Snap Inc. operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows to creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps to surface the most interesting stories from publishers, creators, and the community, based on a user's subscriptions and interests. In addition, the company offers Snap Map, which enables individuals to pinch on the camera screen for bringing a live map of their location, as well as showing nearby friends, popular stories, and a heatmap of recent Snaps posted to their story; Memories that allows users to choose to save the Snaps they create in a searchable personal collection, and users to create Snaps and stories from their saved Snaps and camera roll; and Spectacles, a hardware product that connects with Snapchat and capture video from a human perspective. 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 Venice, California.
Industry, Sector and Symbol
Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
SectorComputer and Technology
Phone310-399-3339
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$824.95 million
Profitability
Miscellaneous
Employees3,069
OptionableOptionable
Snap (NYSE:SNAP) Frequently Asked Questions
What is Snap's stock symbol?
Snap trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNAP."
How were Snap's earnings last quarter?
Snap Inc (NYSE:SNAP) issued its earnings results on Thursday, October, 25th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.05. The business had revenue of $297.70 million for the quarter, compared to analyst estimates of $283.54 million. Snap had a negative net margin of 131.39% and a negative return on equity of 49.42%. View Snap's Earnings History.
When is Snap's next earnings date?
How can I listen to Snap's earnings call?
Snap will be holding an earnings conference call on Tuesday, February 5th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
What guidance has Snap issued on next quarter's earnings?
Snap updated its fourth quarter 2018 earnings guidance on Thursday, October, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $355-380 million, compared to the consensus revenue estimate of $370.96 million.
What price target have analysts set for SNAP?
33 brokerages have issued 1 year price targets for Snap's shares. Their predictions range from $5.78 to $22.00. On average, they anticipate Snap's share price to reach $10.3377 in the next year. This suggests a possible upside of 67.3% from the stock's current price. View Analyst Price Targets for Snap.
What is the consensus analysts' recommendation for Snap?
33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 5 sell ratings, 24 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Snap.
What are Wall Street analysts saying about Snap stock?
Here are some recent quotes from research analysts about Snap stock:
- 1. Pivotal Research analysts commented, "We maintain our $6 YE2019 price target and Hold recommendation on the stock." (1/16/2019)
- 2. According to Zacks Investment Research, "Snap continues to bring new features including Our Stories, Original Shows and Lenses on its Snap chat platform, which is expected to attract users. The company has become the most preferred social networking medium among teenagers, which is a significant positive. Moreover, the company’s transition to automated or programmatic auction of Snap Ads is driving its advertising revenues. Notably, the company’s guidance of an increase in Daily Active User (DAU) in 2019 is a tailwind. Extended partnerships with the likes of Comcast and Viacom related to new content production are expected to boost audience base and drive top-line for the company. However, lack of revenue diversification is a headwind. Lackluster user growth and decline in DAU in the reported quarter, remains the primary concern for investors. Shares have significantly underperformed the industry on a year-to-date basis." (12/31/2018)
- 3. Wells Fargo & Co analysts commented, "We maintain our Market Perform rating and $12 price target, based on our DCF." (8/8/2018)
- 4. SunTrust Banks, Inc. analysts commented, "We maintain a Hold rating/$13 PT ahead of 2Q18 earnings as 1) valuation remains full at 14.9x EV/Revs, the high-end of our IDM group, 2) read through from TWTR/FB earnings implies a potentially challenging macro environment, 3) feedback from marketers is consistent, that Snap remains well behind Instagram in budget allocations, 4) negative feedback from the redesign and subsequent reversal could have caused user churn/drop in engagement, and 5) lack of financial guidance creates more variability to consensus estimates. That said, Snap remains a viable differentiated and innovative platform. Causes Concern. 2Q18 results from the last two weeks show that while marketer’s demands for digital ad inventory was strong, there are ongoing concerns about the regulatory environment on several issues." (8/6/2018)
Has Snap been receiving favorable news coverage?
Media stories about SNAP stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Snap earned a news impact score of 1.7 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term.
Are investors shorting Snap?
Snap saw a increase in short interest in December. As of December 31st, there was short interest totalling 136,343,341 shares, an increase of 5.7% from the December 14th total of 128,957,711 shares. Based on an average trading volume of 18,391,919 shares, the days-to-cover ratio is presently 7.4 days. Currently, 23.7% of the company's shares are sold short. View Snap's Current Options Chain.
Who are some of Snap's key competitors?
Some companies that are related to Snap include Twitter (TWTR), IHS Markit (INFO), Match Group (MTCH), Weibo (WB), Yandex (YNDX), Line (LN), 58.com (WUBA), Tripadvisor (TRIP), FactSet Research Systems (FDS), Sabre (SABR), Trade Desk (TTD), Wix.Com (WIX), Stars Group (TSG), InterXion (INXN) and HUYA (HUYA).
Who are Snap's key executives?
Snap's management team includes the folowing people:
- Mr. Evan Spiegel, Co-Founder, CEO & Director (Age 27)
- Mr. Robert Murphy, Co-Founder, CTO & Director (Age 29)
- Mr. Michael O'Sullivan, Gen. Counsel & Sec. (Age 52)
- Mr. Timothy R. Stone, Chief Financial Officer (Age 51)
- Ms. Lara A. Sweet, Chief Accounting Officer (Age 44)
When did Snap IPO?
(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 a number of of institutional and retail investors. Top institutional investors include TB Alternative Assets Ltd. (0.13%), Virtu Financial LLC (0.01%), Lourd Capital LLC (0.00%), North Star Investment Management Corp. (0.00%) and Edge Wealth Management LLC (0.00%). Company insiders that own Snap stock include Andrew Vollero, Evan Spiegel, Imran Khan, Jared Grusd, Jeremi Gorman, Jerry James Hunter, Lara Sweet, Michael J O'sullivan, Michael Lynton, Mitchell Lasky, Steven Michael Horowitz, Timothy R Stone and Timothy Sehn. View Institutional Ownership Trends for Snap.
Which major investors are selling Snap stock?
SNAP stock was sold by a variety of institutional investors in the last quarter, including Virtu Financial LLC, Lourd Capital LLC and North Star Investment Management Corp.. Company insiders that have sold Snap company stock in the last year include Andrew Vollero, Evan Spiegel, Imran Khan, Jared Grusd, Jeremi Gorman, Jerry James Hunter, Lara Sweet, Michael J O'sullivan, Michael Lynton, Mitchell Lasky and Timothy R Stone. View Insider Buying and Selling for Snap.
Which major investors are buying Snap stock?
How do I buy shares of Snap?
Shares of SNAP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Snap's stock price today?
One share of SNAP stock can currently be purchased for approximately $6.18.
How big of a company is Snap?
Snap has a market capitalization of $7.41 billion and generates $824.95 million in revenue each year. The company earns $-3,445,060,000.00 in net income (profit) each year or ($2.08) on an earnings per share basis. Snap employs 3,069 workers across the globe.
What is Snap's official website?
How can I contact Snap?
Snap's mailing address is 2772 DONALD DOUGLAS LOOP NORTH, SANTA MONICA CA, 90405. The company can be reached via phone at 310-399-3339 or via email at [email protected]
MarketBeat Community Rating for Snap (NYSE SNAP)
MarketBeat's community ratings are surveys of what our community members think about Snap and other stocks. Vote "Outperform" if you believe SNAP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SNAP will underperform the S&P 500 over the long term. You may vote once every thirty days.
