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NYSE:SNAPSnap Stock Price, Forecast & News

$21.60
-0.42 (-1.91 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$21.55
Now: $21.60
$22.50
50-Day Range
$21.22
MA: $23.29
$26.41
52-Week Range
$7.89
Now: $21.60
$26.76
Volume16.38 million shs
Average Volume30.34 million shs
Market Capitalization$31.74 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.72
Snap Inc. operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests. In addition, the company offers Snap Map, which brings to a live map of individual location, showing nearby friends, popular stories, and a heatmap of recent snaps posted; Memories that allows users to choose to save the Snaps they create in a searchable personal collection, and users to create Snaps and stories from their saved Snaps and camera roll; and Spectacles, a hardware product that connects with Snapchat and captures video from a human perspective. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.27 out of 5 stars


Industry, Sector and Symbol

Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
CUSIPN/A
Phone310-399-3339

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.72 billion
Book Value$1.60 per share

Profitability

Net Income$-1,033,660,000.00

Miscellaneous

Employees3,195
Outstanding Shares1,469,220,000
Market Cap$31.74 billion
Next Earnings Date10/27/2020 (Estimated)
OptionableOptionable
$21.60
-0.42 (-1.91 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Snap (NYSE:SNAP) Frequently Asked Questions

How has Snap's stock been impacted by Coronavirus?

Snap's stock was trading at $10.81 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SNAP stock has increased by 99.8% and is now trading at $21.60.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Snap?

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."
View analyst ratings for Snap
.

When is Snap's next earnings date?

Snap is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
View our earnings forecast for Snap
.

How were Snap's earnings last quarter?

Snap Inc (NYSE:SNAP) posted its quarterly earnings results on Tuesday, April, 21st. The company reported ($0.08) EPS for the quarter, beating the Zacks' consensus estimate of ($0.20) by $0.12. The firm earned $462.50 million during the quarter, compared to the consensus estimate of $420.01 million. Snap had a negative net margin of 57.18% and a negative return on equity of 49.08%. The business's revenue for the quarter was up 44.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) earnings per share.
View Snap's earnings history
.

What price target have analysts set for SNAP?

35 brokerages have issued twelve-month price targets for Snap's shares. Their forecasts range from $14.00 to $30.00. On average, they expect Snap's share price to reach $23.55 in the next year. This suggests a possible upside of 9.0% from the stock's current price.
View analysts' price targets for Snap
.

Has Snap been receiving favorable news coverage?

News stories about SNAP stock have been trending extremely negative on Thursday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Snap earned a media sentiment score of -4.1 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.
View the latest news about Snap
.

Are investors shorting Snap?

Snap saw a drop in short interest in May. As of May 15th, there was short interest totaling 97,330,000 shares, a drop of 13.9% from the April 30th total of 113,100,000 shares. Based on an average daily trading volume, of 32,460,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 11.4% of the shares of the company are sold short.
View Snap's Short Interest
.

Who are some of Snap's key competitors?

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), Netflix (NFLX), Intel (INTC), Micron Technology (MU), Tesla (TSLA), Twitter (TWTR), Bank of America (BAC) and Walt Disney (DIS).

Who are Snap's key executives?

Snap's management team includes the following people:
  • Mr. Evan Spiegel, Co-Founder, CEO & Director (Age 28)
  • Mr. Robert Murphy, Co-Founder, CTO & Director (Age 30)
  • Mr. Jerry James Hunter, Sr. VP of Engineering (Age 54)
  • Ms. Jeremi Gorman, Chief Bus. Officer (Age 41)
  • Mr. Jared Grusd J.D., Chief Strategy Officer (Age 43)

When did Snap IPO?

(SNAP) raised $3 billion in an initial public offering (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 variety of retail and institutional investors. Top institutional shareholders 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%), Healthcare of Ontario Pension Plan Trust Fund (0.13%) and California Public Employees Retirement System (0.13%). 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
.

Which major investors are selling Snap stock?

SNAP stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Healthcare of Ontario Pension Plan Trust Fund, Russell Investments Group Ltd., Robeco Institutional Asset Management B.V., SG Americas Securities LLC, Prudential Financial Inc., Vista Wealth Management Group LLC, and Creative Planning. 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
.

Which major investors are buying Snap stock?

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

How do I buy shares of 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.

What is Snap's stock price today?

One share of SNAP stock can currently be purchased for approximately $21.60.

How big of a company is Snap?

Snap has a market capitalization of $31.74 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.

What is Snap's official website?

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

How can I contact Snap?

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]

This page was last updated on 8/13/2020 by MarketBeat.com Staff

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