Snap Company Profile (NYSE:SNAP)

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

Snap Inc. (NYSE:SNAP) announced its earnings results on Wednesday, May, 10th. The company reported ($2.31) earnings per share for the quarter, missing the consensus estimate of ($2.05) by $0.26. The company had revenue of $149.60 million for the quarter, compared to analysts' expectations of $158.32 million. Snap's quarterly revenue was up 285.6% on a year-over-year basis. View Snap's Earnings History.

41 brokers have issued 12-month price targets for Snap's shares. Their predictions range from $10.00 to $31.00. On average, they expect Snap's stock price to reach $21.74 in the next twelve months. View Analyst Ratings for Snap.

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

• 1. 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)
• 2. Stifel Nicolaus analysts commented, "We continue to think Snap has the potential to develop into a durable digital media franchise with considerable upside from its current market cap, but investor skepticism and near-term supply / demand dynamics related to the company’s impending lock-up expiration could hold Snap’s stock price in check for the time being." (5/11/2017)
• 3. 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)
• 4. Wells Fargo & Company analysts commented, "User cohorts will continue to meaningfully expand."Snap’s advertising platform utility will grow to rival leading competitors."Snap will succeed in achieving significant leverage on a model with demanding bandwidth and computing requirements." (3/31/2017)
• 5. Drexel Hamilton analysts commented, "White comments, "Over the past few weeks, Snapchat has been the #3 free application in Apple's App Store but stood at #2 this morning. Holding the #1 position is Power Rangers: Legacy Wars. As Snap's flagship product, Snapchat is a mobile camera application that has risen in the ranks to become one of the most popular mobile applications with millennials and exited 2016 with over 158 million average daily active users. As such, Snap taps into the most desirable, largest and most difficult to reach generation for advertisers - millennials... In our view, comparing Snap to Facebook or Twitter does not make sense. Although other social messaging platforms enjoy a much higher user base, we believe Snapchat has a cachet with the millennial crowd that drives engagement that will be difficult for other platforms to garner. For example, Apple is not the biggest in the smartphone market (on an annual basis) or the PC business in terms of unit market share; however, the company's focused strategy and culture of creating great products has turned Apple into the most valuable company in the world." (3/27/2017)

Snap saw a increase in short interest in May. As of May 31st, there was short interest totalling 65,535,068 shares, an increase of 68.0% from the May 15th total of 39,009,530 shares. Based on an average daily trading volume, of 17,559,609 shares, the short-interest ratio is presently 3.7 days. Approximately 17.5% of the company's shares are short sold.

Some companies that are related to Snap include RELX PLC (RELX), Ericsson (ERIC), Autodesk (ADSK), Amphenol Corporation (APH), Fortive Corporation (FTV), Level 3 Communications (LVLT), Kyocera Corporation (KYO), DXC Technology Company. (DXC), RELX N.V. (RENX), Hoya Corp. (HOCPY), Sse Plc (SSEZY), Agilent Technologies (A), TeliaSonera AB (TLSNY), Skyworks Solutions (SWKS), Microchip Technology Incorporated (MCHP), Check Point Software Technologies (CHKP), Symantec Corporation (SYMC) and ServiceNow (NOW).

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 $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 shareholders include FMR LLC (4.00%), JPMorgan Chase & Co. (1.34%), BlackRock Inc. (1.13%), Vanguard Group Inc. (0.81%), Jennison Associates LLC (0.63%) and General Atlantic LLC (0.58%). View Institutional Ownership Trends for Snap.

Snap's stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, JPMorgan Chase & Co., BlackRock Inc., Vanguard Group Inc., Jennison Associates LLC, General Atlantic LLC, Dragoneer Investment Group LLC and OppenheimerFunds Inc.. 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 $17.27.