Stock of the Day for January 16, 2025

Snap Stock Report

Snap
SNAP 90-day performance NYSE:SNAP Snap
Current Price
$10.34
-0.34 (-3.14%)
(As of 02/21/2025 03:59 PM ET)
30 Day Performance
-5.05%
  
  
90 Day Performance
-10.74%
  
  
1 Year Performance
-4.21%
  
  
Market Capitalization
$17.55B
Price Target
$36.87
Net Income
-$697.86M

About Snap

Snap Inc. is a social media company operating globally. The company was founded in September 2011 by Evan Spiegel and Bobby Murphy. Originally known as Snapchat, the company changed its name to Snap in order to represent its offerings better as it grew over the years. The company’s headquarters are in Santa Monica, California and it is a very tightly held company. The original founders, Evan Speigel and Bobby Murphy own a combined 45% of non-dilutable shares with ownership transferable to the other upon death. The two remain active in the company today serving on the board and acting as CEO (Speigel) and CTO (Murphy).

The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California. Over the years it has been courted by most of the big tech companies including Facebook and Google but has always opted to remain a standalone company. The business went public in 2017 and raised $30 billion on its opening day which is about 10 times the expected amount.

Today, Snap operates as a camera company internationally. The company’s main revenue streams are Snapchat, a mobile app for cameras and communications, and Spectacles, a wearable augmented reality device. Snapchat is a camera app that allows users to take pictures and tell stories, the platform also permits ad sales which is an integral part of the revenue and earnings. The company’s mission? To empower people to express themselves in today’s digital world.

Spectacles is a hardware device that can connect with Snapchat to deliver pictures and video from a point-of-view perspective. The company has since made three upgrades to the original version and has a Next Generation model available too. The Next Generation of Spectacles are not intended for sale but will be made available to creators who wish to push the boundaries of video and digital communications.

In October 2022 the company reported it had more than 347milion daily active users with more than 250 million engaging with AR each day. The platform had more than 250,000 Lens creators (Lenses are AR experiences) with more than 2.5 million lenses created. There were more than 6 billion lens plays each day and more than 75% of 13-34-year-olds in 20 countries were users.

SNAP Company Calendar

FEB. 4, 2025
Last Earnings
FEB. 23, 2025
Today
APR. 24, 2025
Next Earnings (Estimated)
DEC. 31, 2025
Fiscal Year End

Recent Snap News

Van ECK Associates Corp Reduces Holdings in Snap Inc. (NYSE:SNAP)
Analysts Set Snap Inc. (NYSE:SNAP) Target Price at $36.87
Snap Inc. (NYSE:SNAP) CAO Rebecca Morrow Sells 8,837 Shares
Insider Selling: Snap Inc. (NYSE:SNAP) CFO Sells 61,334 Shares of Stock
Snap Inc. (NYSE:SNAP) General Counsel Sells $749,249.96 in Stock
Snap Inc. (NYSE:SNAP) SVP Sells $1,107,327.68 in Stock
Insider Selling: Snap Inc. (NYSE:SNAP) CAO Sells 8,837 Shares of Stock
Head-To-Head Review: Rumble (NASDAQ:RUM) & Snap (NYSE:SNAP)
This report was written by MarketBeat.com on January 16, 2025 and updated on February 23, 2025. This report first appeared on MarketBeat.com.