This Indicator Is Supporting Snap Inc. (SNAP)

Snap Inc. (NYSE: SNAP) is 36.62% higher on its value in year-to-date trading and has touched a low of $7.89 and a high of $26.76 in the current 52-week trading range. The SNAP stock was last observed hovering at around $21.74 in the last trading session, with the day’s gains setting it 0.57% off its average median price target of $27.38 for the next 12 months. It is also 28.03% off the consensus price target high of $31.00 offered by 38 analysts, but current levels are -23.94% lower than the price target low of $18.00 for the same period.

Currently trading at $22.31, the stock is 3.02% and -2.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 22.04 million and changing 2.62% at the moment leaves the stock 26.79% off its SMA200. SNAP registered 41.38% gain for a year compared to 6-month gain of 55.04%. The firm has a 50-day simple moving average (SMA 50) of $22.41 and a 200-day simple moving average (SMA200) of $18.17.

The stock witnessed a -0.45% loss in the last 1 month and extending the period to 3 months gives it a 14.12%, and is 3.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.99% over the week and 3.95% over the month.

Snap Inc. (SNAP) has around 3195 employees, a market worth around $31.94B and $1.92B in sales. Fwd P/E is 220.89. Profit margin for the company is -57.20%. Distance from 52-week low is 182.76% and -16.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.80%).

Snap Inc. (SNAP) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Snap Inc. (SNAP) is a “Overweight”. 38 analysts offering their recommendations for the stock have an average rating of 2.30, where 14 rate it as a Hold and 1 think it is a “Overweight”. 22 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Snap Inc. is expected to release its quarterly report on 10/21/2020 and quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $548.77M over the same period.The EPS is expected to grow by 22.20% this year, but quarterly earnings will post 27.50% year-over-year. Quarterly sales are estimated to grow 23.00% in year-over-year returns.

Snap Inc. (SNAP) Top Institutional Holders

632 institutions hold shares in Snap Inc. (SNAP), with 391.52M shares held by insiders accounting for 26.65% while institutional investors hold 66.59% of the company’s shares. The shares outstanding are 1.45B, and float is at 890.90M with Short Float at 8.21%. Institutions hold 48.84% of the Float.

The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 113.52 million shares valued at $2.67 billion. The investor’s holdings represent 9.37% of the SNAP Shares outstanding. As of Jun 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 86.56 million shares valued at $2.03 billion to account for 7.15% of the shares outstanding. The other top investors are Edgewood Management Company which holds 65.57 million shares representing 5.41% and valued at over $1.54 billion, while Blackrock Inc. holds 4.34% of the shares totaling 52.6 million with a market value of $1.24 billion.

Snap Inc. (SNAP) Insider Activity

A total of 81 insider transactions have happened at Snap Inc. (SNAP) in the last six months, with sales accounting for 65 and purchases happening 16 times. The most recent transaction is an insider sale by Gorman Jeremi, the company’s Chief Business Officer. SEC filings show that Gorman Jeremi sold 15,555 shares of the company’s common stock on Aug 19 at a price of $21.71 per share for a total of $0.34 million. Following the sale, the insider now owns 2.25 million shares.

Snap Inc. disclosed in a document filed with the SEC on Aug 19 that Hunter Jerry James (Senior VP, Engineering) sold a total of 61,147 shares of the company’s common stock. The trade occurred on Aug 19 and was made at $21.67 per share for $1.33 million. Following the transaction, the insider now directly holds 2.39 million shares of the SNAP stock.

Still, SEC filings show that on Aug 18, Grusd Jared (Chief Strategy Officer) disposed off 20,122 shares at an average price of $21.97 for $0.44 million. The insider now directly holds 1,967,092 shares of Snap Inc. (SNAP).

Snap Inc. (SNAP): Who are the competitors?

The company’s main competitors (and peers) include The RealReal Inc. (REAL) that is trading 17.02% up over the past 12 months. Short interest in the company’s stock has fallen -22.23% from the last report on Jul 14, 2020 to stand at a total of 89.36 million short shares sold with a short interest ratio of 2.63.