Snap (SNAP)

• Market cap: $17.8B
• 1 day: -1.49%
• 5 days: -12.40%
• 1 month: -3.99%
• 3 months: 13.98%
• 6 months: -34.61%
• Year to date: -34.32%
• 1 year: -13.11%
• 5 years: -23.96%
• 10 years: -56.70%
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

About: Snap is a technology company best known for its marquis social media application Snapchat, a visual messaging application that has amassed hundreds of millions of users. The app was initially only used to communicate with family and friends through photographs and short videos (known as "Snaps"). Users can now enjoy augmented reality, or AR, lenses, content from famous creators and celebrities, updates about local events, and more. Although the app offers a paid subscription option with premium features, advertising sales produce most of the app's revenue. The firm also sells wearable devices called AR Spectacles, which can capture photos and videos overlayed with AR lenses, but these make up a small portion of Snap's overall sales.

Employees: 5,289

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

78% more call options, than puts

Call options by funds: $767M | Put options by funds: $430M

13% more funds holding in top 10

Funds holding in top 10: 8 [Q2] → 9 (+1) [Q3]

0.48% less ownership

Funds ownership: 62.38% [Q2] → 61.9% (-0.48%) [Q3]

4% less repeat investments, than reductions

Existing positions increased: 167 | Existing positions reduced: 174

4% less funds holding

Funds holding: 561 [Q2] → 539 (-22) [Q3]

23% less first-time investments, than exits

New positions opened: 74 | Existing positions closed: 96

36% less capital invested

Capital invested by funds: $14.4B [Q2] → $9.19B (-$5.16B) [Q3]

Research analyst outlook

22 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $8 25% downside
• Avg. target: $12.61 19% upside
• High target: $17 60% upside

22 analyst ratings

• positive: 5 23%
• neutral: 17 77%
• negative: 0 0%

Loop Capital Rob Sanderson 73% 1-year accuracy 22 / 30 met price target	51% upside $16	Buy Maintained	5 Nov 2024
JMP Securities Andrew Boone 77% 1-year accuracy 67 / 87 met price target	51% upside $16	Market Outperform Maintained	30 Oct 2024
B of A Securities Justin Post 71% 1-year accuracy 10 / 14 met price target	32% upside $14	Neutral Maintained	30 Oct 2024
Canaccord Genuity Maria Ripps 74% 1-year accuracy 17 / 23 met price target	23% upside $13	Hold Maintained	30 Oct 2024
Cantor Fitzgerald Deepak Mathivanan 70% 1-year accuracy 28 / 40 met price target	15% downside $9	Neutral Maintained	30 Oct 2024