SnapSNAP
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]
0.47% less ownership
Funds ownership: 62.38% [Q2] → 61.91% (-0.47%) [Q3]
3% less repeat investments, than reductions
Existing positions increased: 168 | Existing positions reduced: 174
3% less funds holding
Funds holding: 561 [Q2] → 543 (-18) [Q3]
19% less first-time investments, than exits
New positions opened: 75 | Existing positions closed: 93
36% less capital invested
Capital invested by funds: $14.4B [Q2] → $9.19B (-$5.16B) [Q3]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Guggenheim Michael Morris 71% 1-year accuracy 17 / 24 met price target | 6%upside $12.11 | Buy Reiterated | 3 Dec 2024 |
Citigroup Ronald Josey 59% 1-year accuracy 29 / 49 met price target | 14%upside $13 | Neutral Maintained | 29 Nov 2024 |
Loop Capital Rob Sanderson 75% 1-year accuracy 38 / 51 met price target | 40%upside $16 | Buy Maintained | 5 Nov 2024 |
JMP Securities Andrew Boone 73% 1-year accuracy 67 / 92 met price target | 40%upside $16 | Market Outperform Maintained | 30 Oct 2024 |
B of A Securities Justin Post 67% 1-year accuracy 10 / 15 met price target | 23%upside $14 | Neutral Maintained | 30 Oct 2024 |
Financial journalist opinion
Based on 21 articles about SNAP published over the past 30 days
