SnapSNAP
Market Cap: $14.3B
About: Snap owns one of the most popular social networking apps, Snapchat, claiming more than 400 million daily active users as of the end of 2023. Snap generates nearly all its revenue from advertising. While only about one quarter of users are in North America, the region accounts for about 65% of sales.
Employees: 5,289
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
83% more call options, than puts
Call options by funds: $1.31B | Put options by funds: $717M
53% more capital invested
Capital invested by funds: $9.26B [Q1] → $14.2B (+$4.94B) [Q2]
14% more funds holding in top 10
Funds holding in top 10: 7 [Q1] → 8 (+1) [Q2]
3.97% more ownership
Funds ownership: 57.74% [Q1] → 61.71% (+3.97%) [Q2]
6% more repeat investments, than reductions
Existing positions increased: 176 | Existing positions reduced: 166
6% less first-time investments, than exits
New positions opened: 88 | Existing positions closed: 94
1% less funds holding
Funds holding: 561 [Q1] → 555 (-6) [Q2]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Cantor Fitzgerald Deepak Mathivanan 53% 1-year accuracy 9 / 17 met price target | 7%downside $8 | Neutral Initiated | 5 Sept 2024 |
Citigroup Ronald Josey 60% 1-year accuracy 24 / 40 met price target | 28%upside $11 | Neutral Maintained | 12 Aug 2024 |
Deutsche Bank Benjamin Black 64% 1-year accuracy 9 / 14 met price target | 62%upside $14 | Buy Maintained | 2 Aug 2024 |
B of A Securities Justin Post 64% 1-year accuracy 7 / 11 met price target | 51%upside $13 | Neutral Maintained | 2 Aug 2024 |
Roth MKM Rohit Kulkarni 55% 1-year accuracy 17 / 31 met price target | 62%upside $14 | Neutral Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 25 articles about SNAP published over the past 30 days