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MarketBeat: Week in Review 9/19 – 9/23
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Gold is about to SOAR – here’s what you need to do (Ad)
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
CEO of biggest PE firm predicts “social unrest” (Ad)
Closing prices for crude oil, gold and other commodities
Dow sinks to 2022 low as recession fears roil world markets
One Stock Doubles Your Money, During Crisis? (Ad)
'Crucial' vote could move Italy to right; many might boycott
MarketBeat: Week in Review 9/19 – 9/23
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Gold is about to SOAR – here’s what you need to do (Ad)
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
CEO of biggest PE firm predicts “social unrest” (Ad)
Closing prices for crude oil, gold and other commodities
Dow sinks to 2022 low as recession fears roil world markets
One Stock Doubles Your Money, During Crisis? (Ad)
'Crucial' vote could move Italy to right; many might boycott
MarketBeat: Week in Review 9/19 – 9/23
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Gold is about to SOAR – here’s what you need to do (Ad)
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
CEO of biggest PE firm predicts “social unrest” (Ad)
Closing prices for crude oil, gold and other commodities
Dow sinks to 2022 low as recession fears roil world markets
One Stock Doubles Your Money, During Crisis? (Ad)
'Crucial' vote could move Italy to right; many might boycott
MarketBeat: Week in Review 9/19 – 9/23

Snap - SNAP Stock Forecast, Price & News

$10.32
-0.14 (-1.34%)
(As of 09/23/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.15
$10.56
50-Day Range
$9.54
$16.35
52-Week Range
$9.34
$83.34
Volume
24.40 million shs
Average Volume
49.57 million shs
Market Capitalization
$17.02 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.59

Snap MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
90.1% Upside
$19.62 Price Target
Short Interest
Bearish
6.31% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.19mentions of Snap in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$12.43 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.73) to ($0.53) Per Share

Overall MarketRank

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

2.11 out of 5 stars

Computer And Technology Sector

399th out of 630 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

35th out of 66 stocks

SNAP stock logo

About Snap (NYSE:SNAP) Stock

Snap Inc. operates as a camera company in North America, Europe, and internationally. The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, story ads, collection ads, dynamic ads, and commercials. 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 Stock News Headlines

Snap cutting 20% of staff as ad sales continue to dry up
The parent company of social media platform Snapchat said Wednesday that it is letting go of 20% of its staff as it reorganizes and tries to reduce costs in the face of declining sales
2 Stocks You Should Take off Your Watchlist This Fall
Goldman Sachs Alum Sounds Alarm on "Next US Crisis"
Few believed Nomi Prins when she called the 2008 meltdown well in advance. Now, she's issuing a new prediction. Most Americans aren't yet prepared.
Morgan Stanley Raises Snap (NYSE:SNAP) Price Target to $10.00
Goldman Sachs Alum Sounds Alarm on "Next US Crisis"
Few believed Nomi Prins when she called the 2008 meltdown well in advance. Now, she's issuing a new prediction. Most Americans aren't yet prepared.
Evercore ISI Raises Snap (NYSE:SNAP) Price Target to $17.00
7 Stocks to Snap Up Now on the Recent Sell-Off
4 Stocks Hedge Funds Are Selling Right Now
Why Snap's pain may not be over yet - MarketWatch
See More Headlines
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SNAP Company Calendar

Last Earnings
7/21/2022
Today
9/24/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Fax
N/A
Employees
5,661
Year Founded
2011

Price Target and Rating

Average Stock Price Forecast
$19.62
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+89.8%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
37 Analysts

Profitability

Net Income
$-487,950,000.00
Pretax Margin
-17.66%

Debt

Sales & Book Value

Annual Sales
$4.12 billion
Book Value
$2.34 per share

Miscellaneous

Outstanding Shares
1,648,970,000
Free Float
N/A
Market Cap
$17.02 billion
Optionable
Optionable
Beta
0.97

Social Links


Key Executives

  • Mr. Evan T. SpiegelMr. Evan T. Spiegel (Age 31)
    Co-Founder, CEO & Director
    Comp: $3.29M
  • Mr. Robert  MurphyMr. Robert Murphy (Age 33)
    Co-Founder, CTO & Director
    Comp: $184.44k
  • Mr. Derek  AndersenMr. Derek Andersen (Age 43)
    Chief Financial Officer
    Comp: $739.36k
  • Mr. Michael O'Sullivan (Age 56)
    Gen. Counsel & Sec.
    Comp: $746.63k
  • Mr. Jerry James HunterMr. Jerry James Hunter (Age 57)
    Sr. VP of Engineering
    Comp: $737.16k
  • Ms. Jeremi Ann GormanMs. Jeremi Ann Gorman (Age 44)
    Chief Bus. Officer
    Comp: $746.63k
  • Ms. Rebecca  MorrowMs. Rebecca Morrow (Age 48)
    Chief Accounting Officer & Controller
  • David Ometer
    Head of Investor Relations
  • Ms. Julie Henderson
    Chief Communications Officer
  • Mr. Kenneth Mitchell Jr. (Age 46)
    Chief Marketing Officer













SNAP Stock - Frequently Asked Questions

Should I buy or sell Snap stock right now?

37 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snap in the last twelve months. There are currently 3 sell ratings, 23 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research 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 2022?

37 Wall Street analysts have issued 1 year price objectives for Snap's shares. Their SNAP share price forecasts range from $10.00 to $48.00. On average, they expect the company's share price to reach $19.62 in the next twelve months. This suggests a possible upside of 90.1% 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 2022?

Snap's stock was trading at $47.03 at the start of the year. Since then, SNAP stock has decreased by 78.1% and is now trading at $10.32.
View the best growth stocks for 2022 here
.

Are investors shorting Snap?

Snap saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 64,960,000 shares, an increase of 20.8% from the August 15th total of 53,780,000 shares. Based on an average daily volume of 55,130,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 6.3% of the company's shares are short sold.
View Snap's Short Interest
.

When is Snap's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our SNAP earnings forecast
.

How were Snap's earnings last quarter?

Snap Inc. (NYSE:SNAP) issued its quarterly earnings results on Thursday, July, 21st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.18) by $0.04. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.14 billion. Snap had a negative net margin of 18.31% and a negative trailing twelve-month return on equity of 21.55%.

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 initial public offering 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 many different retail and institutional investors. Top institutional investors include Jennison Associates LLC (0.91%), Baillie Gifford & Co. (0.69%), Renaissance Technologies LLC (0.68%), Artisan Partners Limited Partnership (0.68%), Citadel Advisors LLC (0.00%) and DnB Asset Management AS (0.52%). 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 $10.32.

How much money does Snap make?

Snap (NYSE:SNAP) has a market capitalization of $17.02 billion and generates $4.12 billion in revenue each year. The company earns $-487,950,000.00 in net income (profit) each year or ($0.52) 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 9/24/2022 by MarketBeat.com Staff

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