Should I buy or sell Snap stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Snap in the last twelve months. There are currently 3 sell ratings, 12 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

21 Wall Street research analysts have issued twelve-month target prices for Snap's shares. Their SNAP share price targets range from $7.50 to $23.00. On average, they predict the company's share price to reach $13.70 in the next twelve months. This suggests a possible upside of 23.3% 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 2024?

Snap's stock was trading at $16.93 at the beginning of 2024. Since then, SNAP stock has decreased by 34.4% and is now trading at $11.11. View the best growth stocks for 2024 here .

Are investors shorting Snap?

Snap saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 90,080,000 shares, an increase of 19.7% from the December 15th total of 75,250,000 shares. Based on an average daily trading volume, of 26,640,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 8.8% 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, April 25th 2024. View our SNAP earnings forecast .

How were Snap's earnings last quarter?

Snap Inc. (NYSE:SNAP) posted its quarterly earnings data 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 analysts' expectations of $1.09 billion. Snap had a negative net margin of 28.71% and a negative trailing twelve-month return on equity of 47.47%. During the same quarter last year, the business earned ($0.14) EPS.

What ETFs hold Snap's stock?

ETFs with the largest weight of Snap (NYSE:SNAP) stock in their portfolio include Global X Metaverse ETF (VR) , Invesco Dynamic Software ETF (PSJ) , Fidelity Disruptive Communications ETF (FDCF) , Global X Social Media Index ETF (SOCL) , ProShares On-Demand ETF (OND) , ProShares Metaverse ETF (VERS) , Roundhill MEME ETF (MEME) and SPDR S&P Internet ETF (XWEB) .

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

Snap updated its first quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 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) .

(SNAP) raised $3 billion in an 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 acted as the underwriters for the IPO and Barclays, Credit Suisse and Allen & Company were co-managers.

Who are Snap's major shareholders?

Snap's stock is owned by a variety of institutional and retail investors. Top institutional investors include UBS Group AG (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), Charles Schwab Investment Management Inc. (0.21%), Swiss National Bank (0.19%), Simplex Trading LLC (0.00%) and Dimensional Fund Advisors LP (0.13%). Insiders that own company stock include Derek Andersen , Eric Young , Evan Spiegel , Jeremi Gorman , Jerry James Hunter , Joanna Coles , Michael J O'sullivan, Michael J O'sullivan , Michael Lynton , Michael Waterman, Poppy Thorpe , Rebecca Morrow , Robert C Murphy and Robert C Murphy . 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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

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NYSE:SNAP

Snap (SNAP) Stock Price, News & Analysis

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Free SNAP Stock Alerts

$11.11

+0.01 (+0.09%)

(As of 02/9/2024 08:57 PM ET)

Compare

Today's Range: $10.93
▼
$11.28
50-Day Range: $11.09
▼
$17.46
52-Week Range: $7.86
▼
$17.90

Volume: 54.22 million shs
Average Volume: 35.06 million shs
Market Capitalization: $18.29 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $13.70

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Snap MarketRank™ Stock Analysis

Analyst Rating: Hold
2.14 Rating Score
Upside/Downside: 23.3% Upside
$13.70 Price Target
Short Interest: Bearish
9.20% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.31
Based on 42 Articles This Week
Insider Trading: Selling Shares
$3.80 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.59) to ($0.37) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.71 out of 5 stars

Computer And Technology Sector

365th out of 586 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

26th out of 55 stocks

3.1

Analyst's Opinion

Consensus Rating
Snap has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 6 buy ratings, 12 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.70, Snap has a forecasted upside of 23.3% from its current price of $11.11.
Amount of Analyst Coverage
Snap has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
9.20% of the float of Snap has been sold short.
Short Interest Ratio / Days to Cover
Snap has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Snap has recently increased by 5.25%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Snap does not currently pay a dividend.
Dividend Growth
Snap does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SNAP.

3.0

News and Social Media Coverage

News Sentiment
Snap has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 42 news articles for Snap this week, compared to 5 articles on an average week.
Search Interest
185 people have searched for SNAP on MarketBeat in the last 30 days. This is an increase of 43% compared to the previous 30 days.
MarketBeat Follows
35 people have added Snap to their MarketBeat watchlist in the last 30 days. This is an increase of 119% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Snap insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,796,543.00 in company stock.
Percentage Held by Institutions
44.37% of the stock of Snap is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Snap are expected to grow in the coming year, from ($0.59) to ($0.37) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Snap is -13.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Snap is -13.39, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Snap has a P/B Ratio of 7.56. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Snap Stock (NYSE:SNAP)

Snap Inc. is a social media company operating globally. The company was founded in September 2011 by Evan Spiegel and Bobby Murphy. Originally known as Snapchat, the company changed its name to Snap in order to represent its offerings better as it grew over the years. The company’s headquarters are in Santa Monica, California and it is a very tightly held company. The original founders, Evan Speigel and Bobby Murphy own a combined 45% of non-dilutable shares with ownership transferable to the other upon death. The two remain active in the company today serving on the board and acting as CEO (Speigel) and CTO (Murphy).

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. Over the years it has been courted by most of the big tech companies including Facebook and Google but has always opted to remain a standalone company. The business went public in 2017 and raised $30 billion on its opening day which is about 10 times the expected amount.

Today, Snap operates as a camera company internationally. The company’s main revenue streams are Snapchat, a mobile app for cameras and communications, and Spectacles, a wearable augmented reality device. Snapchat is a camera app that allows users to take pictures and tell stories, the platform also permits ad sales which is an integral part of the revenue and earnings. The company’s mission? To empower people to express themselves in today’s digital world.

Spectacles is a hardware device that can connect with Snapchat to deliver pictures and video from a point-of-view perspective. The company has since made three upgrades to the original version and has a Next Generation model available too. The Next Generation of Spectacles are not intended for sale but will be made available to creators who wish to push the boundaries of video and digital communications.

In October 2022 the company reported it had more than 347milion daily active users with more than 250 million engaging with AR each day. The platform had more than 250,000 Lens creators (Lenses are AR experiences) with more than 2.5 million lenses created. There were more than 6 billion lens plays each day and more than 75% of 13-34-year-olds in 20 countries were users.

SNAP Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SNAP Stock News Headlines

February 7, 2024 | marketbeat.com

Chipotle, Ford rise; Gilead Sciences, Snap fall, Wednesday, 2/7/2024

Stocks that are trading heavily or have substantial price changes on Wednesday: Chipotle, Ford rise; Gilead Sciences, Snap fall

February 5, 2024 | marketbeat.com

Snap, the owner of Snapchat, is laying off about 10% of its global workforce

The owner of Snapchat is cutting approximately 10% of its worldwide workforce, or about 530 employees, the latest tech company to announce layoffs

February 12, 2024 | The Freeport Society (Ad)

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