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Snap - SNAP Stock Forecast, Price & News

$11.56
-1.00 (-7.96%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$11.51
$12.26
50-Day Range
$9.54
$16.35
52-Week Range
$9.34
$83.34
Volume
45.95 million shs
Average Volume
44.78 million shs
Market Capitalization
$19.06 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.65

Snap MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
78.6% Upside
$20.65 Price Target
Short Interest
Bearish
5.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.39mentions of Snap in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$13.44 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.76) to ($0.57) Per Share

Overall MarketRank

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

2.21 out of 5 stars

Computer And Technology Sector

365th out of 653 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

33rd out of 69 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.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SNAP shares. Huber Research downgraded shares of Snap from an "overweight" rating to an "underweight" rating in a research note on Monday, June 6th. The Goldman Sachs Group downgraded shares of Snap from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $25.00 to $12.00 in a research note on Wednesday, August 3rd. Guggenheim downgraded shares of Snap from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $18.00 to $12.00 in a research note on Friday, July 22nd. Stifel Nicolaus downgraded shares of Snap from a "buy" rating to a "hold" rating and dropped their price target for the stock from $20.00 to $14.00 in a research note on Friday, July 22nd. Finally, Royal Bank of Canada dropped their price target on shares of Snap from $17.00 to $10.00 in a research note on Friday, July 22nd. Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Snap presently has an average rating of "Hold" and a consensus price target of $21.94.

Snap Trading Down 6.9 %

NYSE:SNAP traded down $0.87 during mid-day trading on Friday, hitting $11.69. 1,428,215 shares of the company's stock were exchanged, compared to its average volume of 83,985,016. The company has a 50 day simple moving average of $12.47 and a 200-day simple moving average of $24.15. The company has a current ratio of 5.65, a quick ratio of 5.65 and a debt-to-equity ratio of 1.09. Snap has a fifty-two week low of $9.34 and a fifty-two week high of $83.34. The firm has a market capitalization of $19.28 billion, a P/E ratio of -22.35 and a beta of 1.01.

Insider Buying and Selling

In other Snap news, General Counsel Michael J. O'sullivan sold 41,929 shares of the firm's stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $12.29, for a total transaction of $515,307.41. Following the completion of the transaction, the general counsel now owns 696,175 shares in the company, valued at approximately $8,555,990.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, General Counsel Michael J. O'sullivan sold 41,929 shares of Snap stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $12.29, for a total value of $515,307.41. Following the completion of the sale, the general counsel now owns 696,175 shares in the company, valued at approximately $8,555,990.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Robert C. Murphy sold 900,000 shares of Snap stock in a transaction on Monday, July 25th. The shares were sold at an average price of $9.80, for a total transaction of $8,820,000.00. Following the completion of the sale, the chief technology officer now owns 73,869,215 shares of the company's stock, valued at approximately $723,918,307. The disclosure for this sale can be found here. Insiders have sold a total of 1,241,018 shares of company stock worth $13,443,927 in the last ninety days.

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SNAP Stock News Headlines

Russia fines WhatsApp, Snapchat over data storage
Russian regulators have fined chat service WhatsApp and Snapchat for failing to store Russian users’ data on local servers as part of government efforts to control online activity
Derek Andersen Sells 3,276 Shares of Snap Inc. (NYSE:SNAP) Stock
Snap Inc. (NYSE:SNAP) VP Sells $750,320.28 in Stock
Brokerages Set Snap Inc. (NYSE:SNAP) Target Price at $20.67
Morgan Stanley Lowers Snap (NYSE:SNAP) to Underweight
Snap Inc. (NYSE:SNAP) CTO Sells $8,820,000.00 in Stock
Snap (NYSE:SNAP) Downgraded by Argus
Snap (NYSE:SNAP) Price Target Cut to $15.00
Morgan Stanley Downgrades Snap (NYSE:SNAP) to Underweight
Why Snap's pain may not be over yet - MarketWatch
Snap (NYSE:SNAP) PT Lowered to $15.00
Snap (NYSE:SNAP) Cut to Neutral at Moffett Nathanson
Snap (NYSE:SNAP) PT Lowered to $10.00 at Cowen
See More Headlines
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SNAP Company Calendar

Last Earnings
10/21/2021
Today
8/19/2022
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
$20.65
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+78.6%
Consensus Rating
Hold
Rating Score (0-4)
2.27
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
$2.09 per share

Miscellaneous

Outstanding Shares
1,648,966,000
Free Float
N/A
Market Cap
$19.06 billion
Optionable
Optionable
Beta
1.01

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
  • Ms. Kristin Southey
    VP of Investor Relations
  • Hansen Shi
    Investor Relations
  • Ms. Julie Henderson
    Chief Communications 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, 21 hold ratings and 13 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 12-month price targets for Snap's shares. Their SNAP share price forecasts range from $8.00 to $48.00. On average, they anticipate the company's share price to reach $20.65 in the next twelve months. This suggests a possible upside of 78.6% 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 75.4% and is now trading at $11.56.
View the best growth stocks for 2022 here
.

Are investors shorting Snap?

Snap saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 60,810,000 shares, an increase of 22.4% from the July 15th total of 49,670,000 shares. Based on an average daily trading volume, of 56,310,000 shares, the short-interest ratio is currently 1.1 days. Currently, 5.9% 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, October 20th 2022.
View our SNAP earnings forecast
.

How were Snap's earnings last quarter?

Snap Inc. (NYSE:SNAP) posted its quarterly earnings data on Thursday, October, 21st. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.09 billion. Snap had a negative trailing twelve-month return on equity of 21.55% and a negative net margin of 18.31%. During the same quarter in the previous year, the company earned ($0.14) earnings per share.

What guidance has Snap issued on next quarter's earnings?

Snap updated its second quarter 2022 earnings guidance on Tuesday, June, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of -$1.18 billion, compared to the consensus revenue estimate of $1.22 billion.

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 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 a number of 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 $11.56.

How much money does Snap make?

Snap (NYSE:SNAP) has a market capitalization of $19.06 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
When was Snap founded?

Snap was founded in 2011.

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 8/19/2022 by MarketBeat.com Staff

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