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 to 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 to surface the most interesting stories from publishers, creators, and the community, based on a user's subscriptions and interests. In addition, the company offers Snap Map, which enables individuals to pinch on the camera screen for bringing a live map of their location, as well as showing nearby friends, popular stories, and a heatmap of recent Snaps posted to their story; 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 capture 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 Venice, California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
SectorComputer and Technology
SymbolNYSE:SNAP
CUSIPN/A
Phone310-399-3339
Debt
Debt-to-Equity RatioN/A
Current Ratio6.69
Quick Ratio6.69
Price-To-Earnings
Trailing P/E Ratio-5.64
Forward P/E Ratio-10.96
P/E GrowthN/A
Sales & Book Value
Annual Sales$824.95 million
Price / Sales18.16
Cash FlowN/A
Price / CashN/A
Book Value$2.45 per share
Price / Book4.79
Profitability
EPS (Most Recent Fiscal Year)($2.08)
Net Income$-3,445,060,000.00
Net Margins-155.31%
Return on Equity-49.79%
Return on Assets-43.88%
Miscellaneous
Employees3,069
Outstanding Shares1,277,350,000
Market Cap$15.63 billion
Snap (NYSE:SNAP) Frequently Asked Questions
What is Snap's stock symbol?
Snap trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNAP."
How were Snap's earnings last quarter?
Snap Inc (NYSE:SNAP) released its quarterly earnings data on Tuesday, August, 7th. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.32) by $0.18. The firm earned $262.26 million during the quarter, compared to the consensus estimate of $247.24 million. Snap had a negative return on equity of 49.79% and a negative net margin of 155.31%. View Snap's Earnings History.
When is Snap's next earnings date?
What price target have analysts set for SNAP?
35 equities research analysts have issued twelve-month target prices for Snap's stock. Their forecasts range from $7.00 to $28.00. On average, they anticipate Snap's stock price to reach $14.6034 in the next year. This suggests a possible upside of 24.5% from the stock's current price. View Analyst Price Targets for Snap.
What is the consensus analysts' recommendation for Snap?
35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap in the last year. There are currently 10 sell ratings, 18 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Snap.
What are Wall Street analysts saying about Snap stock?
Here are some recent quotes from research analysts about Snap stock:
- 1. According to Zacks Investment Research, "Snap’s user base declined sequentially in the second quarter. Management attributed the decline to the redesign of the application. The decline is a concern as it makes the platform less attractive to advertisers. Moreover, increasing competition from Facebook’s Instagram continues to negatively impact user base growth. Shares of Snap have underperformed the industry on a year-to-date basis. However, advertising revenues grew in the quarter driven by strong international growth. The shift from auction to programmatic has worked wonders for Snap, although continuing price decline is a concern. Moreover, Snap’s strategy of bringing in new features to attract more users and advertisers is positive. Snapchat has become the most preferred social networking medium among teenagers, which is a major growth driver." (8/16/2018)
- 2. Wells Fargo & Co analysts commented, "We maintain our Market Perform rating and $12 price target, based on our DCF." (8/8/2018)
- 3. SunTrust Banks, Inc. analysts commented, "We maintain a Hold rating/$13 PT ahead of 2Q18 earnings as 1) valuation remains full at 14.9x EV/Revs, the high-end of our IDM group, 2) read through from TWTR/FB earnings implies a potentially challenging macro environment, 3) feedback from marketers is consistent, that Snap remains well behind Instagram in budget allocations, 4) negative feedback from the redesign and subsequent reversal could have caused user churn/drop in engagement, and 5) lack of financial guidance creates more variability to consensus estimates. That said, Snap remains a viable differentiated and innovative platform. Causes Concern. 2Q18 results from the last two weeks show that while marketer’s demands for digital ad inventory was strong, there are ongoing concerns about the regulatory environment on several issues." (8/6/2018)
- 4. Pivotal Research analysts commented, "We see the advertiser expansion as an important source of revenue diversification and reflects Snap’s capacity to grow revenue through a broadening of its addressable market. On the other hand, we can infer this result at least partially reflects some degree of deceleration in spending from large brands, which generally view Snap as a niche platform rather than something core to their typical campaigns. However, comments indicating that “of the Top 100 Ad Age Advertisers that started advertising with (Snap) in Q1 of 2016 or earlier, each one of them, at a parent level, also spent with (Snap) in 2017 and over 90 percent of them spent in every quarter of 2017.” Although it does not convey the growth rate of like-for-like advertisers, we think it does reflect a degree of durability for the platform among brands who use it." (2/8/2018)
- 5. Aegis analysts commented, "We suspect that Snap was a beneficiary of ad dollars that could not make its way onto Facebook/Instagram due either to pricing or tight inventory. That may not recur in non-seasonal quarters. The silver lining for the future is that in tests of the app redesign, Snap saw increased ARPU, time spent, and engagement. Remains to be seen whether that applies all over. We remain at Hold but increased our price target to $18 from $13 on higher estimates. Salient Points: (1) gross margin increased 1,400bps QoQ to 36% and cash burn decreased 49% QoQ; (2) the retention rate of new Android users increased by ~20%; (3) over 90% of Snap Ads were bought programmatically, up from 10% in 4Q16, and 80% in 3Q17; (4) Snap Ad pricing decreased 15% QoQ and 70% YoY; (5) Snap Ad impressions grew 90% QoQ and 575% YoY; (6) each week, half of the U.S." (2/8/2018)
Are investors shorting Snap?
Snap saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 116,472,126 shares, an increase of 3.1% from the July 13th total of 112,993,832 shares. Based on an average daily trading volume, of 16,635,072 shares, the short-interest ratio is presently 7.0 days. Approximately 23.8% 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 Red Hat (RHT), Twitter (TWTR), IHS Markit (INFO), Weibo (WB), Match Group (MTCH), Yandex (YNDX), Line (LN), 58.com (WUBA), FactSet Research Systems (FDS), Tripadvisor Inc Common Stock (TRIP), Stars Group (TSG), Sabre (SABR), Trade Desk (TTD), Wix.Com (WIX) and InterXion (INXN).
Who are Snap's key executives?
Snap's management team includes the folowing people:
- Mr. Evan Spiegel, Co-Founder, CEO & Director (Age 27)
- Mr. Robert Murphy, Co-Founder, CTO & Director (Age 29)
- Mr. Michael O'Sullivan, Gen. Counsel & Sec. (Age 52)
- Mr. Imran T. Khan, Chief Strategy Officer (Age 40)
- Mr. Timothy R. Stone, Chief Financial Officer (Age 51)
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 acted as the underwriters for the IPO and Barclays, Credit Suisse and Allen & Company were co-managers.
Has Snap been receiving favorable news coverage?
News stories about SNAP stock have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Snap earned a news impact score of 0.17 on Accern's scale. They also assigned media headlines about the company an impact score of 47.24 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for Snap.
Who are Snap's major shareholders?
Snap's stock is owned by a variety of of institutional and retail investors. Top institutional investors include OppenheimerFunds Inc. (2.93%), FMR LLC (1.97%), Morgan Stanley (1.26%), BlackRock Inc. (1.21%), Hillhouse Capital Management Ltd. (0.87%) and First Trust Advisors LP (0.80%). Company insiders that own Snap stock include Andrew Vollero, Evan Spiegel, Imran Khan, Jerry James Hunter, Lara Sweet, Michael J O'sullivan, Michael Lynton, Mitchell Lasky, Steven Michael Horowitz, Timothy R Stone and Timothy Sehn. 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 Gilder Gagnon Howe & Co. LLC, Sumitomo Mitsui Asset Management Company LTD, Lourd Capital LLC, Global X Management Co LLC, Westpac Banking Corp, California Public Employees Retirement System, Raymond James & Associates and Baird Financial Group Inc.. Company insiders that have sold Snap company stock in the last year include Andrew Vollero, Evan Spiegel, Imran Khan, Jerry James Hunter, Lara Sweet, Michael J O'sullivan, Michael Lynton, Mitchell Lasky, Steven Michael Horowitz, Timothy R Stone and Timothy Sehn. View Insider Buying and Selling for Snap.
Which major investors are buying Snap stock?
SNAP stock was acquired by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., First Trust Advisors LP, Hillhouse Capital Management Ltd., FMR LLC, BlackRock Inc., Morgan Stanley, River & Mercantile Asset Management LLP and HarbourVest Partners LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Snap's stock price today?
One share of SNAP stock can currently be purchased for approximately $11.73.
How big of a company is Snap?
Snap has a market capitalization of $15.63 billion and generates $824.95 million in revenue each year. The company earns $-3,445,060,000.00 in net income (profit) each year or ($2.08) on an earnings per share basis. Snap employs 3,069 workers across the globe.
How can I contact Snap?
Snap's mailing address is 63 MARKET STREET, VENICE CA, 90291. The company can be reached via phone at 310-399-3339 or via email at [email protected]
MarketBeat Community Rating for Snap (NYSE SNAP)
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.
