Streetbeat News

SNAP

Snap Inc.

https://www.snap.com

Industry

Internet Content & Information

Snap Inc. operates as a camera company in North America, Europe, and internationally. The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, story ads, collection ads, dynamic ads, and commercials. 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.

Open

8.58

Mkt cap

15B

Volume

26M

High

8.68

P/E Ratio

-20.57

52-wk high

17.33

Low

8.46

Div yield

N/A

52-wk low

8.29

The U.S. Senate is expected to pass a bill aimed at protecting children from harmful online content, requiring tech companies to take steps to prevent harm on platforms used by minors. The bill has bipartisan support and targets companies like Meta, Snap, X (formerly Twitter), and TikTok.

Portfolio Pulse from Ananya Gairola

July 30, 2024 | 5:24 am

The article discusses how Snapchat has faced challenges in protecting teens from drug dealing and 'sextortion' on its platform. This raises concerns about the company's ability to ensure user safety, particularly for younger users.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:06 pm

Shares of companies within the broader communication services sector are trading lower possibly in sympathy with overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 7:08 pm

Top Wall Street analysts have upgraded their ratings for several companies, including Coinbase Global, Snap Inc., Krispy Kreme, Equinix, and Vertical Aerospace. These upgrades have led to varying stock price movements for each company.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 1:07 pm

Snap shares are trading higher following an upgrade from Morgan Stanley, which raised the stock rating from Underweight to Equal-Weight and increased the price target from $12 to $16.

Portfolio Pulse from Bill Haddad

July 23, 2024 | 10:40 am

Morgan Stanley has upgraded Snap (NYSE:SNAP) from Underweight to Equal-Weight and raised the price target from $12 to $16.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:30 am

Investors have taken a bearish stance on Snap (NYSE:SNAP) based on recent options data from Benzinga. The majority of the options transactions identified were puts, indicating a negative sentiment. The price range focus is between $15.0 and $15.5. Snap's stock is currently neutral with an RSI indicator and is trading at $14.57.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 1:46 pm

ASLAN Pharmaceuticals shares dropped over 38% after announcing the voluntary liquidation of its sole operating subsidiary. Other notable stock movements include Aptevo Therapeutics climbing 84% following a $2.75 million offering, and Shimmick Corporation rising 49% after securing a $27.6 million subcontract. Cassava Sciences fell nearly 30% due to executive leadership changes.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 5:28 pm

Snap (NYSE:SNAP) and Meta (NASDAQ:META) shares are trading lower following Donald Trump's comments in support of TikTok, which he believes is necessary for competition against Facebook and Instagram. This comes after Joe Biden signed a divest-or-ban law earlier this year.

Portfolio Pulse from Dylan Berman

July 17, 2024 | 2:56 pm

Shares of Meta Platforms Inc. (META) and Snap Inc. (SNAP) are trading lower.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:44 pm

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