NYSE:SNAP

Snap - SNAP Stock Forecast, Price & News

$11.00

-0.40 (-3.51%)

(As of 02/3/2023 12:00 AM ET)

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Today's Range: $10.78
▼
$11.61
50-Day Range: $8.19
▼
$11.56
52-Week Range: $7.33
▼
$41.97

Volume: 44.76 million shs
Average Volume: 35.26 million shs
Market Capitalization: $17.74 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $13.71

Institutional Ownership

Snap MarketRank™ Forecast

Analyst Rating: Hold
2.05 Rating Score
Upside/Downside: 24.6% Upside
$13.71 Price Target
Short Interest: Healthy
5.77% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.31
Based on 29 Articles This Week
Insider Trading: Selling Shares
$2.56 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.70) to ($0.49) Per Share

Overall MarketRank^™

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

2.29 out of 5 stars

Computer And Technology Sector

196th out of 610 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

17th out of 61 stocks

3.0

Analyst's Opinion

Consensus Rating
Snap has received a consensus rating of Hold. The company's average rating score is 2.05, and is based on 5 buy ratings, 29 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.71, Snap has a forecasted upside of 24.6% from its current price of $11.00.
Amount of Analyst Coverage
Snap has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
5.77% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Snap has recently decreased by 11.74%, indicating that investor sentiment is improving 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.

2.9

News and Social Media Coverage

News Sentiment
Snap has a news sentiment score of 0.31. 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 0.44 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 29 news articles for Snap this week, compared to 4 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 2 reddit mentions for Snap this week, compared to 1 mention on an average week.
Search Interest
186 people have searched for SNAP on MarketBeat in the last 30 days. This is an increase of 333% compared to the previous 30 days.
MarketBeat Follows
33 people have added Snap to their MarketBeat watchlist in the last 30 days. This is an increase of 3% compared to the previous 30 days.

3.3

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 $2,555,971.00 in company stock.
Percentage Held by Insiders
22.68% of the stock of Snap is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
43.30% 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 ($0.70) to ($0.49) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Snap is -12.50, 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 -12.50, 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 6.88. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

January 9, 2023 | marketbeat.com

Here’s Why Snap Stock Can Double in 2023

Social media platform Snap Inc. (NYSE: SNAP) stock has fallen to pandemic lows as it collapsed (-77%) in 2022. The fallout from advertisers pulling

February 4, 2023 | americanbankingnews.com

Canaccord Genuity Group Trims Snap (NYSE:SNAP) Target Price to $11.00

February 5, 2023 | Tradewins (Ad)

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February 4, 2023 | americanbankingnews.com

Analysts Set Snap Inc. (NYSE:SNAP) Target Price at $11.35

February 3, 2023 | americanbankingnews.com

Snap (NYSE:SNAP) Rating Lowered to Hold at Benchmark

February 3, 2023 | americanbankingnews.com

Rosenblatt Securities Raises Snap (NYSE:SNAP) Price Target to $10.00

February 3, 2023 | americanbankingnews.com

Snap (NYSE:SNAP) Rating Lowered to Neutral at UBS Group

February 2, 2023 | americanbankingnews.com

Snap (NYSE:SNAP) Price Target Cut to $15.00 by Analysts at Barclays

February 5, 2023 | Tradewins (Ad)

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February 2, 2023 | americanbankingnews.com

Susquehanna Boosts Snap (NYSE:SNAP) Price Target to $10.00

February 2, 2023 | americanbankingnews.com

Snap (NYSE:SNAP) Price Target Lowered to $13.00 at Credit Suisse Group

February 2, 2023 | americanbankingnews.com

Truist Financial Cuts Snap (NYSE:SNAP) Price Target to $8.00

February 1, 2023 | investorplace.com

The 3 Best Social Media Stocks to Buy Before the Next Bull Market Begins

February 1, 2023 | investorplace.com

Why Is Snap (SNAP) Stock Down 12% Today?

January 31, 2023 | americanbankingnews.com

Snap Inc. (NYSE:SNAP) to Post FY2022 Earnings of ($0.60) Per Share, Jefferies Financial Group Forecasts

January 29, 2023 | americanbankingnews.com

Snap (NYSE:SNAP) Price Target Lowered to $16.00 at Credit Suisse Group

January 28, 2023 | americanbankingnews.com

Snap (NYSE:SNAP) Trading Up 4.4%

January 27, 2023 | americanbankingnews.com

Snap (NYSE:SNAP) Shares Down 6.4% After Analyst Downgrade

January 26, 2023 | finance.yahoo.com

Snap Inc. Investor Day to Take Place on February 16, 2023

January 26, 2023 | finance.yahoo.com

Snap’s Stock Investors Risk More Pain on Advertising Woes

January 11, 2023 | finance.yahoo.com

Snap (NYSE:SNAP) investors are sitting on a loss of 78% if they invested a year ago

December 30, 2022 | fool.com

Prediction: These Will Be 2 of the Best Stocks to Buy in 2023

December 6, 2022 | finance.yahoo.com

Why Snap Stock Fell Hard Today

December 6, 2022 | finance.yahoo.com

Snap Investors Hope for Advertising Windfall as Brands Ditch Musk’s Twitter

November 28, 2022 | finance.yahoo.com

Snap Staff Told to Be in Office Four Days a Week Starting in February

November 25, 2022 | stocknews.com

2 Stocks to Sell Before They Bleed More Cash

November 15, 2022 | investorplace.com

7 Chinese Stocks to Snap Up on China’s Market Crash

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SNAP Company Calendar

Last Earnings: 10/21/2021
Today: 2/05/2023
Next Earnings (Estimated): 4/20/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:SNAP
CUSIP: N/A
CIK: 1564408
Web: www.snap.com
Phone: (310) 399-3339
Fax: N/A
Employees: 5,661
Year Founded: 2011

Price Target and Rating

Average Stock Price Forecast: $13.71
High Stock Price Forecast: $48.00
Low Stock Price Forecast: $7.00
Forecasted Upside/Downside: +24.6%
Consensus Rating: Hold
Rating Score (0-4): 2.05
Research Coverage: 37 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.88)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-487,950,000.00
Net Margins: -31.07%
Pretax Margin: -30.44%
Return on Equity: -33.20%
Return on Assets: -12.17%

Debt

Debt-to-Equity Ratio: 1.45
Current Ratio: 4.32
Quick Ratio: 4.86

Sales & Book Value

Annual Sales: $4.60 billion
Price / Sales: 3.86
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.60 per share
Price / Book: 6.88

Miscellaneous

Outstanding Shares: 1,613,100,000
Free Float: 1,247,250,000
Market Cap: $17.74 billion
Optionable: Optionable
Beta: 1.10

Social Links

Key Executives

Evan Thomas Spiegel
Chief Executive Officer & Director

Jerry James Hunter
Chief Operating Officer

Derek Andersen
Chief Financial Officer

Robert C. Murphy
Director & Chief Technology Officer

Ben Schwerin
VP-Partnerships & Senior VP-Content & Partnerships

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SNAP Stock - Frequently Asked Questions

Should I buy or sell Snap stock right now?: 37 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 3 sell ratings, 29 hold ratings and 5 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?: 37 analysts have issued 12-month price targets for Snap's shares. Their SNAP share price forecasts range from $7.00 to $48.00. On average, they expect the company's share price to reach $13.71 in the next year. This suggests a possible upside of 24.6% 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 2023?: Snap's stock was trading at $8.95 at the start of the year. Since then, SNAP shares have increased by 22.9% and is now trading at $11.00.
View the best growth stocks for 2023 here.
When is Snap's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our SNAP earnings forecast.
How were Snap's earnings last quarter?: Snap Inc. (NYSE:SNAP) released its quarterly earnings data on Thursday, October, 21st. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.06. The business earned $1.07 billion during the quarter, compared to analyst estimates of $1.09 billion. Snap had a negative net margin of 31.07% and a negative trailing twelve-month return on equity of 33.20%. During the same quarter in the previous year, the firm posted ($0.14) EPS.
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 IPO 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 acted 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 Baillie Gifford & Co. (0.69%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Assenagon Asset Management S.A. (0.23%), Simplex Trading LLC (0.00%), Tobam (0.08%) and Exchange Traded Concepts LLC (0.06%). 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 $11.00.
How much money does Snap make?: Snap (NYSE:SNAP) has a market capitalization of $17.74 billion and generates $4.60 billion in revenue each year. The company earns $-487,950,000.00 in net income (profit) each year or ($0.88) 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 2/5/2023 by MarketBeat.com Staff

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Snap - SNAP Stock Forecast, Price & News

Snap MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Snap (NYSE:SNAP) Stock

SNAP Stock News Headlines

SNAP Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SNAP Stock - Frequently Asked Questions

Overall MarketRank^™