In today’s recent session, 4.86 million shares of the Snap Inc (NYSE:SNAP) have been traded, and its beta is 0.62. Most recently the company’s share price was $8.05, and it changed around $0.09 or 1.07% from the last close, which brings the market valuation of the company to $13.65B. SNAP at last check was trading at a discount to its 52-week high of $17.33, offering almost -115.28% off that amount. The share price’s 52-week low was $7.08, which indicates that the recent value has risen by an impressive 12.05% since then. We note from Snap Inc’s average daily trading volume that its 10-day average is 42.6 million shares, with the 3-month average coming to 31.15 million.
Snap Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.76. If we narrow it down even further, the data shows that 2 out of 44 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 32 recommended SNAP as a Hold, whereas 4 deemed it a Buy, and 1 rated it as Underweight.
Snap Inc (NYSE:SNAP) trade information
Instantly SNAP has been showing a green trend so far today with a performance of 1.07% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.91 on recent trading dayincreased the stock’s daily price by 9.65%. The company’s shares are currently down -25.30% year-to-date, but still up 4.08% over the last five days. On the other hand, Snap Inc (NYSE:SNAP) is -6.89% down in the 30-day period. We can see from the shorts that 74.94 million shares have been sold at a short interest cover period of 2.74 day(s).
The consensus price target as assigned by Wall Street analysts is $13.75, which translates to bulls needing to increase their stock price by 41.45% from its current value. Analyst projections state that SNAP is forecast to be at a low of $9 and a high of $16.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 10.96%. Snap Inc earnings are expected to increase by 17.52% in 2025, but the outlook is positive 74.45% per year for the next five years.
SNAP Dividends
Snap Inc’s next quarterly earnings report is expected to be released on 2025-Feb-03.
Snap Inc (NYSE:SNAP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 24.01% of Snap Inc shares, and 59.14% of them are in the hands of institutional investors. The stock currently has a share float of 77.83%. Snap Inc stock is held by 784.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 12.5713% of the shares, which is about 206.76 million shares worth $3.43 billion.
VANGUARD GROUP INC, with 6.0007% or 98.86 million shares worth $1.64 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
GROWTH FUND OF AMERICA and Fidelity Securities Fund-Fidelity Blue Chip Growth Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 88.8 shares worth $712.62 million, making up 6.16% of all outstanding shares. On the other hand, Fidelity Securities Fund-Fidelity Blue Chip Growth Fund held roughly 82.69 shares worth around $663.59 million, which represents about 5.73% of the total shares outstanding.
