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. Since then, SNAP stock has increased by 116.7% and is now trading at $23.42. View which stocks have been most impacted by Coronavirus.

36 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 1 sell rating, 10 hold ratings and 25 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Snap.

Snap is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Snap.

Snap Inc (NYSE:SNAP) released its quarterly earnings results on Tuesday, April, 21st. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.12. The business had revenue of $462.50 million for the quarter, compared to the consensus estimate of $420.01 million. Snap had a negative net margin of 55.40% and a negative return on equity of 46.64%. The company's revenue was up 44.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.10) EPS. View Snap's earnings history.

36 equities research analysts have issued 12 month price objectives for Snap's stock. Their forecasts range from $13.00 to $28.00. On average, they expect Snap's stock price to reach $20.08 in the next twelve months. This suggests that the stock has a possible downside of 14.3%. View analysts' price targets for Snap.

News articles about SNAP stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Snap earned a daily sentiment score of -2.1 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Snap.

Snap saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 92,330,000 shares, an increase of 11.0% from the June 15th total of 83,210,000 shares. Based on an average daily trading volume, of 30,820,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 10.7% of the shares of the stock are sold short. View Snap's Current Options Chain.

Some companies that are related to Snap include Zoom Video Communications (ZM), Baidu (BIDU), IHS Markit (INFO), Twitter (TWTR), Trade Desk (TTD), Yandex (YNDX), Pinterest (PINS), Wix.Com (WIX), FactSet Research Systems (FDS), GDS (GDS), Line (LN), 58.com (WUBA), Weibo (WB), Livongo Health (LVGO) and Legend Biotech (DADA). View all competitors.

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 IPO 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 served 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 retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.02%). 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, Mitchell Lasky, Rebecca Morrow, Robert C Murphy, Stanley J Meresman and Timothy R Stone. View institutional ownership trends for Snap.

SNAP stock was purchased by a variety of institutional investors in the last quarter, including 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 $23.42.

Snap has a market capitalization of $34.14 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]