Snap (SNAP)

• Market cap: $18.2B
• 1 day: -3.21%
• 5 days: -11.27%
• 1 month: -2.86%
• 3 months: 3.82%
• 6 months: -25.46%
• Year to date: -3.38%
• 1 year: -29.94%
• 5 years: -43.17%
• 10 years: -55.64%
• 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)

82% more call options, than puts

Call options by funds: $802M | Put options by funds: $441M

13% more funds holding in top 10

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

0.03% more ownership

Funds ownership: 62.76% [Q2] → 62.8% (+0.03%) [Q3]

3% less repeat investments, than reductions

Existing positions increased: 168 | Existing positions reduced: 174

3% less funds holding

Funds holding: 561 [Q2] → 544 (-17) [Q3]

11% less first-time investments, than exits

New positions opened: 76 | Existing positions closed: 85

35% less capital invested

Capital invested by funds: $14.4B [Q2] → $9.32B (-$5.12B) [Q3]

Research analyst outlook

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

• Low target: $9 17% downside
• Avg. target: $13.79 27% upside
• High target: $16 47% upside

16 analyst ratings

• positive: 5 31%
• neutral: 11 69%
• negative: 0 0%

BMO Capital Brian Pitz 75% 1-year accuracy 43 / 57 met price target	47% upside $16	Outperform Reiterated	15 Jan 2025
Wells Fargo Ken Gawrelski 64% 1-year accuracy 32 / 50 met price target	38% upside $15	Overweight Maintained	13 Jan 2025
JMP Securities Andrew Boone 77% 1-year accuracy 70 / 91 met price target	47% upside $16	Market Outperform Reiterated	3 Jan 2025
Guggenheim Michael Morris 68% 1-year accuracy 19 / 28 met price target	12% upside $12.11	Buy Reiterated	3 Dec 2024
Citigroup Ronald Josey 71% 1-year accuracy 36 / 51 met price target	20% upside $13	Neutral Maintained	29 Nov 2024