SNAP - Snap Inc.

NYSE - NYSE Delayed Price. Currency in USD
-0.04 (-0.43%)
At close: 4:01PM EST

9.23 -0.01 (-0.11%)
After hours: 7:56PM EST

Stock chart is not supported by your current browser
Previous Close9.28
Bid9.20 x 2900
Ask0.00 x 900
Day's Range9.14 - 9.33
52 Week Range4.82 - 19.19
Avg. Volume23,172,480
Market Cap12.206B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.97
Earnings DateFeb 4, 2019 - Feb 8, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est8.47
Trade prices are not sourced from all markets
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  • Take Your SNAP Stock Profits While They’re Still There for the Taking
    InvestorPlace11 hours ago

    Take Your SNAP Stock Profits While They’re Still There for the Taking

    Snap (NYSE:SNAP) stock has been one of the biggest high-profile tech initial public offering (IPO) disasters in recent memory. After a highly anticipated 2017 market debut at an IPO price of $17, SNAP stock promptly took a swan dive as growth numbers eased and an app redesign prompted outrage among users.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsSNAP stock hit an all-time low in December at $4.82, but since has rebounded to above $9. A big portion of that move came after SNAP reported better-than-expected earnings earlier this month. But while SNAP may finally be getting its business back on track, traders should consider taking profits on the red-hot stock while the getting is good. * 10 Smart Money Stocks to Buy Now Snap Is Still LosingSNAP is up 30% in February alone. That kind of bullish move is what traders could expect from a stock that is generating massive profits and dominating its industry. The reality for Snap is much different.Snap's Q4 earnings report could most accurately be described as "better than feared." Snap shares ripped higher because revenue grew 36% and average revenue per user was up 37% to $2.07. Both those numbers were better than expected, but the rest of the picture is still pretty ugly.User growth was essentially flat compared to Q3 and actually down 1 million users from a year ago. Perhaps most importantly, Snap reported yet another quarter in the red, losing an adjusted 13 cents per share.Once upon a time, Snap investors were free to ignore the fact that Facebook (NASDAQ:FB) was beating the socks off of Snapchat in terms of monetizing its user base. Snap investors argued that Snap's growth profile and its popularity among younger users, particularly North American teens, made it a unique opportunity for advertisers.Unfortunately, Facebook has out-Snapchatted Snapchat with its extremely popular Instagram platform.Not only does Instagram Stories have more than 150% more daily active users than Snapchat, eMarketer recently estimated Instagram's average revenue per user at around $4. That rate is double Snapchat's ARPU. The Facebook platform's ARPU as of Q4 was even higher at $7.37. Snap Stock Has Too Much UncertaintyGuggenheim analyst Michael Morris recently said there are at least three major near-term questions keeping him on the Snap sidelines. First, as the numbers mentioned above suggest, it's uncertain whether or not Snapchat will ultimately be able to compete with Instagram."Instagram is an inevitable share taker given its funding and engineering resources," Morris said.Second, Morris said Snap needs a home run with its Android rework. Android devices account for 88% of global mobile minutes. Unfortunately, Snapchat's global Android penetration rate is still in the single digits.Finally, as the ARPU numbers indicate, Snap needs to gain traction with its ad pricing. Domestic advertising revenue has trended higher for Snap in each of the past four quarters. However, that number will have to continue moving in the right direction for a long time before Snap is generating meaningful profits. Snap Stock Is ExpensiveAs a value investor at heart, I never like to see any company generating negative earnings. However, for high-growth stocks like Snap, price-to-sales ratio can be a stand-in for price-to-earnings ratio.Unfortunately, after the recent rally, SNAP stock is trading at about 6.6 times Guggenheim's estimated 2020 revenue. The obvious first comparison is FB stock, which is trading at just 5.7 times 2020 sales estimates.Other digital media stocks, including Netflix (NASDAQ:NFLX) (6.2 times 2020 revenue), Twitter (NYSE:TWTR) (5.9 times 2020 sales), Alphabet (NASDAQ:GOOGL) (4.0 times 2020 sales) and Roku (NASDAQ:ROKU) (4.2 times 2020 sales) are all cheaper than Snap at the moment. The same pattern holds true when looking all the way ahead to 2023. SNAP stock is simply expensive. TakeawaySnap is not profitable. Its user growth has stagnated. Its stock is more expensive than its more successful peers. It's ad business is less efficient than Instagram's, it's losing market share and it has several key operational hurdles to clear in the near-term.Yet despite all these negatives, traders can cash out a 30 percent gain since Feb.1 or a 60 percent gain since Jan. 1. In my opinion, they should do just that as soon as possible.As of this writing, Wayne Duggan held no positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Cheap Stocks to Buy Right Now * 5 Stocks Under $5 to Buy Before They Soar * 5 Consumer Stocks to Cash Out Of Compare Brokers The post Take Your SNAP Stock Profits While They're Still There for the Taking appeared first on InvestorPlace.

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  • 3 Reasons Why You Shouldn’t Chase Snap Stock

    3 Reasons Why You Shouldn’t Chase Snap Stock

    For many analysts including yours truly, Snap (NYSE:SNAP) stock was an easy target to pick on. A social media company that weathered multiple controversies and identity crises, SNAP had many troublesome issues that hurt SNAP stock. Last year, Snapchat stock lost over 62%.Yet seemingly out of nowhere, SNAP stock found its second wind. Surprisingly, SNAP is one of the top players in the markets this year. The company's favorable fourth-quarter earnings report is responsible for most of the enthusiasm towards SNAP stock.SNAP reported a loss per share of 4 cents, beating analysts' consensus estimate which called for an EPS loss of 7 cents. However, the real treat for Wall Street was the company's revenue haul. The social media firm's top line came in at $390 million, beating the consensus forecast of $378 million.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Financial Stocks With Accelerating Growth Furthermore, SNAP's average revenue per user (ARPU) increased to $2.09, beating analysts' average estimate of $2.05. Finally, in Q4 its global daily active users hit 186 million, beating the average forecast of 184.6 million.All told, it wasn't the better-than-expected results that impressed the markets. Rather, SNAP finally demonstrated that it's viable. While it has always dominated the lucrative youth segment, it had difficulty translating that dominance into decent results.Perhaps that's no longer the case. Analysts now believe that Snap's momentum can continue, enabling its revenue to increase further.Certainly, those who recommended speculating on SNAP stock finally have credibility. Last September, InvestorPlace's Will Ashworth stated that SNAP stock was worth gambling on as long as it stayed under $10. As is usually the case, he was right on the money. Year-to-date, SNAP stock is up over 69%.But is Snapchat stock worth buying now? I'm going to argue that investors should avoid SNAP stock. Here are three reasons for my opinion: The Fundamentals of SNAP Stock Are Still PoorIn his most recent take on Snapchat stock, Ashworth said that he usually doesn't believe in investing in companies that are losing money unless they have a "clear pathway to profitability."Naturally, the question is, does SNAP have such a path? I don't think so, and many skeptical analysts agree with me. Even Ashworth himself has doubts. He wrote:The company still lost $576 million on an adjusted EBITDA basis (in 2018) despite a much stronger fourth quarter. Its free cash flow in 2018 was -$810 million, a mere nine million better than a year earlier. That's hardly a pathway.Plus, SNAP stock isn't as compelling as other tech firms that initially swam in red ink. For instance, critics slammed Amazon (NASDAQ:AMZN) and Facebook (NASDAQ:FB) during their early build-up due to their lack of profitability. But these companies dominated their industries and helped transform the tech landscape.SNAP only dominates the fake-rainbow sector.Further, I question Snap's ability to move the needle. During the Q4 conference call, CEO Evan Spiegel noted that Snapchat's user engagement stabilized."Stable" has contradictory meanings, depending on the industry in which it is used. In the medical world, it's a great word. But in the business sector, it's a euphemism for, "we're about to get creamed."Also, stabilizing user engagement contradicts Spiegel's other ambition, which is to increase the company's share of Android users. I appreciate the effort, but Snapchat stock has a long-term credibility problem.Show me, don't tell me. Unfortunately, SNAP's fundamentals remain poor on several fronts. Demographic Limitations Will Dog Snapchat StockIf I remember correctly, every InvestorPlace story I wrote about SNAP stock discussed its demographic limitations. My column, "Snap Inc (SNAP) Stock Found the Fountain of Youth, Unfortunately," adequately covered this topic, so I won't rehash it here.What I will say is that in prior analyses, I focused on competitive concerns. For instance, once users outgrew Snapchat, they're more likely to gravitate towards Facebook. Simply put, the latter offers more professional, utilitarian applications which millennials find invaluable.But since ARPU was one of the highlights of SNAP's Q4 results, we need to discuss the company's revenue outlook. As I previously mentioned, SNAP wants to capture more Android users, using its latest-generation Android app.Spiegel sort of has a plan to accomplish this. He mentioned that there are more than two billion Android users. Therefore, taking a small percentage from this big pond will yield a huge payout for Snapchat stock, he contended.But as Ashworth retorted, that's easier said than done. I'll go a step further and say it's next to impossible, given SNAP's narrow demographic focus.When it comes to ARPU, whom is SNAP going to target for revenue opportunities? Snapchat's advertisement sales and engagement run a distant third to Facebook and Twitter (NYSE:TWTR), who are first and second, respectively.Even more problematic, media and entertainment firms run the most advertisements on Snapchat's platform. That's fine, but the company won't be able to raise its ARPU by selling ads to companies in other sectors.Furthermore, the makers of alcoholic beverages can't advertise on Snapchat because most of its users can't legally drink. Also, car companies, professional services, and real estate firms (among others) can't advertise on Snapchat either because young people lack the funds to take advantage of their offers. SNAP's Huge Technical RiskFinally, I don't think investors should chase SNAP stock due to its technical risks. For starters, Snapchat stock is very volatile. Recall that SNAP stock tumbled over 62% last year. To make up that loss, SNAP stock will need to rally over 163%.While this year's bull run is a great start, SNAP is still a long way from making up its losses. In addition, the Street will want SNAP to report strong Q1 results. If that doesn't happen, SNAP stock could plummet again.But SNAP stock could also drop before we even get there. Source: I can't help but notice that after its recent surge, Snapchat is just underneath its 200-day moving average. I think SNAP won't push past this technical barrier without reporting meaningful news. If SNAP had the pathway to profits that Ashworth mentioned, I might take a gamble on the shares. But it doesn't.Snapchat stock is as problematic as it has always been. A single earnings beat doesn't change that outlook.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Leading the Market's Blitz Higher * 7 Strong Buy Stocks With Over 20% Upside * 5 Growthy Stocks Trading Below 15X Earnings Compare Brokers The post 3 Reasons Why You Shouldna€™t Chase Snap Stock appeared first on InvestorPlace.

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  • InvestorPlace8 days ago

    4 Reasons Investors Should Buy Snap Stock Instead of Facebook Stock

    The fastest way to make a great deal of money with stocks is to invest in an up-and-coming name that's not yet getting a great deal of respect from the Street. I would argue that Snap (NYSE: SNAP) is definitely in that category, despite the 50%-plus run-up in SNAP stock this year.Conversely, the risk-reward ratio of large, well-established companies whose growth has likely peaked isn't too high. Even in the unlikely event that such a company manages to find a way to accelerate its growth, the stock probably won't rise nearly as much as one that defies the Street's forecast. On the other hand, the well-established company's stock will see a significant drop if its growth slows more than the Street's expectation. I believe that Facebook (NASDAQ:FB) is this latter type of company.Here are my four reasons for a bullish view on Snap stock and my bearish outlook on Facebook stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips 1: Bottom Line GrowthSimply put, Snap's bottom line growth is accelerating while Facebook's is headed in the opposite direction.Facebook's income from operations rose a paltry 6.4% year-over-year last quarter, down from 61% growth in the fourth quarter of 2017. Meanwhile, Snap's adjusted EBITDA surged by $109 million YoY last quarter, versus a $41 million improvement in Q3. In Q4 2017, SNAP reported that its EBITDA tumbled by $38 million YoY.Clearly, SNAP -- and SNAP stock -- look poised to benefit from accelerating profit growth, while Facebook stock is being weighed down by a slowing bottom line. * Buy These 5 Stocks to Play the Megatrend of the Century 2: Multiple Initiatives Are Boosting SNAP StockViewership of Snap's original TV shows appears to be growing quickly, as a large share of Snap's audience likes at least some of the website's shows.More than 40% of the people who caught an episode of the new Snap show The Dead Girls Detective Agency went on to watch the entire season. Management also told Q4 conference call participants that the animated Bitmoji Stories reached more than 40 million viewers in December. In sum, the number of people watching marketers' shows on Snapchat jumped 30% year-over-year, with 25 million-35 million people watching NBC News' show on Snapchat.I interpret these statistics as evidence that SNAP's shows are quite sticky. That stickiness is improving the platform's user metrics, causing its bottom line to accelerate rapidly.On the other hand, even FB CEO Mark Zuckerberg has admitted that for the last couple of years, the company has focused primarily on social issues like election integrity, content governance, safety and security, and data privacy. All of those initiatives represent defensive reactions by Facebook to its past mistakes rather than efforts that can really improve its bottom line and boost FB stock in the process. Although Zuckerberg indicated that the social network would pivot this year to more ambitious, offense initiatives, he wasn't very specific about them and none of them seemed groundbreaking. 3: SNAP Stock is Hotter Than FB StockFacebook stock has jumped 33% since its Christmas Eve lows and about 10% since its Q4 earnings report. But SNAP stock has positively been on fire, soaring nearly 80% since Dec. 24 and climbing close to 30% in the wake of its earnings report last week. Sometimes in investing, it pays to go with the momentum, and this feels like one of those times. 4: SNAP Stock's Strong, Built-In Positive CatalystAs I've noted in the past, SNAP stock should benefit from higher revenue as its young fans get older. That's because, as they mature, they will get jobs and make money, becoming much more attractive to advertisers. * The 9 Best Stocks to Invest In During a Manic Market There were multiple indications in Snap's Q4 results of this phenomenon. Specifically, the company's average revenue per user (ARPU) jumped 37% YoY, indicating that advertisers are indeed paying much more for each of Snap's users. The phenomenon is likely also partly responsible for the dramatic jump in Snap's gross margin, which surged to a record 48% last quarter, versus 36% in the same period a year earlier. Bottom Line on SNAP StockAdditionally, SNAP cited an endorsement from Procter & Gamble's (NYSE:PG) head of digital partnerships, Craig Stimmel: "To continue driving growth across our businesses, it is critical to connect with Gen Z and Millennials; Snapchat has been an important part in that strategy." Many advertisers are going to be willing to pay more to connect with members of Gen Z and with millennials as their net worth increases.SNAP and SNAP stock should continue to benefit from that trend. FB and Facebook stock will not benefit nearly as much from the trend because U.S. millennials and Gen Z make up a much smaller portion of its audience than Snapchat's.As of this writing, Larry Ramer did not own shares of any of the companies mentioned. 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