Snap Inc. (NYSE:SNAP) has a beta value of 1.27 and has seen 12,432,174 shares traded in the recent trading session. The company, currently valued at $90.19 Billion, closed the recent trade at $59.79 per share which meant it lost -$2.03 on the day or -3.28% during that session. The SNAP stock price is -23.08% off its 52-week high price of $73.59 and 79.91% above the 52-week low of $12.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 19.52 Million shares traded. The 3-month trading volume is 22.67 Million shares.
The consensus among analysts is that Snap Inc. (SNAP) is an Overweight stock at the moment, with a recommendation rating of 2.1. 1 analysts rate the stock as a Sell, while 2 rate it as Overweight. 10 out of 40 have rated it as a Hold, with 27 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.01.
Snap Inc. (NYSE:SNAP) trade information
Despite being -3.28% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the SNAP stock price touched $64.25- or saw a rise of 7.41%. Year-to-date, Snap Inc. shares have moved 18.81%, while the 5-day performance has seen it change -0.88%. Over the past 30 days, the shares of Snap Inc. (NYSE:SNAP) have changed 9.18%. Short interest in the company has seen 56.3 Million shares shorted with days to cover at 2.48.
Wall Street analysts have a consensus price target for the stock at $76.09, which means that the shares’ value could jump 27.26% from the levels at last check today. The projected low price target is $40 while the price target rests at a high of $100. In that case, then, we find that the latest price level in today’s session is +67.25% off the targeted high while a plunge would see the stock lose -33.1% from the levels at last check today.
Snap Inc. (SNAP) estimates and forecasts
Figures show that Snap Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +44.24% over the past 6 months, with this year growth rate of 466.67%, compared to -0.9% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 88.9% and 500% for the next quarter. Revenue growth from the last financial year stood is estimated to be +55.7%.
33 analysts offering their estimates for the company have set an average revenue estimate of $843.76 Million for the current quarter. 33 have an estimated revenue figure of $1.01 Billion for the next quarter concluding in September 01, 2021. Year-ago sales stood $439.06 Million and $549.99 Million respectively for this quarter and the next, and analysts expect sales will grow by 92.2% for the current quarter and 83.8% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -15% over the past 5 years. Earnings growth for 2021 is a modest +13.6%.
Snap Inc. (NYSE:SNAP)’s Major holders
Insiders own 11.56% of the company shares, while shares held by institutions stand at 63.58% with a share float percentage of 71.89%. Investors are also buoyed by the number of investors in a company, with Snap Inc. having a total of 884 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 126.21 Million shares worth more than $6.32 Billion. As of December 30, 2020, Price (T.Rowe) Associates Inc held 9.95% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 75.22 Million shares as of December 30, 2020. The firm’s total holdings are worth over $3.77 Billion and represent 5.93% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Advisors Inner Circle Fund-Edgewood Growth Fd and Vanguard Total Stock Market Index Fund. As of January 30, 2021, the former fund manager holds about 2.57% shares in the company for having 32638881 shares of worth $1.73 Billion while later fund manager owns 31.31 Million shares of worth $1.57 Billion as of December 30, 2020, which makes it owner of about 2.47% of company’s outstanding stock.