Snap Company Profile (NYSE:SNAP)

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

Snap Inc. (NYSE:SNAP) issued its quarterly earnings results on Thursday, August, 10th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.29) by $0.07. The firm earned $181.70 million during the quarter, compared to analysts' expectations of $186.49 million. The firm's quarterly revenue was up 153.1% on a year-over-year basis. View Snap's Earnings History.

Snap is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Snap.

43 analysts have issued 12 month price objectives for Snap's stock. Their predictions range from $8.00 to $30.00. On average, they expect Snap's stock price to reach $18.32 in the next twelve months. View Analyst Ratings for Snap.

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

• 1. According to Zacks Investment Research, "Snap Inc. provides technology and social media services. The Company's principal product Snapchat, is a camera application that helps people to communicate through short videos and images. Snap Inc. is headquartered in Venice, California. " (10/18/2017)
• 2. Cantor Fitzgerald analysts commented, "Monetization per minute has significant upside potential… We’re modeling for Snap’s 2017 US ad revenue per DAU (ARPU) to rise 53.4% y/y to $9.56 (vs. FB’s (OW) $103.31), and for its 2017 US ad rev per min (x 1,000) to also rise by 53.4% y/y to $0.87 (vs. FB’s $5.66). On both counts, we believe Snap’s monetization has room to go substantially higher as bid density improves on the self-serve platform and as mobile video/ads in the Discover tab ramp up." (9/15/2017)
• 3. Drexel Hamilton analysts commented, "We continue to believe Snap has strong upside potential over the next 12 months as reflected in our $30.00 price target." (9/14/2017)
• 4. Stifel Nicolaus analysts commented, "We view shares as a compelling risk / reward opportunity and upgrade SNAP shares to Buy from Hold. Our 12-month, DCF-based Price Target of $22 remains unchanged. We highlight our key points below in the attached presentation." (7/13/2017)
• 5. Credit Suisse Group analysts commented, "sometimes grow in fits and starts," Ju argued. The longer-term picture is encouraging and the social media platform and hardware company will benefit from two themes: 1) better access to the younger demographic and 2) improving ROI/measurability.Moreover, at below $17 per share, Snap's stock represents a favorable risk to reward profile with further downside potential of just 13 percent but upside potential of 45 percent, the analyst emphasized. Also important to keep in mind is the fact that approximately 711 million shares could come into the market after a standard lock-up period. As such, investors should expect higher levels of volatility in the near term.Bottom line, although Snap hasn't demonstrated a "more comfortable growth path" it is still a "scarce asset" (7/10/2017)

Snap saw a increase in short interest in the month of September. As of September 29th, there was short interest totalling 108,331,767 shares, an increase of 4.3% from the September 15th total of 103,910,916 shares. Based on an average daily volume of 20,013,284 shares, the short-interest ratio is presently 5.4 days. Currently, 22.3% of the company's shares are sold short.

Some companies that are related to Snap include Momo (MOMO), GrubHub (GRUB), Cheetah Mobile (CMCM), Mitek Systems (MITK), Telenav (TNAV), Bango plc (BGO), SITO Mobile (SITO), Artilium plc (ARTA), Nektan PLC (NKTN), China Mobile Games & Entnmnt Grp Ltd (CMGE), GLOBO Plc (GBO), iDreamSky Technology Ltd (DSKY) and Motive Television Plc (MTV).

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 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.

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 $16.09.