NYSE:SNAPSnap Stock Price, Forecast & News

Snap's stock was trading at $10.81 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SNAP shares have increased by 99.6% and is now trading at $21.58.
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35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 1 sell rating, 11 hold ratings and 23 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Snap is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
View our earnings forecast for Snap.

Snap Inc (NYSE:SNAP) announced its earnings results on Tuesday, April, 21st. The company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.20) by $0.12. The firm earned $462.50 million during the quarter, compared to analyst estimates of $420.01 million. Snap had a negative return on equity of 49.08% and a negative net margin of 57.18%. Snap's quarterly revenue was up 44.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.10) earnings per share.
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35 analysts have issued 1 year price objectives for Snap's shares. Their forecasts range from $14.00 to $30.00. On average, they anticipate Snap's stock price to reach $23.55 in the next year. This suggests a possible upside of 9.1% from the stock's current price.
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Media coverage about SNAP stock has been trending very positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Snap earned a daily sentiment score of 4.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
View the latest news about Snap.

Snap saw a decrease in short interest in July. As of July 31st, there was short interest totaling 89,360,000 shares, a decrease of 6.6% from the July 15th total of 95,680,000 shares. Based on an average daily trading volume, of 29,890,000 shares, the days-to-cover ratio is currently 3.0 days. Approximately 10.1% of the shares of the stock are short sold.
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Some companies that are related to Snap include Zoom Video Communications (ZM), Baidu (BIDU), IHS Markit (INFO), Twitter (TWTR), Trade Desk (TTD), Pinterest (PINS), Yandex (YNDX), Wix.Com (WIX), FactSet Research Systems (FDS), GDS (GDS), Line (LN), Livongo Health (LVGO), 58.com (WUBA), Weibo (WB) and Legend Biotech (DADA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Snap investors own include NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Intel (INTC), Netflix (NFLX), Micron Technology (MU), Twitter (TWTR), Tesla (TSLA), Bank of America (BAC) and General Electric (GE).

(SNAP) raised $3 billion in an initial public offering 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNAP."

Snap's stock is owned by a variety of institutional and retail investors. Top institutional investors include First Trust Advisors LP (0.77%), Sumitomo Mitsui Trust Holdings Inc. (0.45%), Swiss National Bank (0.24%), Ardevora Asset Management LLP (0.16%), Columbus Circle Investors (0.10%) and Russell Investments Group Ltd. (0.09%). Company insiders that own Snap stock include Derek Andersen, Evan Spiegel, Imran Khan, Jared Grusd, Jeremi Gorman, Jerry James Hunter, Joanna Coles, Lara Sweet, Michael J O'sullivan, Michael Lynton, Rebecca Morrow, Robert C Murphy, Stanley J Meresman and Timothy R Stone.
View institutional ownership trends for Snap.

SNAP stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Russell Investments Group Ltd., Robeco Institutional Asset Management B.V., SG Americas Securities LLC, Vista Wealth Management Group LLC, Creative Planning, Andra AP fonden, and Enlightenment Research LLC. Company insiders that have sold Snap company stock in the last year include Derek Andersen, Evan Spiegel, Jared Grusd, Jeremi Gorman, Jerry James Hunter, Joanna Coles, Lara Sweet, Michael J O'sullivan, Michael Lynton, Rebecca Morrow, Robert C Murphy, and Stanley J Meresman.
View insider buying and selling activity for Snap.

SNAP stock was bought by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Sumitomo Mitsui Trust Holdings Inc., Swiss National Bank, Zweig DiMenna Associates LLC, NN Investment Partners Holdings N.V., State of Michigan Retirement System, NN Investment Partners Holdings N.V., and State of Alaska Department of Revenue.
View insider buying and selling activity for Snap.

Shares of SNAP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SNAP stock can currently be purchased for approximately $21.58.

Snap has a market capitalization of $31.46 billion and generates $1.72 billion in revenue each year. The company earns $-1,033,660,000.00 in net income (profit) each year or ($0.75) on an earnings per share basis. Snap employs 3,195 workers across the globe.

The official website for Snap is www.snap.com.

Snap's mailing address is 2772 DONALD DOUGLAS LOOP NORTH, SANTA MONICA CA, 90405. The company can be reached via phone at 310-399-3339 or via email at [email protected]