In the last trading session, 23.5 million shares of the Snap Inc (NYSE:SNAP) were traded, and its beta was 0.60. Most recently the company’s share price was $8.42, and it changed around $0.19 or 2.31% from the last close, which brings the market valuation of the company to $14.07B. SNAP currently trades at a discount to its 52-week high of $17.33, offering almost -105.82% off that amount. The share price’s 52-week low was $7.08, which indicates that the current value has risen by an impressive 15.91% since then. We note from Snap Inc’s average daily trading volume that its 10-day average is 27.32 million shares, with the 3-month average coming to 36.08 million.
Snap Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.82. If we narrow it down even further, the data shows that 2 out of 46 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 34 recommended SNAP as a Hold, whereas 4 deemed it a Buy, and 1 rated it as Underweight. Snap Inc is expected to report earnings per share of 0.02 for the current quarter.
Snap Inc (NYSE:SNAP) trade information
Instantly SNAP has showed a green trend with a performance of 2.31% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.69 on recent trading dayincreased the stock’s daily price by 3.11%. The company’s shares are currently down -21.82% year-to-date, but still down -3.00% over the last five days. On the other hand, Snap Inc (NYSE:SNAP) is -1.41% down in the 30-day period. We can see from the shorts that 88.53 million shares have been sold at a short interest cover period of 1.93 day(s).
The consensus price target as assigned by Wall Street analysts is $10.5, which translates to bulls needing to increase their stock price by 19.81% from its current value. Analyst projections state that SNAP is forecast to be at a low of $7 and a high of $15.
Snap Inc (SNAP) estimates and forecasts
The year-over-year growth rate is expected to be 8.81%, up from the previous year.
Consensus estimates provided by 34 financial analysts predict the company will bring in an average of 1.34B in revenue for the current quarter. 32 analysts expect Snap Inc to make 1.47B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.24B and 1.37B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 8.04%. Forecasts for the next quarter put sales growth at 6.92%.
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 3.76% in 2025, but the outlook is positive 32.36% per year for the next five years.
SNAP Dividends
Snap Inc’s next quarterly earnings report is expected to be released on 2025-Apr-28.
Snap Inc (NYSE:SNAP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 24.37% of Snap Inc shares, and 63.87% of them are in the hands of institutional investors. The stock currently has a share float of 84.45%. Snap Inc stock is held by 787.0 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 6.0104% 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 Mar 31, 2025 . The former held 88.65 shares worth $746.45 million, making up 6.26% of all outstanding shares. On the other hand, Fidelity Securities Fund-Fidelity Blue Chip Growth Fund held roughly 83.97 shares worth around $707.01 million, which represents about 5.93% of the total shares outstanding.
