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S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
"Prepare for Five Years of Famine" (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
3 Stocks Set to Lead the Nasdaq Bull Market
Norway hits export record amid soaring gas prices
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
Is Ford About To Crush Workhorse Group? 
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
"Prepare for Five Years of Famine" (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
3 Stocks Set to Lead the Nasdaq Bull Market
Norway hits export record amid soaring gas prices
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
Is Ford About To Crush Workhorse Group? 
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
"Prepare for Five Years of Famine" (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
3 Stocks Set to Lead the Nasdaq Bull Market
Norway hits export record amid soaring gas prices
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
Stocks end higher on Wall Street; economic worries hit oil
Myanmar executions revive pressure for more sanctions
Is Ford About To Crush Workhorse Group? 
Potential 500% Return From A Unique $1 Asset? (Ad)pixel

Snap - SNAP Stock Forecast, Price & News

$12.24
+0.62 (+5.34%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$11.56
$12.39
50-Day Range
$9.54
$16.35
52-Week Range
$9.34
$83.34
Volume
63.35 million shs
Average Volume
44.35 million shs
Market Capitalization
$20.18 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.65

Snap MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
68.7% Upside
$20.65 Price Target
Short Interest
Bearish
5.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.34mentions of Snap in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$16.50 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.76) to ($0.57) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

Computer And Technology Sector

376th out of 664 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

33rd out of 64 stocks

SNAP stock logo

About Snap (NYSE:SNAP) Stock

Snap Inc. operates as a camera company in North America, Europe, and internationally. The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, story ads, collection ads, dynamic ads, and commercials. 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.

Snap Price Performance

Snap stock opened at $12.24 on Tuesday. Snap has a one year low of $9.34 and a one year high of $83.34. The business has a fifty day moving average price of $12.61 and a 200-day moving average price of $24.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 5.65 and a quick ratio of 5.65. The firm has a market capitalization of $20.18 billion, a P/E ratio of -23.54 and a beta of 1.02.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SNAP. Barclays dropped their price objective on shares of Snap from $20.00 to $15.00 and set an "overweight" rating on the stock in a research note on Friday, July 22nd. Loop Capital decreased their price objective on shares of Snap from $65.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, May 26th. UBS Group reduced their price target on shares of Snap from $17.00 to $15.00 and set a "buy" rating for the company in a report on Monday, July 25th. Cowen reduced their price target on shares of Snap from $17.00 to $10.00 and set a "market perform" rating for the company in a report on Friday, July 22nd. Finally, Argus downgraded shares of Snap from a "buy" rating to a "hold" rating in a report on Monday, July 25th. Three investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $21.94.

Insider Transactions at Snap

In other news, Director Joanna Coles sold 20,000 shares of the firm's stock in a transaction on Monday, July 25th. The stock was sold at an average price of $10.00, for a total value of $200,000.00. Following the completion of the transaction, the director now directly owns 27,041 shares of the company's stock, valued at $270,410. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CTO Robert C. Murphy sold 900,000 shares of Snap stock in a transaction on Monday, July 25th. The stock was sold at an average price of $9.80, for a total transaction of $8,820,000.00. Following the completion of the sale, the chief technology officer now owns 73,869,215 shares of the company's stock, valued at $723,918,307. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joanna Coles sold 20,000 shares of Snap stock in a transaction on Monday, July 25th. The shares were sold at an average price of $10.00, for a total value of $200,000.00. Following the sale, the director now directly owns 27,041 shares of the company's stock, valued at approximately $270,410. The disclosure for this sale can be found here. Insiders sold 1,107,732 shares of company stock valued at $12,441,293 over the last three months.

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SNAP Stock News Headlines

Russia fines WhatsApp, Snapchat over data storage
Russian regulators have fined chat service WhatsApp and Snapchat for failing to store Russian users’ data on local servers as part of government efforts to control online activity
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Brokerages Set Snap Inc. (NYSE:SNAP) Target Price at $20.67
Morgan Stanley Lowers Snap (NYSE:SNAP) to Underweight
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Snap Inc. (NYSE:SNAP) CTO Sells $8,820,000.00 in Stock
Snap (NYSE:SNAP) Downgraded by Argus
Snap (NYSE:SNAP) Price Target Cut to $15.00
Morgan Stanley Downgrades Snap (NYSE:SNAP) to Underweight
Why Snap's pain may not be over yet - MarketWatch
Snap (NYSE:SNAP) PT Lowered to $15.00
Snap (NYSE:SNAP) Cut to Neutral at Moffett Nathanson
Snap (NYSE:SNAP) PT Lowered to $10.00 at Cowen
Snap (NYSE:SNAP) Price Target Lowered to $10.00 at Cowen
See More Headlines
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SNAP Company Calendar

Last Earnings
10/21/2021
Today
8/16/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Fax
N/A
Employees
5,661
Year Founded
2011

Price Target and Rating

Average Stock Price Forecast
$20.65
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+68.7%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
37 Analysts

Profitability

Net Income
$-487,950,000.00
Pretax Margin
-17.66%

Debt

Sales & Book Value

Annual Sales
$4.12 billion
Book Value
$2.34 per share

Miscellaneous

Outstanding Shares
1,648,966,000
Free Float
N/A
Market Cap
$20.18 billion
Optionable
Optionable
Beta
1.02

Social Links















SNAP Stock - Frequently Asked Questions

Should I buy or sell Snap stock right now?

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.
View SNAP analyst ratings
or view top-rated stocks.

What is Snap's stock price forecast for 2022?

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.
View analysts price targets for SNAP
or view top-rated stocks among Wall Street analysts.

How have SNAP shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Snap?

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.
View Snap's Short Interest
.

When is Snap's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our SNAP earnings forecast
.

How were Snap's earnings last quarter?

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.

What guidance has Snap issued on next quarter's earnings?

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.

What is Evan Spiegel's approval rating as Snap's CEO?

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.

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), 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).

When did Snap IPO?

(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.

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 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
.

How do I buy shares of Snap?

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.
Compare Top Brokerages Here.

What is Snap's stock price today?

One share of SNAP stock can currently be purchased for approximately $12.24.

How much money does Snap make?

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.

How many employees does Snap have?

The company employs 5,661 workers across the globe.

Does Snap have any subsidiaries?
The following companies are subsidiares of Snap: AIFactory, AddLive, Bitstrips, Cimagine Media, Ctrl Me Robotics, Flite, Looksery, Metamarkets, Placed Inc., PlayCanvas, Scan, Seene, Snap Aus Pty Ltd, Snap Group Limited, Snap Group SAS, Snap Intermediate Inc., Snap International I Limited, Snap International II Limited, Snap LLC, Strong.codes, Teleport Future Technologies Inc., Vergence Labs, Voisey, Vurb, and Zenly.
Read More
When was Snap founded?

Snap was founded in 2011.

How can I contact Snap?

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.

This page (NYSE:SNAP) was last updated on 8/16/2022 by MarketBeat.com Staff

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