

1.9

News and Social Media Coverage

News Sentiment
Snap has a news sentiment score of -0.59. 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 0.38 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Snap this week, compared to 6 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 2 reddit mentions for Snap this week, compared to 4 mentions on an average week.
Search Interest
336 people have searched for SNAP on MarketBeat in the last 30 days. This is an increase of 120% compared to the previous 30 days.
MarketBeat Follows
148 people have added Snap to their MarketBeat watchlist in the last 30 days. This is an increase of 279% compared to the previous 30 days.

1.7

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 $16,497,106.00 in company stock.
Percentage Held by Institutions
53.88% 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 ($0.57) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Snap is -21.37, 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 -21.37, 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 5.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Snap (NYSE:SNAP) Stock

Snap Inc. operates as a camera company in North America, Europe, and internationally. The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, story ads, collection ads, dynamic ads, and commercials. 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SNAP shares. Benchmark cut their price target on Snap from $20.00 to $15.00 and set a "buy" rating for the company in a report on Friday, July 22nd. Moffett Nathanson lowered Snap from a "buy" rating to a "neutral" rating in a report on Friday, July 22nd. Bank of America lowered their price objective on Snap from $50.00 to $30.00 and set a "buy" rating on the stock in a research report on Tuesday, May 24th. Canaccord Genuity Group lowered their price objective on Snap from $46.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, April 22nd. Finally, Evercore ISI lowered their price objective on Snap from $36.00 to $26.00 and set an "outperform" rating on the stock in a research report on Thursday, July 7th. Three analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $21.94.

Snap Stock Up 5.1 %

Shares of Snap stock traded up $0.54 during trading hours on Thursday, hitting $11.11. The company had a trading volume of 66,835,531 shares, compared to its average volume of 44,241,590. The company's 50-day moving average is $12.80 and its two-hundred day moving average is $24.92. Snap has a twelve month low of $9.34 and a twelve month high of $83.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 5.65 and a quick ratio of 5.65. The company has a market cap of $18.32 billion, a P/E ratio of -22.44 and a beta of 1.01.

Insider Buying and Selling

In other news, CFO Derek Andersen sold 26,093 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $23.87, for a total value of $622,839.91. Following the completion of the transaction, the chief financial officer now owns 1,145,223 shares in the company, valued at approximately $27,336,473.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Derek Andersen sold 26,093 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $23.87, for a total value of $622,839.91. Following the completion of the transaction, the chief financial officer now owns 1,145,223 shares in the company, valued at approximately $27,336,473.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jerry James Hunter sold 41,961 shares of the firm's stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $24.08, for a total transaction of $1,010,420.88. Following the transaction, the vice president now owns 707,918 shares of the company's stock, valued at $17,046,665.44. The disclosure for this sale can be found here. Insiders sold a total of 1,277,886 shares of company stock worth $16,497,106 in the last 90 days.

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SNAP Stock News Headlines

July 28, 2022 | marketbeat.com

Russia fines WhatsApp, Snapchat over data storage

Russian regulators have fined chat service WhatsApp and Snapchat for failing to store Russian users’ data on local servers as part of government efforts to control online activity

August 6, 2022 | americanbankingnews.com

Morgan Stanley Lowers Snap (NYSE:SNAP) to Underweight

August 12, 2022 | Legacy Research (Affiliate) (Ad)

“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist)

Has President Biden’s new executive order… Alongside MIT, 77 global Governments, The Gates Foundation, UNICEF, and The Clinton Development Initiative… Ignited a historic $40 trillion transfer of wealth from the middle class, to the rich?

August 5, 2022 | investorplace.com

Delete Snap Stock From Your Watchlist, Despite Drop to Pandemic Lows

August 5, 2022 | americanbankingnews.com

Snap (NYSE:SNAP) Lowered to "Neutral" at The Goldman Sachs Group

August 2, 2022 | fool.com

Down Nearly 90% From Its High, Snap Appears to Be Making a $3.7 Billion Bet On Itself - The Motley Fool

July 30, 2022 | americanbankingnews.com

Insider Selling: Snap Inc. (NYSE:SNAP) Director Sells $200,000.00 in Stock

July 28, 2022 | americanbankingnews.com

Snap Inc. (NYSE:SNAP) CTO Sells $8,820,000.00 in Stock

August 12, 2022 | Legacy Research (Affiliate) (Ad)

MUST WATCH: Unusual 3-second financial maneuver

In 2020, Jeff Clark revealed how to use a unique 3-second transaction…To get Starbucks to pay for his morning coffee. Now, he’s revealing a new 3-second transaction…

July 28, 2022 | americanbankingnews.com

Snap (NYSE:SNAP) Downgraded by Argus

July 27, 2022 | barrons.com

Snap Stock Nets Another Downgrade. TikTok Is a Growing Threat in Advertising. - Barron's

July 27, 2022 | americanbankingnews.com

Snap (NYSE:SNAP) Rating Lowered to Peer Perform at Wolfe Research

July 27, 2022 | americanbankingnews.com

Snap (NYSE:SNAP) Price Target Cut to $15.00

July 27, 2022 | americanbankingnews.com

Morgan Stanley Downgrades Snap (NYSE:SNAP) to Underweight