Snap Company Profile (NYSE:SNAP)

About Snap (NYSE:SNAP)

Snap logoSnap Inc., formerly Snapchat, Inc., is a camera company. The Company's flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps. Snaps are viewed primarily through the Snapchat application, but can also be embedded on the Web or on television in certain circumstances. Snapchat opens directly into the Camera, helping in creating a Snap and sending it to friends. The Company's advertising products include Snap Ads and Sponsored Creative Tools, such as Sponsored Lenses and Sponsored Geofilters. As of December 31, 2016, on an average, 158 million people used Snapchat every day to Snap with family, watch Stories from friends, see events from around the world, and explore curated content from publishers.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Mobile Application Software
  • Sub-Industry: N/A
  • Symbol: NYSE:SNAP
  • CUSIP: N/A
  • Web: www.snap.com
Capitalization:
  • Market Cap: $11.80777 billion
  • Outstanding Shares: 1,178,849,000
Average Prices:
  • 50 Day Moving Avg: $20.20
  • 200 Day Moving Avg: $21.01
  • 52 Week Range: $17.00 - $29.44
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -26.57
  • P/E Growth: -0.44
Sales & Book Value:
  • Annual Revenue: $515.33 million
  • Price / Sales: 39.51
  • Book Value: $3.17 per share
  • Price / Book: 5.45
Profitability:
  • EBIDTA: ($2,590,000,000.00)
Debt:
  • Current Ratio: 14.29%
  • Quick Ratio: 14.29%
Misc:
  • Average Volume: 21.28 million shs.
  • Short Ratio: 0.31
 

Frequently Asked Questions for Snap (NYSE:SNAP)

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) announced its earnings results on Wednesday, May, 10th. The company reported ($2.31) earnings per share for the quarter, missing the consensus estimate of ($2.05) by $0.26. The company had revenue of $149.60 million for the quarter, compared to analysts' expectations of $158.32 million. Snap's quarterly revenue was up 285.6% on a year-over-year basis. View Snap's Earnings History.

Where is Snap's stock going? Where will Snap's stock price be in 2017?

41 brokers have issued 12-month price targets for Snap's shares. Their predictions range from $10.00 to $31.00. On average, they expect Snap's stock price to reach $21.74 in the next twelve months. View Analyst Ratings for Snap.

What are analysts saying about Snap stock?

Here are some recent quotes from research analysts about Snap stock:

  • 1. JMP Securities analysts commented, "We were encouraged to hear that newer products, such as Search, World Lenses, and greater Discover content, are driving engagement high," (5/11/2017)
  • 2. Stifel Nicolaus analysts commented, "We continue to think Snap has the potential to develop into a durable digital media franchise with considerable upside from its current market cap, but investor skepticism and near-term supply / demand dynamics related to the company’s impending lock-up expiration could hold Snap’s stock price in check for the time being." (5/11/2017)
  • 3. Jefferies Group LLC analysts commented, "We updated our survey on 1,000 FB & Snapchat users from ’16 and found both Instagram and Snapchat are both seeing continued user growth, with Snapchat usage growing fastest among the older demographic. Additionally, we highlight Snap’s recent improvements to targeting and the increase gamified ad formats will help drive ARPU growth over time." (4/17/2017)
  • 4. Wells Fargo & Company analysts commented, "User cohorts will continue to meaningfully expand."Snap’s advertising platform utility will grow to rival leading competitors."Snap will succeed in achieving significant leverage on a model with demanding bandwidth and computing requirements." (3/31/2017)
  • 5. Drexel Hamilton analysts commented, "White comments, "Over the past few weeks, Snapchat has been the #3 free application in Apple's App Store but stood at #2 this morning. Holding the #1 position is Power Rangers: Legacy Wars. As Snap's flagship product, Snapchat is a mobile camera application that has risen in the ranks to become one of the most popular mobile applications with millennials and exited 2016 with over 158 million average daily active users. As such, Snap taps into the most desirable, largest and most difficult to reach generation for advertisers - millennials... In our view, comparing Snap to Facebook or Twitter does not make sense. Although other social messaging platforms enjoy a much higher user base, we believe Snapchat has a cachet with the millennial crowd that drives engagement that will be difficult for other platforms to garner. For example, Apple is not the biggest in the smartphone market (on an annual basis) or the PC business in terms of unit market share; however, the company's focused strategy and culture of creating great products has turned Apple into the most valuable company in the world." (3/27/2017)

Are investors shorting Snap?

Snap saw a increase in short interest in May. As of May 31st, there was short interest totalling 65,535,068 shares, an increase of 68.0% from the May 15th total of 39,009,530 shares. Based on an average daily trading volume, of 17,559,609 shares, the short-interest ratio is presently 3.7 days. Approximately 17.5% of the company's shares are short sold.

Who are some of Snap's key competitors?

Who are Snap's key executives?

Snap's management team includes the folowing people:

  • Michael M. Lynton, Independent Chairman of the Board
  • Evan Spiegel, Chief Executive Officer, Co-Founder, Director
  • Robert C. Murphy, Co-Founder, Chief Technology Officer, Director
  • Andrew Vollero, Chief Financial Officer
  • Timothy Sehn, Senior Vice President - Engineering
  • Steven Michael Horowitz, Vice President - Engineering
  • Christopher T. Handman, General Counsel
  • Imran Khan, Chief Strategy Officer
  • Joanna Coles, Independent Director
  • A. G. Lafley, Independent Director

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 owns Snap stock?

Snap's stock is owned by many different of institutional and retail investors. Top institutional shareholders include FMR LLC (4.00%), JPMorgan Chase & Co. (1.34%), BlackRock Inc. (1.13%), Vanguard Group Inc. (0.81%), Jennison Associates LLC (0.63%) and General Atlantic LLC (0.58%). View Institutional Ownership Trends for Snap.

Who bought Snap stock? Who is buying Snap stock?

Snap's stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, JPMorgan Chase & Co., BlackRock Inc., Vanguard Group Inc., Jennison Associates LLC, General Atlantic LLC, Dragoneer Investment Group LLC and OppenheimerFunds Inc.. View Insider Buying and Selling for Snap.

How do I buy Snap stock?

Shares of Snap can be purchased through any online brokerage account. Popular online brokerages 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 $17.27.


MarketBeat Community Rating for Snap (NYSE SNAP)
Community Ranking:  2.0 out of 5 ( )
Outperform Votes:  134 (Vote Outperform)
Underperform Votes:  196 (Vote Underperform)
Total Votes:  330
MarketBeat's community ratings are surveys of what our community members think about Snap and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Snap (NYSE:SNAP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 8 Sell Ratings, 17 Hold Ratings, 16 Buy Ratings
Consensus Rating:Hold (Score: 2.20)
Consensus Price Target: $21.74 (25.86% upside)

Analysts' Ratings History for Snap (NYSE:SNAP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/21/2017AegisLower Price TargetHold$20.00 -> $19.00LowView Rating Details
6/16/2017Drexel HamiltonReiterated RatingBuy$30.00MediumView Rating Details
6/12/2017CIBCReiterated RatingOutperform$23.00LowView Rating Details
6/9/2017Oppenheimer Holdings, Inc.Reiterated RatingOutperform$23.00LowView Rating Details
6/9/2017Needham & Company LLCReiterated RatingUnderperformLowView Rating Details
6/9/2017InstinetReiterated RatingReduce$14.00LowView Rating Details
6/9/2017Citigroup Inc.DowngradeBuy -> Neutral$24.00 -> $22.00HighView Rating Details
6/5/2017J P Morgan Chase & CoReiterated RatingNeutral$20.00 -> $18.00LowView Rating Details
6/3/2017Royal Bank Of CanadaReiterated RatingOutperformHighView Rating Details
5/22/2017Jefferies Group LLCReiterated RatingBuy$30.00LowView Rating Details
5/15/2017Cleveland ResearchReiterated RatingBuyMediumView Rating Details
5/12/2017Susquehanna Bancshares IncReiterated RatingNeutral$22.00 -> $15.00HighView Rating Details
5/12/2017Raymond James Financial, Inc.Reiterated RatingMarket PerformHighView Rating Details
5/12/2017Canaccord GenuityReiterated RatingHold$22.00HighView Rating Details
5/12/2017Deutsche Bank AGLower Price TargetBuy$30.00 -> $23.00HighView Rating Details
5/11/2017Morgan StanleyReiterated RatingOverweight$31.00HighView Rating Details
5/11/2017Goldman Sachs Group, Inc. (The)Reiterated RatingBuy$28.00HighView Rating Details
5/11/2017William BlairLower Price TargetOutperform$16.00 -> $14.00HighView Rating Details
5/11/2017Piper Jaffray CompaniesLower Price TargetNeutral$16.00 -> $14.00HighView Rating Details
5/11/2017Barclays PLCLower Price TargetEqual Weight$23.00 -> $20.00HighView Rating Details
5/11/2017JMP SecuritiesReiterated RatingOutperform$24.00 -> $28.00MediumView Rating Details
5/11/2017NomuraReiterated RatingSell$16.00 -> $28.00HighView Rating Details
5/11/2017Stifel NicolausLower Price TargetHold$27.00 -> $24.00HighView Rating Details
5/11/2017Cantor FitzgeraldUpgradeUnderweight -> Neutral$18.00 -> $17.00HighView Rating Details
5/9/2017Cowen and CompanyReiterated RatingOutperform$26.00HighView Rating Details
4/6/2017Loop CapitalReiterated RatingHold$21.00LowView Rating Details
4/4/2017BTIG ResearchInitiated CoverageNeutral -> Neutral$22.20LowView Rating Details
4/3/2017ArgusInitiated CoverageHold -> HoldLowView Rating Details
3/31/2017Moffett NathansonReiterated RatingSellLowView Rating Details
3/31/2017Wells Fargo & CompanyInitiated CoverageMarket Perform$21.00LowView Rating Details
3/29/2017Robert W. BairdReiterated RatingBuy$30.00MediumView Rating Details
3/28/2017Summit ResearchReiterated RatingSell$17.00MediumView Rating Details
3/27/2017Bank of America CorporationInitiated CoverageNeutral -> Neutral$25.00LowView Rating Details
3/27/2017Credit Suisse GroupInitiated CoverageOutperform -> Outperform$30.00MediumView Rating Details
3/27/2017Summit RedstoneInitiated CoverageSell$17.00HighView Rating Details
3/23/2017OTR GlobalInitiated CoveragePositive -> Positive$20.00MediumView Rating Details
3/21/2017Atlantic SecuritiesReiterated RatingUnderweight$14.00HighView Rating Details
3/21/2017Pivotal ResearchReiterated RatingSell$10.00HighView Rating Details
3/20/2017Monness Crespi & HardtInitiated CoverageBuy$25.00LowView Rating Details
3/17/2017MizuhoInitiated CoverageNeutral$20.00MediumView Rating Details
3/9/2017FBN SecuritiesInitiated CoverageHold$23.00LowView Rating Details
(Data available from 6/22/2015 forward)

Earnings

Earnings History for Snap (NYSE:SNAP)
Earnings by Quarter for Snap (NYSE:SNAP)
Earnings History by Quarter for Snap (NYSE SNAP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/10/2017Q1 2017($2.05)($2.31)$158.32 million$149.60 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Snap (NYSE:SNAP)
Current Year EPS Consensus Estimate: $-2.66 EPS
Next Year EPS Consensus Estimate: $-0.65 EPS

Dividends

Dividend History for Snap (NYSE:SNAP)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Snap (NYSE:SNAP)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Snap (NYSE:SNAP)
Latest Headlines for Snap (NYSE:SNAP)
Source:
DateHeadline
bloomberg.com logoSnap Is Buying Mapping Startup Zenly for $200 Million - Bloomberg
www.bloomberg.com - June 21 at 10:25 PM
americanbankingnews.com logoSnap Inc. (SNAP) PT Lowered to $19.00 at Aegis
www.americanbankingnews.com - June 21 at 10:04 AM
marketwatch.com logoSnap shares fall after Instagram Stories reports user growth
www.marketwatch.com - June 21 at 5:36 AM
nasdaq.com logoSnap Strikes Content Partnership with Time Warner for $100M
www.nasdaq.com - June 21 at 5:36 AM
finance.yahoo.com logoLightspeed's Liew: Snap has been a fantastic investment f...
finance.yahoo.com - June 21 at 5:36 AM
investorplace.com logoWhy Snap Inc (SNAP), Chipotle Mexican Grill, Inc. (CMG) and Petroleo Brasileiro SA Petrobras (ADR) (PBR.A) Are 3 of Today’s Worst Stocks
investorplace.com - June 20 at 5:03 PM
americanbankingnews.com logoSnap Inc. (SNAP) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - June 20 at 9:58 AM
wsj.com logoTime Warner Signs $100 Million Deal With Snap for Shows and Ads
www.wsj.com - June 20 at 8:00 AM
investopedia.com logoSnap: The Stock Faces More Downward Pressure
www.investopedia.com - June 20 at 8:00 AM
News IconSnap shares surge on $100 million deal to make shows with Time Warner
www.businessinsider.com - June 20 at 8:00 AM
finance.yahoo.com logoSnap Gets a New Partner...From TV Land
finance.yahoo.com - June 20 at 8:00 AM
finance.yahoo.com logoSHAREHOLDER ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Snap Inc. and Reminds Investors with Losses Over $500,000 to Contact the Firm
finance.yahoo.com - June 20 at 8:00 AM
finance.yahoo.com logoSnap's New Time Warner Deal Hints the Social Media Upstart Is More Than Puppy Filters
finance.yahoo.com - June 20 at 8:00 AM
finance.yahoo.com logoSnapchat signs blockbuster deal with Time Warner
finance.yahoo.com - June 20 at 7:59 AM
finance.yahoo.com logo[$$] Time Warner Signs $100 Million Deal With Snap for Shows and Ads
finance.yahoo.com - June 20 at 7:59 AM
finance.yahoo.com logo6 Things About Business You Need to Know This Morning
finance.yahoo.com - June 20 at 7:59 AM
investorplace.com logoSnap Inc (SNAP) Stock Finally Finds a Moat … Swimming With Alligators
investorplace.com - June 19 at 2:26 PM
finance.yahoo.com logoBrooks Koepka Ties U.S. Open Scoring Record on Way to First Career PGA Tour Major Win
finance.yahoo.com - June 19 at 9:34 AM
News IconSnap holds its IPO price
www.businessinsider.com - June 17 at 6:16 AM
forbes.com logoWhy Snap Is Still Struggling 3 Months After Its IPO
www.forbes.com - June 17 at 6:16 AM
cnbc.com logoSnap is trying to get ahold of the web address 'geofilters.com' but has failed so far
www.cnbc.com - June 17 at 6:16 AM
finance.yahoo.com logoThere Is Going to Be 'Tremendous' Pressure on Snap's Stock -- Jim Cramer Explains Why
finance.yahoo.com - June 17 at 6:15 AM
investorplace.com logo3 Stocks to Watch on Friday: Kroger Co (KR), Snap Inc (SNAP) and Finisar Corporation (FNSR) - Investorplace.com
investorplace.com - June 17 at 6:15 AM
seekingalpha.com logoWhy Snap Will Fail Internationally - Seeking Alpha
seekingalpha.com - June 17 at 6:15 AM
finance.yahoo.com logoEQUITY ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Snap Inc. and Reminds Investors with Losses in Excess of $500,000 to Contact the Firm
finance.yahoo.com - June 17 at 6:15 AM
americanbankingnews.com logoSnap's (SNAP) "Buy" Rating Reiterated at Drexel Hamilton
www.americanbankingnews.com - June 16 at 8:08 PM
americanbankingnews.com logoSnap Target of Unusually High Options Trading (SNAP)
www.americanbankingnews.com - June 16 at 5:14 PM
investorplace.com logoSnap Inc (SNAP) Stock: Some Good News, And Some Bad News
investorplace.com - June 16 at 11:05 AM
investorplace.com logo3 Stocks to Watch on Friday: Kroger Co (KR), Snap Inc (SNAP) and Finisar Corporation (FNSR)
investorplace.com - June 16 at 8:34 AM
bizjournals.com logoSnap shares hit a new low, dropping to IPO price
www.bizjournals.com - June 15 at 8:20 PM
finance.yahoo.com logoTECH STOCKS FALL: Here's what you need to know
finance.yahoo.com - June 15 at 8:20 PM
finance.yahoo.com logoSnapchat’s Stock Just Dipped to Its IPO Price for the First Time
finance.yahoo.com - June 15 at 8:20 PM
finance.yahoo.com logoIMPORTANT EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Snap Inc. and Reminds Investors with Losses Over $500,000 to Contact the Firm
finance.yahoo.com - June 15 at 8:20 PM
finance.yahoo.com logoWhy Would Snap Integrate PayPal Into Snapchat?
finance.yahoo.com - June 15 at 8:20 PM
finance.yahoo.com logoAre Too Many Money-Losing IPO Stocks A Sign Of A Market Peak?
finance.yahoo.com - June 15 at 8:20 PM
finance.yahoo.com logo[$$] Snap’s Challenge: How to Grow Without Getting Awkward
finance.yahoo.com - June 15 at 8:20 PM
investorplace.com logoWhy Snap Inc (SNAP), Kroger Co (KR) and Brinker International, Inc. (EAT) Are 3 of Today’s Worst Stocks
investorplace.com - June 15 at 4:51 PM
investopedia.com logoSnap Shares Getting Closer to Post-IPO Low | Investopedia - Investopedia
www.investopedia.com - June 15 at 3:19 PM
investorplace.com logoSnap Inc (SNAP) Stock Is Signaling the Unicorn Crash - Investorplace.com
investorplace.com - June 15 at 3:19 PM
reuters.com logoSnap's stock price sinks to IPO price - Reuters
www.reuters.com - June 15 at 3:19 PM
msn.com logoSnap eyes augmented future for spectacles
www.msn.com - June 15 at 3:19 PM
bloomberg.com logoSnap Chairman Joins Zuckerberg in Strengthening IEX's Tech Ties
www.bloomberg.com - June 15 at 3:19 PM
nytimes.com logoSnap's Share Price Sinks, Trades Just Above IPO Price
www.nytimes.com - June 15 at 3:19 PM
wsj.com logoSnap’s Challenge: How to Grow Without Getting Awkward
www.wsj.com - June 15 at 3:19 PM
finance.yahoo.com logoAnother 2017 IPO Stock Tries To Lay Foundation For New Climb
finance.yahoo.com - June 15 at 3:19 PM
finance.yahoo.com logo2017 IPO Expecting 260% Q2 Earnings Growth Near Breakout
finance.yahoo.com - June 15 at 3:19 PM
finance.yahoo.com logo[$$] Snap's Challenge: How to Grow Without Getting Awkward
finance.yahoo.com - June 15 at 3:19 PM
finance.yahoo.com logoSnap sinks to its IPO price
finance.yahoo.com - June 15 at 3:19 PM
finance.yahoo.com logoSnap shares fall to $17 initial public offering price for the first time
finance.yahoo.com - June 15 at 3:19 PM
finance.yahoo.com logoSnap shares fall to IPO price
finance.yahoo.com - June 15 at 3:19 PM

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Chart

Snap (SNAP) Chart for Thursday, June, 22, 2017

This page was last updated on 6/22/2017 by MarketBeat.com Staff