Snap Company Profile (NYSE:SNAP)

Snap trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNAP."

Snap Inc. (NYSE:SNAP) released its quarterly earnings results on Thursday, August, 10th. The company reported ($0.36) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.29) by $0.07. The company earned $181.70 million during the quarter, compared to analysts' expectations of $186.49 million. The firm's revenue was up 153.1% compared to the same quarter last year. View Snap's Earnings History.

Snap is scheduled to release their next quarterly earnings announcement on Thursday, November, 9th 2017. View Earnings Estimates for Snap.

43 brokers have issued 12-month price objectives for Snap's stock. Their forecasts range from $8.00 to $31.00. On average, they expect Snap's share price to reach $18.61 in the next twelve months. View Analyst Ratings for Snap.

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

• 1. Cantor Fitzgerald analysts commented, "Monetization per minute has significant upside potential… We’re modeling for Snap’s 2017 US ad revenue per DAU (ARPU) to rise 53.4% y/y to $9.56 (vs. FB’s (OW) $103.31), and for its 2017 US ad rev per min (x 1,000) to also rise by 53.4% y/y to $0.87 (vs. FB’s $5.66). On both counts, we believe Snap’s monetization has room to go substantially higher as bid density improves on the self-serve platform and as mobile video/ads in the Discover tab ramp up." (9/15/2017)
• 2. Drexel Hamilton analysts commented, "We continue to believe Snap has strong upside potential over the next 12 months as reflected in our $30.00 price target." (9/14/2017)
• 3. According to Zacks Investment Research, "Snap Inc. provides technology and social media services. The Company's principal product Snapchat, is a camera application that helps people to communicate through short videos and images. Snap Inc. is headquartered in Venice, California. " (8/16/2017)
• 4. Stifel Nicolaus analysts commented, "We view shares as a compelling risk / reward opportunity and upgrade SNAP shares to Buy from Hold. Our 12-month, DCF-based Price Target of $22 remains unchanged. We highlight our key points below in the attached presentation." (7/13/2017)
• 5. Credit Suisse Group analysts commented, "sometimes grow in fits and starts," Ju argued. The longer-term picture is encouraging and the social media platform and hardware company will benefit from two themes: 1) better access to the younger demographic and 2) improving ROI/measurability.Moreover, at below $17 per share, Snap's stock represents a favorable risk to reward profile with further downside potential of just 13 percent but upside potential of 45 percent, the analyst emphasized. Also important to keep in mind is the fact that approximately 711 million shares could come into the market after a standard lock-up period. As such, investors should expect higher levels of volatility in the near term.Bottom line, although Snap hasn't demonstrated a "more comfortable growth path" it is still a "scarce asset" (7/10/2017)

Snap saw a increase in short interest in August. As of August 31st, there was short interest totalling 94,623,140 shares, an increase of 36.0% from the August 15th total of 69,596,506 shares. Based on an average trading volume of 34,325,291 shares, the days-to-cover ratio is currently 2.8 days. Currently, 19.4% of the company's stock are short sold.

Some companies that are related to Snap include Momo (MOMO), GrubHub (GRUB), Cheetah Mobile (CMCM), Mitek Systems (MITK), Telenav (TNAV), Bango plc (BGO), SITO Mobile (SITO), Artilium plc (ARTA), Nektan PLC (NKTN), China Mobile Games & Entnmnt Grp Ltd (CMGE), GLOBO Plc (GBO), iDreamSky Technology Ltd (DSKY) and Motive Television Plc (MTV).

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

(SNAP) raised $3 billion in an initial public offering (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.

Snap's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Coatue Management LLC (1.86%), FMR LLC (1.29%), BlackRock Inc. (0.88%), Vanguard Group Inc. (0.71%), General Atlantic LLC (0.41%) and Capital World Investors (0.25%). Company insiders that own Snap stock include Andrew Vollero, Imran Khan, Steven Michael Horowitz and Timothy Sehn. View Institutional Ownership Trends for Snap.

Snap's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Capital World Investors, Valiant Capital Management L.P., Franklin Resources Inc., TD Asset Management Inc., LMR Partners LLP, Sei Investments Co. and New York State Common Retirement Fund. Company insiders that have sold Snap stock in the last year include Andrew Vollero, Imran Khan, Steven Michael Horowitz and Timothy Sehn. View Insider Buying and Selling for Snap.

Snap's stock was bought by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Asset Management Company LTD, Vanguard Group Inc., Coatue Management LLC, BlackRock Inc., NEA Management Company LLC, Macquarie Group Ltd., Gilder Gagnon Howe & Co. LLC and Parametric Portfolio Associates LLC. View Insider Buying and Selling for Snap.

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.

One share of Snap stock can currently be purchased for approximately $14.16.