NYSE:SNAPSnap Stock Price, Forecast & News

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.
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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) 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.

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.

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.

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.

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), FactSet Research Systems (FDS), Wix.Com (WIX), Line (LN), GDS (GDS), 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), 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).

(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.

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 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.

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.

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.

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 $21.60.

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.

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]