Snap Inc. (NYSE: SNAP) is 38.75% higher on its value in year-to-date trading and has touched a low of $7.89 and a high of $72.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SNAP stock was last observed hovering at around $70.45 in the last trading session, with the day’s loss setting it -0.98% off its average median price target of $80.00 for the next 12 months. It is also 26.87% off the consensus price target high of $95.00 offered by 39 analysts, but current levels are -363.13% lower than the price target low of $15.00 for the same period.
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Currently trading at $69.47, the stock is 15.17% and 25.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 40.57 million and changing -1.39% at the moment leaves the stock 102.09% off its SMA200. SNAP registered 337.19% gain for a year compared to 6-month gain of 232.87%. The firm has a 50-day simple moving average (SMA 50) of $57.25 and a 200-day simple moving average (SMA200) of $40.47.
The stock witnessed a 29.49% loss in the last 1 month and extending the period to 3 months gives it a 56.85%, and is 10.76% 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 10.05% over the week and 6.86% over the month.
Snap Inc. (SNAP) has around 3863 employees, a market worth around $100.54B and $2.51B in sales. Fwd P/E is 118.96. Profit margin for the company is -37.70%. Distance from 52-week low is 780.48% and -4.77% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.00%).
Snap Inc. (SNAP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Snap Inc. (SNAP) is a “Overweight”. 39 analysts offering their recommendations for the stock have an average rating of 2.10, where 8 rate it as a Hold and 1 think it is a “Overweight”. 26 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.
Snap Inc. is expected to release its quarterly report on 04/27/2021 and quarterly earnings per share for the current quarter are estimated at -$0.06 with sales reaching $740.39M over the same period.The EPS is expected to grow by 13.60% this year, but quarterly earnings will post 49.50% year-over-year. Quarterly sales are estimated to grow 60.10% in year-over-year returns.
Snap Inc. (SNAP) Top Institutional Holders
701 institutions hold shares in Snap Inc. (SNAP), with 364.53M shares held by insiders accounting for 24.17% while institutional investors hold 81.26% of the company’s shares. The shares outstanding are 1.48B, and float is at 1.09B with Short Float at 5.66%. Institutions hold 61.62% of the Float.
The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 126.21 million shares valued at $6.32 billion. The investor’s holdings represent 10.07% of the SNAP Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 75.22 million shares valued at $3.77 billion to account for 6.00% of the shares outstanding. The other top investors are Edgewood Management Company which holds 62.17 million shares representing 4.96% and valued at over $3.11 billion, while Blackrock Inc. holds 4.25% of the shares totaling 53.2 million with a market value of $2.66 billion.
Snap Inc. (SNAP) Insider Activity
A total of 98 insider transactions have happened at Snap Inc. (SNAP) in the last six months, with sales accounting for 83 and purchases happening 15 times. The most recent transaction is an insider sale by Hunter Jerry James, the company’s Senior VP, Engineering. SEC filings show that Hunter Jerry James sold 33,639 shares of the company’s common stock on Feb 17 at a price of $61.79 per share for a total of $2.08 million. Following the sale, the insider now owns 0.49 million shares.
Snap Inc. disclosed in a document filed with the SEC on Feb 17 that Gorman Jeremi (Chief Business Officer) sold a total of 15,914 shares of the company’s common stock. The trade occurred on Feb 17 and was made at $62.07 per share for $0.99 million. Following the transaction, the insider now directly holds 2.05 million shares of the SNAP stock.
Still, SEC filings show that on Feb 16, Gorman Jeremi (Chief Business Officer) disposed off 34,833 shares at an average price of $62.44 for $2.18 million. The insider now directly holds 2,064,822 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 74.01% up over the past 12 months. Short interest in the company’s stock has fallen -2.04% from the last report on Dec 30, 2020 to stand at a total of 63.16 million short shares sold with a short interest ratio of 3.16.