NYSE:SNAPSnap Stock Price, Forecast & News

$20.33

+1.07 (+5.56 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$19.32

Now: $20.33▼

$20.34

50-Day Range

$12.44

MA: $16.95▼

$19.75

52-Week Range

$7.89

Now: $20.33▼

$20.34

Volume36.08 million shs

Average Volume31.48 million shs

Market Capitalization$28.87 billion

P/E RatioN/A

Dividend YieldN/A

Beta1.76

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.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Snap has received a consensus rating of Buy. The company's average rating score is 2.68, and is based on 26 buy ratings, 10 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $18.05, Snap has a potential downside of 11.2% from its current price of $20.33.
Amount of Analyst Coverage
Snap has been the subject of 25 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
Snap has received 879 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Snap has received 996 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Snap has received 53.12% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Snap and other stocks. Vote “Outperform” if you believe SNAP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SNAP will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Snap does not currently pay a dividend.
Dividend Growth
Snap does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Snap insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $121,923,192.00 in company stock.
Percentage Held by Institutions
39.48% of the stock of Snap is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Snap are expected to grow in the coming year, from ($0.74) to ($0.45) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Snap is -27.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Snap is -27.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Snap has a P/B Ratio of 12.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.25 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Computer programming, data processing, & other computer related

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNYSE:SNAP

Previous Symbol

CUSIPN/A

CIK1564408

Webwww.snap.com

Phone310-399-3339

Debt

Debt-to-Equity Ratio0.56

Current Ratio4.83

Quick Ratio4.83

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.72 billion

Price / Sales16.83

Cash FlowN/A

Price / Cash FlowN/A

Book Value$1.60 per share

Price / Book12.71

Profitability

EPS (Most Recent Fiscal Year)($0.75)

Net Income$-1,033,660,000.00

Net Margins-55.40%

Return on Equity-46.64%

Return on Assets-28.29%

Miscellaneous

Employees3,195

Outstanding Shares1,420,189,000

Market Cap$28.87 billion

Next Earnings Date7/28/2020 (Estimated)

OptionableOptionable

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Snap (NYSE:SNAP) Frequently Asked Questions

How has Snap's stock been impacted by COVID-19 (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 shares have increased by 88.1% and is now trading at $20.33. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Snap?

37 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 26 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, July 28th 2020. View our earnings forecast for Snap.

How were Snap's earnings last quarter?

Snap Inc (NYSE:SNAP) announced its quarterly earnings data 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 business earned $462.50 million during the quarter, compared to analysts' expectations of $420.01 million. Snap had a negative return on equity of 46.64% and a negative net margin of 55.40%. The business's quarterly revenue was up 44.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.10) earnings per share. View Snap's earnings history.

What price target have analysts set for SNAP?

37 equities research analysts have issued 12-month price targets for Snap's stock. Their forecasts range from $12.25 to $24.00. On average, they expect Snap's stock price to reach $18.05 in the next year. This suggests that the stock has a possible downside of 11.2%. View analysts' price targets for Snap.

What are Wall Street analysts saying about Snap stock?

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

1. Stifel Nicolaus analysts commented, "We maintain our Buy rating and $19 Target Price on SNAP shares. Audience tracker suggests a relatively steady user base in the U.S. and abroad: Based on recently released Snap Ad reach estimates for August, it appears U.S. / global DAUs are still tracking ahead of our sequential DAU forecasts for 3Q:19 (on pace for +4.0mm to +5.0mm globally vs. our +3mm 3Q forecast and Snap’s guidance for +2.0mm to +4.0mm for the full quarter), absent any meaningful changes in daily engagement / usage patterns outside of the top 10 advertising markets, although aggregate reach across the markets we track was down slightly m/m. As we discussed in the July report, we believe September is the seasonally strongest month for sequential DAU growth during 3Q as students are back in school, whereas usage is generally weaker during July and August due to summer vacations." (9/4/2019)
2. Pivotal Research analysts commented, "We are maintaining our Buy rating and increasing our target price from $17.25 to $20.75 as we roll forward our 12-month TP based on 9.5x EV/Sales on our above street 2021 estimates. This quarter was a strong –way stronger than we anticipated– confirmation to our view that SNAP is hitting an inflection point. They delivered a blow-out DAU adds, revenue and EBITDA beats, and had both strong EBITDA and revenue guidance." (7/24/2019)

Has Snap been receiving favorable news coverage?

News headlines about SNAP stock have been trending very negative on Friday, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Snap earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutSnap.

Are investors shorting Snap?

Snap saw a increase in short interest in May. As of May 15th, there was short interest totaling 113,100,000 shares, an increase of 5.2% from the April 30th total of 107,540,000 shares. Based on an average daily volume of 32,610,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 13.4% of the company's shares are sold short. View Snap's Current Options Chain.

Who are some of Snap's key competitors?

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

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 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 investors include Edgewood Management LLC (4.35%), BlackRock Inc. (1.99%), Capital World Investors (1.87%), First Trust Advisors LP (1.02%), Samlyn Capital LLC (0.63%) and State Street Corp (0.58%). 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.

Which major investors are selling Snap stock?

SNAP stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Two Sigma Advisers LP, Deutsche Bank AG, Balyasny Asset Management LLC, BlackRock Inc., Janus Henderson Group PLC, and Caisse DE Depot ET Placement DU Quebec. 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 bought by a variety of institutional investors in the last quarter, including Edgewood Management LLC, Capital World Investors, Samlyn Capital LLC, Healthcare of Ontario Pension Plan Trust Fund, Russell Investments Group Ltd., Sumitomo Mitsui Trust Holdings Inc., Columbus Circle Investors, and Wells Fargo & Company MN. 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 $20.33.

How big of a company is Snap?

Snap has a market capitalization of $28.87 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 6/5/2020 by MarketBeat.com Staff