Snap - SNAP Stock Forecast, Price & News

37 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap in the last twelve months. There are currently 3 sell ratings, 21 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SNAP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SNAP, but not buy additional shares or sell existing shares.
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37 brokers have issued 1 year price objectives for Snap's stock. Their SNAP share price forecasts range from $8.00 to $48.00. On average, they anticipate the company's share price to reach $20.65 in the next twelve months. This suggests a possible upside of 68.7% from the stock's current price.
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Snap's stock was trading at $47.03 at the start of the year. Since then, SNAP shares have decreased by 74.0% and is now trading at $12.24.
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Snap saw a increase in short interest in July. As of July 31st, there was short interest totaling 60,810,000 shares, an increase of 22.4% from the July 15th total of 49,670,000 shares. Based on an average trading volume of 56,310,000 shares, the short-interest ratio is currently 1.1 days. Currently, 5.9% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our SNAP earnings forecast.

Snap Inc. (NYSE:SNAP) released its earnings results on Thursday, October, 21st. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.06. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.09 billion. Snap had a negative net margin of 18.31% and a negative trailing twelve-month return on equity of 21.55%. During the same quarter in the previous year, the business posted ($0.14) earnings per share.

Snap issued an update on its second quarter 2022 earnings guidance on Tuesday, June, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of -$1.18 billion, compared to the consensus revenue estimate of $1.22 billion.

184 employees have rated Snap Chief Executive Officer Evan Spiegel on Glassdoor.com. Evan Spiegel has an approval rating of 79% among the company's employees.

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

(SNAP) raised $3 billion in an initial public offering 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 number of institutional and retail investors. Top institutional investors include Jennison Associates LLC (0.91%), Baillie Gifford & Co. (0.69%), Renaissance Technologies LLC (0.68%), Artisan Partners Limited Partnership (0.68%), Citadel Advisors LLC (0.00%) and DnB Asset Management AS (0.52%). Insiders that own company stock include Derek Andersen, Evan Spiegel, Jared Grusd, Jeremi Gorman, Jerry James Hunter, Joanna Coles, Lara Sweet, Michael J O'sullivan, Michael J O'sullivan, Michael Lynton, Michael Waterman, Poppy Thorpe, Rebecca Morrow, Robert C Murphy, Robert C Murphy and Stanley J Meresman.
View institutional ownership trends.

Shares of SNAP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SNAP stock can currently be purchased for approximately $12.24.

Snap (NYSE:SNAP) has a market capitalization of $20.18 billion and generates $4.12 billion in revenue each year. The company earns $-487,950,000.00 in net income (profit) each year or ($0.52) on an earnings per share basis.

The company employs 5,661 workers across the globe.

Snap was founded in 2011.

Snap's mailing address is 2772 DONALD DOUGLAS LOOP NORTH, SANTA MONICA CA, 90405. The official website for the company is www.snap.com. The company can be reached via phone at (310) 399-3339 or via email at ir@snap.com.