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Snap - SNAP Stock Forecast, Price & News

$11.11
+0.54 (+5.11%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.82
$11.80
50-Day Range
$9.54
$16.35
52-Week Range
$9.34
$83.34
Volume
66.63 million shs
Average Volume
44.24 million shs
Market Capitalization
$18.32 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
85.8% Upside
$20.65 Price Target
Short Interest
Bearish
5.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.59mentions 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.

2.14 out of 5 stars

Computer And Technology Sector

412th out of 658 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

33rd out of 68 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SNAP shares. Benchmark cut their price target on Snap from $20.00 to $15.00 and set a "buy" rating for the company in a report on Friday, July 22nd. Moffett Nathanson lowered Snap from a "buy" rating to a "neutral" rating in a report on Friday, July 22nd. Bank of America lowered their price objective on Snap from $50.00 to $30.00 and set a "buy" rating on the stock in a research report on Tuesday, May 24th. Canaccord Genuity Group lowered their price objective on Snap from $46.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, April 22nd. Finally, Evercore ISI lowered their price objective on Snap from $36.00 to $26.00 and set an "outperform" rating on the stock in a research report on Thursday, July 7th. Three 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $21.94.

Snap Stock Up 5.1 %

Shares of Snap stock traded up $0.54 during trading hours on Thursday, hitting $11.11. The company had a trading volume of 66,835,531 shares, compared to its average volume of 44,241,590. The company's 50-day moving average is $12.80 and its two-hundred day moving average is $24.92. Snap has a twelve month low of $9.34 and a twelve month high of $83.34. 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 company has a market cap of $18.32 billion, a P/E ratio of -22.44 and a beta of 1.01.

Insider Buying and Selling

In other news, CFO Derek Andersen sold 26,093 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $23.87, for a total value of $622,839.91. Following the completion of the transaction, the chief financial officer now owns 1,145,223 shares in the company, valued at approximately $27,336,473.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Derek Andersen sold 26,093 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $23.87, for a total value of $622,839.91. Following the completion of the transaction, the chief financial officer now owns 1,145,223 shares in the company, valued at approximately $27,336,473.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jerry James Hunter sold 41,961 shares of the firm's stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $24.08, for a total transaction of $1,010,420.88. Following the transaction, the vice president now owns 707,918 shares of the company's stock, valued at $17,046,665.44. The disclosure for this sale can be found here. Insiders sold a total of 1,277,886 shares of company stock worth $16,497,106 in the last 90 days.

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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
Morgan Stanley Lowers Snap (NYSE:SNAP) to Underweight
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist)
Has President Biden’s new executive order… Alongside MIT, 77 global Governments, The Gates Foundation, UNICEF, and The Clinton Development Initiative… Ignited a historic $40 trillion transfer of wealth from the middle class, to the rich?
Snap Inc. (NYSE:SNAP) CTO Sells $8,820,000.00 in Stock
MUST WATCH: Unusual 3-second financial maneuver
In 2020, Jeff Clark revealed how to use a unique 3-second transaction…To get Starbucks to pay for his morning coffee. Now, he’s revealing a new 3-second transaction…
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
Snap (NYSE:SNAP) Cut to "Hold" at Stifel Nicolaus
See More Headlines
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SNAP Company Calendar

Last Earnings
10/21/2021
Today
8/12/2022
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
+85.8%
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
$2.09 per share

Miscellaneous

Outstanding Shares
1,648,966,000
Free Float
N/A
Market Cap
$18.32 billion
Optionable
Optionable
Beta
1.01

Social Links















SNAP Stock - Frequently Asked Questions

Should I buy or sell Snap stock right now?

37 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 3 sell ratings, 21 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research 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 analysts have issued 12 month price objectives for Snap's shares. Their SNAP share price forecasts range from $8.00 to $48.00. On average, they expect the company's share price to reach $20.65 in the next year. This suggests a possible upside of 85.8% 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 on January 1st, 2022. Since then, SNAP shares have decreased by 76.4% and is now trading at $11.11.
View the best growth stocks for 2022 here
.

Are investors shorting Snap?

Snap saw a increase in short interest during the month of 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 daily volume of 56,310,000 shares, the days-to-cover ratio is currently 1.1 days. Approximately 5.9% of the company's shares 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 quarterly earnings data on Thursday, October, 21st. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.06. The business earned $1.07 billion during the quarter, compared to analysts' expectations 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 last year, the firm posted ($0.14) earnings per share.

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

Snap updated 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 (IPO) 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 retail and institutional investors. Top institutional investors include Jennison Associates LLC (0.91%), Baillie Gifford & Co. (0.69%), DnB Asset Management AS (0.52%), TD Asset Management Inc. (0.36%), Swiss National Bank (0.29%) and Twin Tree Management LP (0.00%). 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 $11.11.

How much money does Snap make?

Snap (NYSE:SNAP) has a market capitalization of $18.32 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 8/12/2022 by MarketBeat.com Staff

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