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Lowest-Rated Stocks   Most-Downgraded Stocks  
NYSE:SNAP

Snap - SNAP Stock Forecast, Price & News

$10.31
+0.49 (+4.99%)
(As of 11/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$9.65
▼
$10.32
50-Day Range
$7.76
▼
$11.78
52-Week Range
$7.33
▼
$54.89
Volume
44.18 million shs
Average Volume
45.61 million shs
Market Capitalization
$16.63 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.85

Snap MarketRank™ Forecast

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
44.0% Upside
$14.85 Price Target
Short Interest
Healthy
7.27% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.87mentions of Snap in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$10.97 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.63) to ($0.35) Per Share

Overall MarketRank™

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

2.19 out of 5 stars

Computer And Technology Sector

337th out of 632 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

32nd out of 65 stocks

See Top Rated MarketRank™ Stocks Here
SNAP stock logo

About Snap (NYSE:SNAP) Stock

Snap Inc. is a social media company operating globally. The company was founded in September 2011 by Evan Spiegel and Bobby Murphy. Originally known as Snapchat, the company changed its name to Snap in order to represent its offerings better as it grew over the years. The company’s headquarters are in Santa Monica, California and it is a very tightly held company. The original founders, Evan Speigel and Bobby Murphy own a combined 45% of non-dilutable shares with ownership transferable to the other upon death. The two remain active in the company today serving on the board and acting as CEO (Speigel) and CTO (Murphy).

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. Over the years it has been courted by most of the big tech companies including Facebook and Google but has always opted to remain a standalone company. The business went public in 2017 and raised $30 billion on its opening day which is about 10 times the expected amount.

Today, Snap operates as a camera company internationally. The company’s main revenue streams are Snapchat, a mobile app for cameras and communications, and Spectacles, a wearable augmented reality device. Snapchat is a camera app that allows users to take pictures and tell stories, the platform also permits ad sales which is an integral part of the revenue and earnings. The company’s mission? To empower people to express themselves in today’s digital world.

Spectacles is a hardware device that can connect with Snapchat to deliver pictures and video from a point-of-view perspective. The company has since made three upgrades to the original version and has a Next Generation model available too. The Next Generation of Spectacles are not intended for sale but will be made available to creators who wish to push the boundaries of video and digital communications.

In October 2022 the company reported it had more than 347milion daily active users with more than 250 million engaging with AR each day. The platform had more than 250,000 Lens creators (Lenses are AR experiences) with more than 2.5 million lenses created. There were more than 6 billion lens plays each day and more than 75% of 13-34-year-olds in 20 countries were users.

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SNAP Stock News Headlines

November 28, 2022 | finance.yahoo.com
Snap Staff Told to Be in Office Four Days a Week Starting in February
November 25, 2022 | stocknews.com
2 Stocks to Sell Before They Bleed More Cash
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November 21, 2022 | americanbankingnews.com
Snap Inc. (NYSE:SNAP) Receives $12.47 Average Price Target from Brokerages
November 20, 2022 | americanbankingnews.com
Snap Inc. (NYSE:SNAP) CFO Sells $20,214.48 in Stock
November 15, 2022 | investorplace.com
7 Chinese Stocks to Snap Up on China’s Market Crash
November 10, 2022 | finance.yahoo.com
4 Solid Stocks to Watch on a Booming Metaverse Space
November 4, 2022 | stocknews.com
The 4 Scariest Stocks You Could Own in 2022
November 30, 2022 | Legacy Research (Ad)
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November 3, 2022 | finance.yahoo.com
Meta’s India Chief Quits To Become Snap’s Asia-Pacific President
October 26, 2022 | finance.yahoo.com
RiverPark Funds’ Best Q3 Loser: Snap Inc. (SNAP)
October 26, 2022 | finance.yahoo.com
Snap’s Evan Spiegel Slams the Metaverse, Touts Own AR Vision
October 25, 2022 | finance.yahoo.com
Google’s Bottom Line Is Now Top of Mind
October 25, 2022 | marketwatch.com
: Google ad sales take a hit and widely miss estimates, Alphabet stock drops 6%
October 22, 2022 | finance.yahoo.com
US$11.86: That's What Analysts Think Snap Inc. (NYSE:SNAP) Is Worth After Its Latest Results
October 21, 2022 | investorplace.com
Why Collapsing Snap Stock Could Soar 200% in 2023
October 20, 2022 | finance.yahoo.com
Snap investors, do you still trust Evan Spiegel?
October 20, 2022 | finance.yahoo.com
Snap Inc. (SNAP) Q3 2022 Earnings Call Transcript
October 20, 2022 | marketwatch.com
Earnings Results: Snap stock plummets more than 25% as online advertising continues to struggle
October 20, 2022 | finance.yahoo.com
Pinterest Leads Drop in Social Media Stocks as Snap Disappoints
October 20, 2022 | finance.yahoo.com
Snap Investors Brace for Another Stock Shock in Tough Year
October 20, 2022 | finance.yahoo.com
UK Watchdog Fires Warning Shots at Snap and Twitch on Safety
October 14, 2022 | stocknews.com
2 Terrible Stocks You'll Regret Picking up This Fall
October 11, 2022 | businesswire.com
CORRECTING and REPLACING Snap Inc. Announces Date of Third Quarter 2022 Results Conference Call - Business Wire
October 11, 2022 | finance.yahoo.com
CORRECTING and REPLACING Snap Inc. Announces Date of Third Quarter 2022 Results Conference Call
October 7, 2022 | stocknews.com
3 Unstable Stocks to Sell Before It's Too Late
September 22, 2022 | stocknews.com
2 Stocks You Should Take off Your Watchlist This Fall
See More Headlines
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SNAP Company Calendar

Last Earnings
10/20/2022
Today
11/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/02/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NYSE:SNAP
CUSIP
N/A
CIK
1564408
Web
www.snap.com
Phone
(310) 399-3339
Fax
N/A
Employees
5,661
Year Founded
2011

Price Target and Rating

Average Stock Price Forecast
$14.85
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
+44.0%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
38 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.69)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-487,950,000.00
Net Margins
-24.32%
Pretax Margin
-23.50%
Return on Equity
-25.57%
Return on Assets
-10.44%

Debt

Debt-to-Equity Ratio
1.29
Current Ratio
4.86
Quick Ratio
4.86

Sales & Book Value

Annual Sales
$4.12 billion
Price / Sales
4.04
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.80 per share
Price / Book
5.73

Miscellaneous

Outstanding Shares
1,613,101,000
Free Float
N/A
Market Cap
$16.63 billion
Optionable
Optionable
Beta
0.94

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. Jerry James HunterMr. Jerry James Hunter (Age 57)
    Chief Operating Officer
    Comp: $737.16k
  • Mr. Michael O'Sullivan (Age 56)
    Gen. Counsel & Sec.
    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
  • Ms. Darcie Henry
    Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SNAP Stock - Frequently Asked Questions

Should I buy or sell Snap stock right now?

38 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 3 sell ratings, 27 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 2023?

38 Wall Street research analysts have issued 12-month price targets for Snap's shares. Their SNAP share price forecasts range from $7.00 to $48.00. On average, they predict the company's stock price to reach $14.85 in the next year. This suggests a possible upside of 51.2% 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 beginning of 2022. Since then, SNAP stock has decreased by 79.1% and is now trading at $9.82.
View the best growth stocks for 2022 here.

Are investors shorting Snap?

Snap saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 77,600,000 shares, an increase of 37.8% from the October 15th total of 56,300,000 shares. Based on an average daily volume of 52,570,000 shares, the short-interest ratio is currently 1.5 days. Approximately 7.7% of the company's stock 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, February 2nd 2023.
View our SNAP earnings forecast.

How were Snap's earnings last quarter?

Snap Inc. (NYSE:SNAP) posted its quarterly earnings results on Thursday, October, 20th. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.06. The firm earned $1.13 billion during the quarter, compared to analysts' expectations of $1.15 billion. Snap had a negative trailing twelve-month return on equity of 25.57% and a negative net margin of 24.32%.

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 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 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 a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.61%), Two Sigma Advisers LP (1.36%), Two Sigma Investments LP (1.00%), Jane Street Group LLC (0.00%), Baillie Gifford & Co. (0.68%) and Citadel Advisors LLC (0.00%). 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 $9.82.

How much money does Snap make?

Snap (NYSE:SNAP) has a market capitalization of $15.84 billion and generates $4.12 billion in revenue each year. The company earns $-487,950,000.00 in net income (profit) each year or ($0.69) 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 11/30/2022 by MarketBeat.com Staff