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

41 analysts have issued 12-month price objectives for Snap's stock. Their forecasts range from $9.00 to $31.00. On average, they anticipate Snap's stock price to reach $21.44 in the next year. View Analyst Ratings for Snap.

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

• 1. 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)
• 2. 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. " (7/12/2017)
• 3. 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)
• 4. 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)
• 5. 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)

Snap saw a decrease in short interest in July. As of July 14th, there was short interest totalling 68,918,714 shares, a decrease of 4.0% from the June 30th total of 71,813,501 shares. Based on an average daily trading volume, of 14,038,002 shares, the days-to-cover ratio is currently 4.9 days. Currently, 18.2% of the company's shares are sold short.

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 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 many different of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Asset Management Company LTD (0.21%), KPCB DGF Associates LLC (0.30%), NEA Management Company LLC (0.07%), Atlas Venture Associates IX LLC (0.02%), Creative Planning (0.01%) and Exane Derivatives (0.01%). View Institutional Ownership Trends for Snap.

Snap's stock was sold by a variety of institutional investors in the last quarter, including Prospera Financial Services Inc. View Insider Buying and Selling for Snap.

Snap's stock was acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Asset Management Company LTD, NEA Management Company LLC, Atlas Venture Associates IX LLC, Exane Derivatives, Creative Planning, Narwhal Capital Management, Malaga Cove Capital LLC and Dubuque Bank & Trust Co.. 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 $13.40.