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NYSE:SNAPSnap Stock Price, Forecast & News

$18.94
+0.69 (+3.78 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$17.93
Now: $18.94▼
$19.01
50-Day Range
$12.44
MA: $16.16▼
$18.25
52-Week Range
$7.89
Now: $18.94▼
$19.75
Volume57.80 million shs
Average Volume21.30 million shs
Market Capitalization$26.90 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.
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Beat the Market (BTM) Rank™

Analyst Opinion: 2.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

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 / Sales15.68
Cash FlowN/A
Price / Cash FlowN/A
Book Value$1.50 per share
Price / Book12.63

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 Shares1,420,190,000
Market Cap$26.90 billion
Next Earnings Date7/28/2020 (Estimated)
OptionableOptionable
SNAP Rates by TradingView

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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 (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SNAP shares have increased by 75.2% and is now trading at $18.94. 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) posted its quarterly earnings results on Tuesday, April, 21st. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the 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 55.40% and a negative return on equity of 46.64%. The company's revenue was up 44.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) EPS. View Snap's earnings history.

What price target have analysts set for SNAP?

37 analysts have issued 12 month target prices for Snap's stock. Their forecasts range from $12.25 to $24.00. On average, they anticipate Snap's share price to reach $17.82 in the next year. This suggests that the stock has a possible downside of 5.9%. 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 coverage about SNAP stock has trended very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Snap earned a media sentiment score of -3.5 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 9.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutSnap.

Are investors shorting Snap?

Snap saw a increase in short interest in the month of 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 trading volume of 32,610,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 13.4% of the company's stock are short sold. View Snap's Current Options Chain.

Who are some of Snap's key 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 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.

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 retail and institutional investors. Top institutional shareholders 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 acquired 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 $18.94.

How big of a company is Snap?

Snap has a market capitalization of $26.90 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 5/31/2020 by MarketBeat.com Staff
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