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NYSE:SNAPSnap Stock Price, Forecast & News

$24.30
+0.56 (+2.36 %)
(As of 07/15/2020 02:09 PM ET)
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Compare
Today's Range
$23.69
Now: $24.30
$24.38
50-Day Range
$17.00
MA: $21.82
$26.41
52-Week Range
$7.89
Now: $24.30
$26.76
Volume16.28 million shs
Average Volume30.50 million shs
Market Capitalization$35.43 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.79
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 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 surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests. In addition, the company offers Snap Map, which brings to a live map of individual location, showing nearby friends, popular stories, and a heatmap of recent snaps posted; 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 captures 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 Santa Monica, California.
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Snap logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.27 out of 5 stars


Industry, Sector and Symbol

Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
CUSIPN/A
Phone310-399-3339

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.72 billion
Book Value$1.60 per share

Profitability

Net Income$-1,033,660,000.00

Miscellaneous

Employees3,195
Outstanding Shares1,457,719,000
Market Cap$35.43 billion
Next Earnings Date7/21/2020 (Confirmed)
OptionableOptionable

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Snap (NYSE:SNAP) Frequently Asked Questions

How has Snap's stock been impacted by COVID-19 (Coronavirus)?

Snap's stock was trading at $10.81 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SNAP shares have increased by 123.8% and is now trading at $24.19. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Snap?

36 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 1 sell rating, 10 hold ratings and 25 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Snap.

When is Snap's next earnings date?

Snap is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Snap.

How can I listen to Snap's earnings call?

Snap will be holding an earnings conference call on Tuesday, July 21st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Snap's earnings last quarter?

Snap Inc (NYSE:SNAP) released its quarterly earnings data on Tuesday, April, 21st. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.12. The firm earned $462.50 million during the quarter, compared to the consensus estimate of $420.01 million. Snap had a negative net margin of 55.40% and a negative return on equity of 46.64%. The company's revenue was up 44.4% compared to the same quarter last year. During the same period last year, the company posted ($0.10) earnings per share. View Snap's earnings history.

What price target have analysts set for SNAP?

36 Wall Street analysts have issued 12-month price objectives for Snap's stock. Their forecasts range from $14.00 to $30.00. On average, they expect Snap's stock price to reach $20.92 in the next twelve months. This suggests that the stock has a possible downside of 13.5%. View analysts' price targets for Snap.

What are Wall Street analysts saying about Snap stock?

Here are some recent quotes from research analysts about Snap stock:
  • 1. Stifel Nicolaus analysts commented, "We maintain our Buy rating and $19 Target Price on SNAP shares. Audience tracker suggests a relatively steady user base in the U.S. and abroad: Based on recently released Snap Ad reach estimates for August, it appears U.S. / global DAUs are still tracking ahead of our sequential DAU forecasts for 3Q:19 (on pace for +4.0mm to +5.0mm globally vs. our +3mm 3Q forecast and Snap’s guidance for +2.0mm to +4.0mm for the full quarter), absent any meaningful changes in daily engagement / usage patterns outside of the top 10 advertising markets, although aggregate reach across the markets we track was down slightly m/m. As we discussed in the July report, we believe September is the seasonally strongest month for sequential DAU growth during 3Q as students are back in school, whereas usage is generally weaker during July and August due to summer vacations." (9/4/2019)
  • 2. Pivotal Research analysts commented, "We are maintaining our Buy rating and increasing our target price from $17.25 to $20.75 as we roll forward our 12-month TP based on 9.5x EV/Sales on our above street 2021 estimates. This quarter was a strong –way stronger than we anticipated– confirmation to our view that SNAP is hitting an inflection point. They delivered a blow-out DAU adds, revenue and EBITDA beats, and had both strong EBITDA and revenue guidance." (7/24/2019)

Has Snap been receiving favorable news coverage?

News articles about SNAP stock have trended negative this week, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. 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 coverage optimism score of -2.0 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news about Snap.

Are investors shorting Snap?

Snap saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 92,330,000 shares, an increase of 11.0% from the June 15th total of 83,210,000 shares. Based on an average daily volume of 30,820,000 shares, the days-to-cover ratio is currently 3.0 days. Approximately 10.7% of the shares of the company are short sold. View Snap's Current Options Chain.

Who are some of Snap's key competitors?

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), Alibaba Group (BABA), Advanced Micro Devices (AMD), Intel (INTC), Netflix (NFLX), Micron Technology (MU), Twitter (TWTR), Tesla (TSLA), Bank of America (BAC) and General Electric (GE).

Who are Snap's key executives?

Snap's management team includes the following people:
  • Mr. Evan Spiegel, Co-Founder, CEO & Director (Age 28)
  • Mr. Robert Murphy, Co-Founder, CTO & Director (Age 30)
  • Mr. Jerry James Hunter, Sr. VP of Engineering (Age 54)
  • Ms. Jeremi Gorman, Chief Bus. Officer (Age 41)
  • Mr. Jared Grusd J.D., Chief Strategy Officer (Age 43)

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 served 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 many different retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.02%), Gradient Investments LLC (0.01%), Vista Wealth Management Group LLC (0.01%), DNB Asset Management AS (0.01%), Envestnet Asset Management Inc. (0.01%) and IFM Investors Pty Ltd (0.00%). Company insiders that own Snap stock include Derek Andersen, Evan Spiegel, Imran Khan, Jared Grusd, Jeremi Gorman, Jerry James Hunter, Joanna Coles, Lara Sweet, Michael J O'sullivan, Michael Lynton, Mitchell Lasky, Rebecca Morrow, Robert C Murphy, Stanley J Meresman and Timothy R Stone. View institutional ownership trends for Snap.

Which institutional investors are selling Snap stock?

SNAP stock was sold by a variety of institutional investors in the last quarter, including Vista Wealth Management Group LLC, IFM Investors Pty Ltd, BlueSky Wealth Advisors LLC, HBW Advisory Services LLC, Carlson Capital Management, and Successful Portfolios LLC. Company insiders that have sold Snap company stock in the last year include Derek Andersen, Evan Spiegel, Jared Grusd, Jeremi Gorman, Jerry James Hunter, Joanna Coles, Lara Sweet, Michael J O'sullivan, Michael Lynton, Rebecca Morrow, Robert C Murphy, and Stanley J Meresman. View insider buying and selling activity for Snap.

Which institutional investors are buying Snap stock?

SNAP stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Gradient Investments LLC, Envestnet Asset Management Inc., DNB Asset Management AS, Kiley Juergens Wealth Management LLC, First Citizens Bank & Trust Co., Livforsakringsbolaget Skandia Omsesidigt, and Truewealth LLC. View insider buying and selling activity for Snap.

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, Robinhood, Fidelity, and Charles Schwab.

What is Snap's stock price today?

One share of SNAP stock can currently be purchased for approximately $24.19.

How big of a company is Snap?

Snap has a market capitalization of $35.26 billion and generates $1.72 billion in revenue each year. The company earns $-1,033,660,000.00 in net income (profit) each year or ($0.75) on an earnings per share basis. Snap employs 3,195 workers across the globe.

What is Snap's official website?

The official website for Snap is www.snap.com.

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]

This page was last updated on 7/15/2020 by MarketBeat.com Staff

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