Snap（SNAP）株式概要Snap Inc.は、北米、欧州、および国際的なテクノロジー企業として事業を展開している。 詳細SNAP ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長3/6過去の実績0/6財務の健全性5/6配当金0/6報酬当社が推定した公正価値より56.9%で取引されている 収益は年間63.02%増加すると予測されています 過去5年間の収益は年間6.3%増加しました。 リスク分析過去3か月間に大規模なインサイダー売却が発生 すべてのリスクチェックを見るSNAP Community Fair Values Create NarrativeSee what 140 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN55.9% undervaluedAnalystHighTarget•15d agoAR Breakthroughs And Expanding Mobile Adoption Will Redefine Digital Experiences16714AN29.1% undervaluedAnalystConsensusTarget•1mo agoAugmented Reality And Mobile Adoption Will Shape Future Digital Markets723064AN40.5% overvaluedAnalystLowTarget•29d agoStricter Privacy And Meta Rivalry Will Impair Long Term Value5304Top Community NarrativesSnapNANateFCommunity ContributorSNAP Market OutlookSnap is trying to turn its lead with younger users into a bigger business by pushing new ad tools, shopping features, and a paid subscription. The upside depends on whether it can keep people engaged while tougher ad budgets, privacy rules, and bigger rivals don’t squeeze it out.View narrativeUS$9.58FV41.3% 割安 内在価値ディスカウントSet Fair ValueView301users have viewed this narrative0users have liked this narrative0users have commented on this narrative17users have followed this narrativeover 1 year ago author updated this narrativeTop Community NarrativesSnapNANateFCommunity ContributorSNAP Market OutlookSnap is trying to turn its lead with younger users into a bigger business by pushing new ad tools, shopping features, and a paid subscription. The upside depends on whether it can keep people engaged while tougher ad budgets, privacy rules, and bigger rivals don’t squeeze it out.View narrativeUS$9.58FV41.3% 割安 内在価値ディスカウントSet Fair ValueView301users have viewed this narrative0users have liked this narrative0users have commented on this narrative17users have followed this narrativeover 1 year ago author updated this narrativeTop Analyst NarrativesAN55.9% undervaluedAnalystHighTarget•15d agoAR Breakthroughs And Expanding Mobile Adoption Will Redefine Digital Experiences16714AN29.1% undervaluedAnalystConsensusTarget•1mo agoAugmented Reality And Mobile Adoption Will Shape Future Digital Markets723064AN40.5% overvaluedAnalystLowTarget•29d agoStricter Privacy And Meta Rivalry Will Impair Long Term Value5304View all narrativesSnap Inc. 競合他社BilibiliSymbol: NasdaqGS:BILIMarket cap: US$8.3bPinterestSymbol: NYSE:PINSMarket cap: US$10.6bMatch GroupSymbol: NasdaqGS:MTCHMarket cap: US$8.2bRumbleSymbol: NasdaqGM:RUMMarket cap: US$2.4b価格と性能株価の高値、安値、推移の概要Snap過去の株価現在の株価US$5.6252週高値US$10.4152週安値US$3.81ベータ1.051ヶ月の変化-6.33%3ヶ月変化12.40%1年変化-32.13%3年間の変化-42.65%5年間の変化-90.72%IPOからの変化-77.04%最新ニュースライブニュース • May 18Snap Tops Q1 Expectations with 12% Revenue Growth and Cost Cuts While Settling Major LawsuitSnap reported Q1 2026 revenue growth of 12% year over year, with adjusted EBITDA more than doubling to US$233 million and earnings of US$0.10 per share versus expectations of US$0.09. Daily Active Users increased 5%, supported by stronger international performance, particularly in Europe, and contributions from small and medium business advertisers plus subscription products such as Snapchat+ and Lens+. Snap, alongside YouTube and TikTok, reached an undisclosed settlement in a high-profile school district lawsuit over social media addiction, while Meta remains the only major platform yet to settle similar claims. The company outlined a plan to cut over US$500 million in annual costs in the second half of 2026, while also highlighting augmented reality efforts such as Specs glasses, even as it remains unprofitable and guides to flat revenue for Q2. Taken together, the earnings beat, user growth and cost-cut plan show management is focused on improving profitability, but flat Q2 revenue expectations and ongoing competition from larger rivals keep the business under pressure. The legal settlement helps reduce one source of uncertainty, yet broader regulatory and litigation risks around youth safety and platform design remain an important factor to watch.Seeking Alpha • May 17Snap: Cost Cuts Won't Help If Developed Markets Users LeaveSummary Snap remains a sell as North American user declines threaten long-term shareholder value despite recent cost-cutting and profitability focus. SNAP's user base is shifting toward lower-ARPU regions, undermining monetization gains and limiting the upside from improved ad formats and cost discipline. At a 7.4x EV/FY26 adjusted EBITDA multiple, SNAP's valuation is not compelling given persistent user churn and risk of dis-economies of scale. Cost savings and EBITDA margin expansion are outweighed by structural user growth concerns; I recommend avoiding SNAP in favor of stronger platforms. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • May 14Co-Founder notifies of intention to sell stockRobert Murphy intends to sell 2m shares in the next 90 days after lodging an Intent To Sell Form on the 13th of May. If the sale is conducted around the recent share price of US$5.38, it would amount to US$11m. Since September 2025, Robert's direct individual holding has decreased from 177.02m shares to 173.13m. Company insiders have collectively sold US$22m more than they bought, via options and on-market transactions in the last 12 months.Major Estimate Revision • May 14Consensus EPS estimates upgraded to US$0.10 lossThe consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -US$0.149 to -US$0.101 per share. Revenue forecast steady at US$6.69b. Interactive Media and Services industry in the US expected to see average net income growth of 19% next year. Consensus price target down from US$7.91 to US$7.64. Share price fell 8.2% to US$5.61 over the past week.分析記事 • May 11Snap Inc. (NYSE:SNAP) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This YearLast week saw the newest quarterly earnings release from Snap Inc. ( NYSE:SNAP ), an important milestone in the...Breakeven Date Change • May 08Forecast breakeven date moved forward to 2027The 40 analysts covering Snap previously expected the company to break even in 2028. New consensus forecast suggests losses will reduce by 68% to 2026. The company is expected to make a profit of US$96.5m in 2027. Average annual earnings growth of 66% is required to achieve expected profit on schedule.最新情報をもっと見るRecent updatesライブニュース • May 18Snap Tops Q1 Expectations with 12% Revenue Growth and Cost Cuts While Settling Major LawsuitSnap reported Q1 2026 revenue growth of 12% year over year, with adjusted EBITDA more than doubling to US$233 million and earnings of US$0.10 per share versus expectations of US$0.09. Daily Active Users increased 5%, supported by stronger international performance, particularly in Europe, and contributions from small and medium business advertisers plus subscription products such as Snapchat+ and Lens+. Snap, alongside YouTube and TikTok, reached an undisclosed settlement in a high-profile school district lawsuit over social media addiction, while Meta remains the only major platform yet to settle similar claims. The company outlined a plan to cut over US$500 million in annual costs in the second half of 2026, while also highlighting augmented reality efforts such as Specs glasses, even as it remains unprofitable and guides to flat revenue for Q2. Taken together, the earnings beat, user growth and cost-cut plan show management is focused on improving profitability, but flat Q2 revenue expectations and ongoing competition from larger rivals keep the business under pressure. The legal settlement helps reduce one source of uncertainty, yet broader regulatory and litigation risks around youth safety and platform design remain an important factor to watch.Seeking Alpha • May 17Snap: Cost Cuts Won't Help If Developed Markets Users LeaveSummary Snap remains a sell as North American user declines threaten long-term shareholder value despite recent cost-cutting and profitability focus. SNAP's user base is shifting toward lower-ARPU regions, undermining monetization gains and limiting the upside from improved ad formats and cost discipline. At a 7.4x EV/FY26 adjusted EBITDA multiple, SNAP's valuation is not compelling given persistent user churn and risk of dis-economies of scale. Cost savings and EBITDA margin expansion are outweighed by structural user growth concerns; I recommend avoiding SNAP in favor of stronger platforms. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • May 14Co-Founder notifies of intention to sell stockRobert Murphy intends to sell 2m shares in the next 90 days after lodging an Intent To Sell Form on the 13th of May. If the sale is conducted around the recent share price of US$5.38, it would amount to US$11m. Since September 2025, Robert's direct individual holding has decreased from 177.02m shares to 173.13m. Company insiders have collectively sold US$22m more than they bought, via options and on-market transactions in the last 12 months.Major Estimate Revision • May 14Consensus EPS estimates upgraded to US$0.10 lossThe consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -US$0.149 to -US$0.101 per share. Revenue forecast steady at US$6.69b. Interactive Media and Services industry in the US expected to see average net income growth of 19% next year. Consensus price target down from US$7.91 to US$7.64. Share price fell 8.2% to US$5.61 over the past week.分析記事 • May 11Snap Inc. (NYSE:SNAP) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This YearLast week saw the newest quarterly earnings release from Snap Inc. ( NYSE:SNAP ), an important milestone in the...Breakeven Date Change • May 08Forecast breakeven date moved forward to 2027The 40 analysts covering Snap previously expected the company to break even in 2028. New consensus forecast suggests losses will reduce by 68% to 2026. The company is expected to make a profit of US$96.5m in 2027. Average annual earnings growth of 66% is required to achieve expected profit on schedule.ナラティブの更新 • May 05SNAP: Core Business And Perplexity Upside Will Support Future RepricingSnap's analyst price target has been adjusted modestly higher to reflect slightly stronger assumptions for revenue growth, improving profit margins, a lower discount rate, and a somewhat lower future P/E multiple, with recent Street research showing a mix of target raises and trims as analysts reassess the impact of product momentum and the evolving Perplexity partnership outlook. Analyst Commentary Recent Street research on Snap shows a split view, with several firms trimming price targets while others highlight upside tied to product execution and the evolving Perplexity partnership.Major Estimate Revision • Apr 27Consensus EPS estimates upgraded to US$0.15 lossThe consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -US$0.169 to -US$0.151 per share. Revenue forecast steady at US$6.69b. Interactive Media and Services industry in the US expected to see average net income growth of 30% next year. Consensus price target down from US$8.08 to US$7.91. Share price was steady at US$6.06 over the past week.お知らせ • Apr 22+ 1 more updateRandian Capital Publishes an Open Letter to Snap’s BoardOn April 22, 2026, Randian Capital LLC announced that it has published an open letter to Snap Inc.’s Board of Directors calling for a strategic review of Snap subsidiary Specs Inc., a review of the current Board composition, a review of Company’s potential index inclusion, and an independent review of President Trump’s Snapchat account. In addition, Randian Capital urged the Company Board to consider a value-creating transaction involving the sale of Specs Inc. to Spiegel for a contingent value right tied to Specs’ future revenues, with public shareholders benefiting from prospects and Company no longer penalized for ongoing investment. Further, Randian Capital encourages the Company to fund Specs with a final investment of $250mm-$500mm, ensure future financing is privately sourced, and subject any transaction to approval by a fully independent special committee of the Board, supported by independent legal and financial advisors, and conditioned on a fairness opinion. Furthermore, Randian Capital recommends refreshing the Board’s membership to add directors with proven operating experience in artificial intelligence and advertising monetization at scale and urges a review of mechanisms for Company’s inclusion in major indices and a potential move to Nasdaq. Randian Capital in its letter calls for an independent review of the decision to ban President Trump on Snapchat, considering implications for user growth, engagement, and advertiser demand, and encourages Evan Spiegel to address these items on the upcoming earnings call, emphasizing that swift attention to these matters will help maximize the long-term value of Snap.ナラティブの更新 • Apr 21SNAP: Perplexity Revenue Uncertainty Will Pressure Future Earnings MultipleSnap's revised analyst price target moves to $4.00 from $7.00 as analysts factor in a higher discount rate, more cautious assumptions for revenue growth and profit margins, and a lower future P/E multiple despite recent mixed target revisions across the Street. Analyst Commentary Recent Street research on Snap has leaned cautious, even as some firms have issued modest price target increases or upgrades.Major Estimate Revision • Apr 16Consensus EPS estimates upgraded to US$0.17 lossThe consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -US$0.199 to -US$0.166 per share. Revenue forecast steady at US$6.71b. Interactive Media and Services industry in the US expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at US$7.94. Share price rose 22% to US$6.02 over the past week.Breakeven Date Change • Apr 15Forecast to breakeven in 2028The 40 analysts covering Snap expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 31% per year to 2027. The company is expected to make a profit of US$93.3m in 2028. Average annual earnings growth of 61% is required to achieve expected profit on schedule.Recent Insider Transactions Derivative • Apr 12Co-Founder notifies of intention to sell stockEvan Spiegel intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 8th of April. If the sale is conducted around the recent share price of US$4.98, it would amount to US$5.0m. Almost all of their compensation in the past year has been non-cash. These sales could comprise a meaningful part of their income for the year. Since September 2025, Evan's direct individual holding has decreased from 162.92m shares to 158.06m. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.ナラティブの更新 • Apr 06SNAP: GenAI Ad Execution And Perplexity Revenue Will Offset Legal HeadwindsThe analyst price target on Snap is trimmed by $0.14 as analysts factor in a slightly higher discount rate, marginally softer revenue growth assumptions, modestly better profit margins, and a lower future P/E multiple, with recent research highlighting mixed views on ad market share, the Perplexity revenue opportunity, and the near term trading setup. Analyst Commentary Recent research on Snap reflects a divided view, with some firms seeing a constructive trading setup and others emphasizing execution risks and competitive pressures in digital advertising.お知らせ • Apr 03Randian Capital Sends Open Letter to Snap’s BoardOn April 1, 2026, Randian Capital, announced that it has sent an open letter to Snap Inc.’s Board and management, calling for change and inviting shareholders to an investor town hall on April 6, 2026. In addition, Randian highlights concern about Company’s capital allocation, including $1 billion annually on stock-based compensation and $1.6 billion on research and development, as well as a $3 billion investment in Spectacles. Further, Randian urges the Company Board to spin off Spectacles, review cost structure, leverage AI for efficiency, collapse the dual class share structure, commit to total shareholder return, hold an investor day, and appoint 2 new independent directors. Furthermore, Randian Capital criticizes Company’s governance structure and stock performance, noting an over 80% decline since the IPO, and encourages retail shareholders to engage with management and the Board.お知らせ • Apr 01Irenic Capital Sends Letter to SnapOn March 31, 2026, Irenic Capital Management, LP, announced that it has sent a public letter to Snap Inc.’s Co-Founder and CEO Evan Spiegel, detailing a path to realizing $26.37 per share and issued a presentation. In addition, Irenic Capital outlined recommendations including fully monetizing the AI opportunity, improving cost structure, increasing capital returns to shareholders, and enhancing corporate governance, believing Snap could be worth at least $26.37 per share or $35 billion following value-enhancing steps. Further, Irenic Capital highlighted Company’s underperformance since its IPO, compared to Meta and the Nasdaq, and emphasized the need for meaningful changes such as spinning or shutting down Specs, rationalizing the cost structure, aligning employee incentives, focusing on AI to improve ad monetization, monetizing latent AI opportunities, taking advantage of discounted valuation, and improving corporate governance by giving Class A shareholders 1 vote per share. Furthermore, Irenic Capital encouraged shareholders to visit SaveSnapNow.com to view and download the presentation and asserted that the Company should not continue its current course, urging action to unlock value for shareholders.お知らせ • Mar 25Anapol Weiss Files Lawsuit Against Roblox Corporation, Discord Inc., and Snap Inc. Alleging Platforms Enabled Sexual Exploitation of MinorAnapol Weiss had filed a federal lawsuit against Roblox Corporation, Discord Inc., and Snap Inc. The plaintiff, a now 15 year old from North Carolina, was targeted across multiple platforms due to design features that allowed adults to identify and contact her. The complaint contends that design features across all three platforms created openings that allowed predators to identify and exploit a minor. According to the publicly filed complaint, the child was first approached on Roblox by an adult predator who used the platform’s communication tools to gain access to her. He then coerced her into sending sexually explicit images of herself on Discord. The complaint further describes how a second predator located her on Snapchat, where he ultimately drugged and sexually assaulted her multiple times. The complaint states that the abuse was a direct consequence of design choices that allowed adults to easily identify, contact, and manipulate children across multiple platforms. The companies publicly promoted their platforms as safe for young users while declining to implement basic, widely available protections. Instead, the complaint asserts, each platform incorporated features that enabled adult–minor contact and prioritized user growth and engagement over the safety of children. A common pattern is highlighted across the platforms: permissive communication tools, ineffective age-verification, and features that connect minors with unknown adults. Internal concerns about safety, the complaint claims, were overshadowed by business considerations, including the potential impact of stronger protections on user engagement and growth. The complaint describes profound and lasting harm to the minor, including severe psychological trauma, and the need for ongoing medical and therapeutic care. This lawsuit is part of a broader effort by Anapol Weiss, which has filed 22 cases against these companies and serves in a leadership role in the centralized federal litigation—now comprising well over 100 filed cases—alleging that Roblox, Discord, and Snap enabled sexual exploitation of children through dangerous platform designs. Anapol Weiss has been at the forefront of litigation involving online child exploitation and represents individuals and families nationwide in cases involving corporate negligence and product safety. The firm was among the first in the nation to bring claims against major gaming platforms related to child safety and continues to play a leading role in these cases.ナラティブの更新 • Mar 23SNAP: High Margin Perplexity Revenue Will Drive Future Upside RepricingAnalysts have trimmed their average price target on Snap to $6.50 from $9.50, reflecting ongoing questions about the timing of high margin Perplexity related revenue and Snap's position relative to larger digital ad platforms. Analyst Commentary Recent research on Snap reflects a mix of caution and selective optimism, with price target resets clustering around the new US$6.50 average and a few upgrades signaling some confidence in execution and risk reward at current levels.Recent Insider Transactions • Mar 19Chief Financial Officer recently sold US$427k worth of stockOn the 16th of March, Derek Andersen sold around 93k shares on-market at roughly US$4.59 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$633k. Derek has been a net seller over the last 12 months, reducing personal holdings by US$3.0m.Recent Insider Transactions Derivative • Mar 17Chief Financial Officer notifies of intention to sell stockDerek Andersen intends to sell 93k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of March. If the sale is conducted around the recent share price of US$4.59, it would amount to US$427k. Since March 2025, Derek's direct individual holding has increased from 3.51m shares to 3.89m. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.Breakeven Date Change • Mar 17No longer forecast to breakevenThe 40 analysts covering Snap no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$1.45m in 2028. New consensus forecast suggests the company will make a loss of US$4.44m in 2028.ナラティブの更新 • Mar 09SNAP: High Margin Perplexity Partnership And Buybacks Will Drive Future ReturnsThe analyst price target for Snap has moved lower by about $1 to reflect updated views on slightly softer revenue growth, a higher discount rate, and a meaningfully lower future P/E assumption, partially offset by improved profit margin expectations and ongoing debate around the timing and impact of high margin Perplexity related revenue. Analyst Commentary Recent Street research around Snap has been active, with several firms revisiting their models, ratings, and price targets.Recent Insider Transactions Derivative • Feb 27General Counsel notifies of intention to sell stockZachary Briers intends to sell 69k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of February. If the sale is conducted around the recent share price of US$4.73, it would amount to US$325k. Zachary now holds 45.74k shares directly in their own name. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Feb 27Chief Accounting Officer & Controller recently sold US$93k worth of stockOn the 19th of February, Rebecca Morrow sold around 20k shares on-market at roughly US$4.72 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$10m. Insiders have been net sellers, collectively disposing of US$21m more than they bought in the last 12 months.ナラティブの更新 • Feb 22SNAP: GenAI Ad Execution Will Offset Regulatory And Competitive HeadwindsAnalysts have trimmed their average price target on Snap, with our fair value estimate moving from $8.38 to $8.07 as they factor in slightly higher discount rates, modestly adjusted revenue growth expectations, lower projected profit margins and a higher future P/E multiple. Analyst Commentary Recent Street research on Snap shows a mix of optimism and caution, with several firms adjusting price targets and ratings in quick succession.Recent Insider Transactions • Feb 20Chief Business Officer recently sold US$561k worth of stockOn the 17th of February, Ajit Mohan sold around 119k shares on-market at roughly US$4.70 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$10m. Insiders have been net sellers, collectively disposing of US$21m more than they bought in the last 12 months.ナラティブの更新 • Feb 08SNAP: AI And Ad Platform Execution Will Support Future UpsideAnalysts have trimmed their fair value estimate for Snap from about $9.78 to $8.38. This reflects a mix of slightly higher discount rate assumptions, modestly updated growth and margin inputs, and a move toward lower future P/E multiples in line with the recent wave of reduced price targets, punctuated by only a few upgrades.Breakeven Date Change • Feb 08No longer forecast to breakevenThe 40 analysts covering Snap no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$20.3m in 2028. New consensus forecast suggests the company will make a loss of US$900.8k in 2028.New Risk • Feb 08New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$460m Forecast net loss in 3 years: US$901k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$901k net loss in 3 years). Significant insider selling over the past 3 months (US$13m sold).Recent Insider Transactions Derivative • Feb 07Co-Founder notifies of intention to sell stockRobert Murphy intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 6th of February. If the sale is conducted around the recent share price of US$5.21, it would amount to US$5.2m. Since March 2025, Robert's direct individual holding has decreased from 179.63m shares to 175.73m. Company insiders have collectively sold US$22m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Feb 05Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: US$0.27 loss per share (improved from US$0.42 loss in FY 2024). Revenue: US$5.93b (up 11% from FY 2024). Net loss: US$460.5m (loss narrowed 34% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Interactive Media and Services industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.分析記事 • Feb 05Some Confidence Is Lacking In Snap Inc. (NYSE:SNAP) As Shares Slide 28%Snap Inc. ( NYSE:SNAP ) shareholders that were waiting for something to happen have been dealt a blow with a 28% share...お知らせ • Feb 05Snap Inc. (NYSE:SNAP) announces an Equity Buyback for $500 million worth of its shares.Snap Inc. (NYSE:SNAP) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its Class A common stock. The purpose of the program is to utilize the company’s strong balance sheet to opportunistically offset a portion of the dilution related to the issuance of restricted stock units to employees as part of the overall compensation program designed to foster an ownership culture. The repurchases under the program will be funded from existing cash and cash equivalents. The program will be valid for a period of 12 months.ナラティブの更新 • Jan 24SNAP: Higher Margin AI And New Revenue Streams Will Support Future UpsideAnalysts have nudged their Snap price targets slightly lower, trimming fair value by about $0.09 as they factor in modestly softer revenue growth assumptions, a slightly higher discount rate and a lower future P/E multiple. These effects are partly offset by firmer profit margin expectations supported by newer, higher margin revenue streams like the Perplexity partnership and generally solid recent quarters.ナラティブの更新 • Jan 10SNAP: Higher Margin Partnerships And Buyback Plan Will Support Future ProfitabilityAnalyst price targets on Snap have moved modestly higher, with several firms lifting ranges to about US$8.60 to US$11 as they factor in Q3 results that were generally solid, stronger AEBITDA, and potential future margin benefits from newer revenue streams such as the Perplexity partnership. Analyst Commentary Street research on Snap is mixed, but the most recent commentary has tilted a bit more constructive as analysts react to Q3 results, updated Q4 guidance, and the early read on new partnerships such as Perplexity.Breakeven Date Change • Dec 31Forecast to breakeven in 2028The 40 analysts covering Snap expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$31.7m in 2028. Average annual earnings growth of 54% is required to achieve expected profit on schedule.ナラティブの更新 • Dec 26SNAP: Higher Margin Partnerships Will Drive Stronger Profitability OutlookAnalysts have modestly raised their fair value estimate for Snap, lifting the implied price target by about $0.70 to approximately $13.66. They are factoring in improving revenue growth, margin expansion from higher margin partnerships like Perplexity, and a more normalized future earnings multiple following generally solid Q3 results and stable Q4 guidance.Recent Insider Transactions • Dec 23Chief Financial Officer recently sold US$249k worth of stockOn the 16th of December, Derek Andersen sold around 35k shares on-market at roughly US$7.21 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$10m. Derek has been a net seller over the last 12 months, reducing personal holdings by US$3.2m.ナラティブの更新 • Dec 12SNAP: Higher Margin AI Partnerships Will Drive Profitability Upside Over The Next YearsAnalysts have modestly raised their price target on Snap, reflecting a slight uptick in fair value alongside improving revenue growth, profit margin expectations, and a lower discount rate. This shift is supported by broadly solid Q3 results, stronger than expected AEBITDA, and new higher margin revenue streams that have driven several recent target increases to the high single digit and low double digit dollar range.Recent Insider Transactions • Dec 11Co-Founder recently sold US$10m worth of stockOn the 8th of December, Evan Spiegel sold around 1m shares on-market at roughly US$8.01 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Evan's only on-market trade for the last 12 months.Recent Insider Transactions Derivative • Dec 10Co-Founder notifies of intention to sell stockEvan Spiegel intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 8th of December. If the sale is conducted around the recent share price of US$7.95, it would amount to US$10m. Almost all of their compensation in the past year has been non-cash. These sales could comprise a meaningful part of their income for the year. Since December 2024, Evan's direct individual holding has decreased from 168.61m shares to 162.92m. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Dec 09Snap Inc. Appoints Matthew McRae as Director to Board of Directors,Effective December 4, 2025On December 4, 2025, Snap Inc. approved an increase to the size of the board from eleven to twelve members and appointed Matthew McRae to fill the newly created vacancy,effective December 4, 2025. Mr. McRae will serve until the earlier of (a) the next annual meeting of our stockholders, (b) the effectiveness of the next action by written consent of stockholders in lieu of an annual meeting, and (c) his death, resignation, or removal. Mr. McRae has not been appointed to serve on any committees of the board of directors. Mr. McRae, age 51, has served as Chief Executive Officer and a member of the board of directors of Arlo Technologies Inc. since August 2018. He previously was NETGEAR’s Senior Vice President of Strategy, and prior to that served as Chief Technology Officer of Vizio Inc. for over 7 years. Mr. McRae previously served as Vice President of Marketing and Business Development of Fabrik (now part of HGST Inc.), and before that was Senior Director, Worldwide Business Development at Cisco Systems Inc. Mr. McRae currently serves on the board of directors for Origin Wireless, and was previously on the board of directors of Violux Inc., Dedicated Hosting Services Inc., and the Leatherby Center for Entrepreneurship and Business Ethics at the Business School of Chapman University. Mr. McRae holds a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania and a Bachelor of Science in Computer Engineering from the University of Pennsylvania. There are no family relationships between Mr. McRae and any of our directors or executive officers, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Further, there is no arrangement or understanding between Mr. McRae and any other persons or entities pursuant to which Mr. McRae was appointed as a director.ナラティブの更新 • Nov 28SNAP: Higher Margin Revenue Streams Will Drive Margin Expansion Over The Next Two YearsThe analyst price target for Snap has been raised modestly, as analysts cite solid quarterly results and expectations for higher-margin revenue streams in the coming years. Analyst Commentary Recent updates from the Street indicate a nuanced outlook for Snap.Recent Insider Transactions • Nov 20Insider recently sold US$912k worth of stockOn the 17th of November, Ajit Mohan sold around 109k shares on-market at roughly US$8.34 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$13m more than they bought in the last 12 months.Price Target Changed • Nov 19Price target increased by 7.0% to US$9.88Up from US$9.23, the current price target is an average from 36 analysts. New target price is 20% above last closing price of US$8.25. Stock is down 22% over the past year. The company is forecast to post a net loss per share of US$0.34 next year compared to a net loss per share of US$0.42 last year.Major Estimate Revision • Nov 13Consensus EPS estimates upgraded to US$0.33 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$0.413 to -US$0.333 per share. Revenue forecast steady at US$5.91b. Interactive Media and Services industry in the US expected to see average net income growth of 31% next year. Consensus price target up from US$9.23 to US$9.82. Share price rose 25% to US$9.09 over the past week.Recent Insider Transactions Derivative • Nov 09Co-Founder notifies of intention to sell stockRobert Murphy intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 7th of November. If the sale is conducted around the recent share price of US$7.94, it would amount to US$7.9m. Since December 2024, Robert's direct individual holding has decreased from 180.98m shares to 177.02m. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months.ナラティブの更新 • Nov 07SNAP: Future Margin Gains Will Likely Emerge From New Revenue StreamsAnalysts have slightly raised their fair value estimate for Snap, increasing the price target from approximately $9.28 to $9.60. Recent Street research highlights stronger than expected profit margins and the potential for future margin accretion from new revenue streams, despite continued market competition.Reported Earnings • Nov 06Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: US$0.061 loss per share (improved from US$0.092 loss in 3Q 2024). Revenue: US$1.51b (up 9.8% from 3Q 2024). Net loss: US$103.5m (loss narrowed 32% from 3Q 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 51%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Interactive Media and Services industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • Nov 06Snap Inc. (NYSE:SNAP) announces an Equity Buyback for $500 million worth of its shares.Snap Inc. (NYSE:SNAP) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its Class A common stock. The purpose of the program is to utilize the company’s strong balance sheet to opportunistically offset a portion of the dilution related to the issuance of restricted stock units to employees as part of the overall compensation program designed to foster an ownership culture. The repurchases under the program will be funded from existing cash and cash equivalents. The program will be valid for a period of 12 months.お知らせ • Oct 03Snap Inc. and Samba TV Study Demonstrate Impactful Entertainment Outcomes Across Streaming and Theatrical ReleasesSnap Inc. and Samba TV released compelling study results demonstrating Snapchat Advertising's ability to drive measurable outcomes at scale. Amid a thriving box office and a theatrical industry slated for continued growth, entertainment marketers are navigating an environment where accountability and proven ROI are paramount, Samba TV's study shows how Snapchat delivers consistent results across streaming, linear, and theatrical campaigns, moving audiences from discovery to action. The study, analyzing 29 media and entertainment campaigns, found that Snapchat ads delivered both upper- and lower-funnel impact, from boosting viewership to sustaining ticket sales long after opening weekend. The findings arrive at a moment when marketers are rethinking media plans to capitalize on the box office resurgence and balance awareness with conversion. Snapchat's proven ability to influence outcomes across the entertainment funnel, paired with Samba TV's independent first-party dataset and identity graph gives advertisers a unified view of campaign performance across the entire consumer journey. In 12 campaigns focused on promoting new movie releases in a booming theatrical market, Snapchat drove an average 79% incremental lift in ticket sale conversions, proving a positive investment for entertainment marketers. The study identified Snapchat's Commercials and Story Ads performed strongest, driving 5x and 3x lift respectively. Among light TV viewers, a segment of viewers that watch low levels of traditional television who are increasingly challenging to reach, Snapchat achieved an average 99% lift in ticket sales. Samba TV's study also demonstrated that Snapchat's ad campaigns had staying power long after the exposure with continued incremental ticket sales more than 30 days after release, further underscoring Snapchat's role in sustaining momentum when maximizing returns in a strong box office environment matters most. Across 17 campaigns promoting streaming and linear programming, Samba TV reported that Snapchat delivered an average 32% lift in viewership, with standout performance from formats including Lenses, Story Ads, and Reminder Ads. Every campaign in the study achieved statistically significant outcomes, proving that entertainment advertisers can rely on Snapchat to cut through crowded launch windows and fragmented media consumption habits. With more than 75% of 13- to 34-year-olds in more than 25 countries, Snapchat is a critical channel for entertainment marketers looking to reach audiences where they spend their time. To understand whether campaigns are driving impact, advertisers need access to comprehensive, full-funnel insights. Samba TV's first-party dataset spans TV, digital, and social channels, enabling brands and agencies to measure performance based on real-world business outcomes from box office sales to brand lift, retail visitation, and digital conversions.お知らせ • Sep 05Michael O’Sullivan to Leave as General Counsel and Secretary of Snap Inc. on December 31, 2025Snap Inc. announced that on September 3, 2025, Michael O’Sullivan, General Counsel and Secretary, notified the company that he will be leaving on December 31, 2025. Mr. O’Sullivan has confirmed that his decision is not related to any disagreement with the company on any matter relating to accounting, strategy, management, operations, policies, or practices (financial or otherwise).ナラティブの更新 • Aug 27Augmented Reality And Mobile Adoption Will Shape Future Digital MarketsAnalysts modestly lowered Snap’s price target to $9.28, reflecting revenue and EBITDA misses from Q2 amid mixed ad market dynamics and competitive pressures, partially offset by strong user growth and optimism around a more favorable macro backdrop. Analyst Commentary Mixed Q2 results reflected revenue and EBITDA misses, partly due to new ad campaign pricing mechanisms, though user growth in Spotlight remains strong at 23% y/y.お知らせ • Aug 22Holzer & Holzer, Llc Announces Lawsuit Filed Against Snap IncA shareholder class action lawsuit has been filed against Snap Inc. The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information regarding the true state of Snap’s advertising revenue growth rate. The deadline to ask the court to be appointed lead plaintiff in the case is October 20, 2025. Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, and 2023, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct.Recent Insider Transactions • Aug 21Insider recently sold US$1.3m worth of stockOn the 18th of August, Ajit Mohan sold around 184k shares on-market at roughly US$7.18 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$13m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Aug 08Co-Founder notifies of intention to sell stockRobert Murphy intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 7th of August. If the sale is conducted around the recent share price of US$7.74, it would amount to US$7.7m. Since December 2024, Robert's direct individual holding has decreased from 180.98m shares to 178.33m. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Aug 06Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: US$0.16 loss per share (further deteriorated from US$0.15 loss in 2Q 2024). Revenue: US$1.34b (up 8.7% from 2Q 2024). Net loss: US$262.6m (loss widened 5.6% from 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.分析記事 • Jul 23Snap Inc.'s (NYSE:SNAP) 29% Share Price Surge Not Quite Adding UpSnap Inc. ( NYSE:SNAP ) shareholders have had their patience rewarded with a 29% share price jump in the last month...お知らせ • Jul 12Snap Inc., Annual General Meeting, Aug 01, 2025Snap Inc., Annual General Meeting, Aug 01, 2025.お知らせ • Jul 11Snap Inc. to Report Q2, 2025 Results on Aug 05, 2025Snap Inc. announced that they will report Q2, 2025 results on Aug 05, 2025新しいナラティブ • Jul 06International User Momentum And AR Investments Will Unlock Potential Rapid international user and advertiser growth is positioning Snap for sustained revenue expansion and improved margins as digital ad spending rises globally.New Risk • Jul 01New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$532m Forecast net loss in 3 years: US$6.5m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$6.5m net loss in 3 years). Significant insider selling over the past 3 months (US$2.8m sold).お知らせ • Jun 21Snap Inc. (NYSE:SNAP) acquired Saturn Technologies Inc.Snap Inc. (NYSE:SNAP) acquired Saturn Technologies Inc. on June 20, 2025. Snap says almost the entire Saturn team is joining Snap as part of the acquisition, with just under 30 full-time employees coming on board. Snap Inc. (NYSE:SNAP) completed the acquisition of Saturn Technologies Inc. on June 20, 2025.お知らせ • Jun 11Snap to Launch New Lightweight, Immersive Specs in 2026Snap Inc. announced at the Augmented World Expo 2025 that it is launching lightweight, immersive Specs in 2026. Specs are an ultra- powerful wearable computer integrated into a lightweight pair of glasses, featuring see-through Lenses that enhance the physical world with digital experiences. Snap's all-new Specs are uniquely positioned to understand the world through advanced machine learning, bring AI assistance into three-dimensional space, enable shared games and experiences with friends, and provide a flexible and powerful workstation for browsing, streaming, and more. People use AR Lenses in the Snapchat camera 8 billion times per day, and over 400,000 developers have built more than 4 million Lenses with Snap's AR tools. Snap released its fifth generation of Spectacles for developers in 2024, paving the way for the public launch of Specs in 2026. Developers all over the world are already building new experiences, including: Super Travel from Gowaaa helps global travelers translate signs, menus, and receipts and convert currencies. Drum Kit from Paradiddle teaches new drummers how to play by overlaying cues on a real drum set and listening to the notes. Pool Assist from Studio ANRK helps players make better shots in pool. Cookmate from Headraft finds recipes based on available ingredients and provides step-by-step cooking guidance in the kitchen. Wisp World from Liquid City brings on whimsical adventures to playfully explore the world around you. The company also announced major updates to Snap OS, building on feedback and suggestions from its developer community: Deep Integrations with OpenAI and Gemini on Google Cloud: The company now enable developers to build multimodal AI-powered Lenses and publish them for the Spectacles community. For example, developers are using AI to provide text translation and currency conversion (Super Travel), suggest recipes (Cookmate), and bring on whimsical adventures (Wisp World) based on what see, say, or hear while wearing Spectacles. The company offer camera access designed with privacy in mind through proprietary Remote Service Gateway. Depth Module API: Translates 2D information from large language models in order to anchor AR information accurately in three dimensions, unlocking a new paradigm for spatial intelligence. Automated Speech Recognition API: Enables real-time transcription with support for 40+ languages including non-native accents with high accuracy. Snap3D API: lets developers generate 3D objects on the fly inside Lenses. Snap is also launching new tools specifically for developers building location-based experiences, making it easier to bring monuments, museums, and more to life: Fleet Management app: Enables developers to remotely monitor and manage multiple pairs of Specs. Guided Mode: Developers can configure Specs to launch directly into a single-player or multiplayer Lens quickly for a seamless visitor experience. Guided Navigation: This feature makes it easy to build AR-guided tours that direct people through a series of landmarks at events or museums. These tools support developers like Enklu, which operates holographic theater Verse Immersive in more than a dozen locations across the US. Now, Verse Immersive customers in Chicago can use Spectacles to play their new game SightCraft with friends, and it will roll out in more locations this year. And coming soon: Niantic Spatial VPS: company partnering with Niantic Spatial to bring their Visual Positioning System to Lens Studio and Specs to build a shared, AI-powered map of the world. WebXR Supportin the browser: Will enable developers to build, test, and access WebXR experiences.Recent Insider Transactions Derivative • Jun 04General Counsel & Secretary notifies of intention to sell stockMichael O'Sullivan intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of May. If the sale is conducted around the recent share price of US$8.25, it would amount to US$198k. Since June 2024, Michael's direct individual holding has decreased from 611.19k shares to 545.79k. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • May 20Senior Vice President of Engineering recently sold US$1.0m worth of stockOn the 16th of May, Eric Young sold around 118k shares on-market at roughly US$8.59 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$13m more than they bought in the last 12 months.Recent Insider Transactions Derivative • May 16Chief Financial Officer notifies of intention to sell stockDerek Andersen intends to sell 209k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of May. If the sale is conducted around the recent share price of US$9.03, it would amount to US$1.9m. Since June 2024, Derek's direct individual holding has increased from 2.39m shares to 3.51m. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions Derivative • May 05Co-Founder notifies of intention to sell stockRobert Murphy intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 1st of May. If the sale is conducted around the recent share price of US$7.97, it would amount to US$8.0m. Since September 2024, Robert's direct individual holding has decreased from 182.32m shares to 179.63m. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Apr 30First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: US$0.082 loss per share (improved from US$0.18 loss in 1Q 2024). Revenue: US$1.36b (up 14% from 1Q 2024). Net loss: US$139.6m (loss narrowed 54% from 1Q 2024). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings.Breakeven Date Change • Apr 30No longer forecast to breakevenThe 40 analysts covering Snap no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$98.4m in 2027. New consensus forecast suggests the company will make a loss of US$56.7m in 2027.Seeking Alpha • Apr 30Snap: Buy The Dip - There Is Considerable Upside PotentialSummary Snap Inc. presents a significant asymmetrical investment opportunity with limited downside risk and substantial upside potential, potentially doubling to $18 within 12 months. Despite past poor performance, Snap's valuation is now exceptionally cheap, trading at around 17 times forward EPS with a PEG ratio of 0.38. Snap's DAUs and profitability are growing, suggesting the market is severely mispricing the stock, offering serious multi-bagger potential. Risks include execution issues, macroeconomic factors, and ad spending slowdowns, but Snap's growth and takeover potential make it a strong buy. Read the full article on Seeking AlphaPrice Target Changed • Apr 23Price target decreased by 7.0% to US$11.46Down from US$12.32, the current price target is an average from 36 analysts. New target price is 44% above last closing price of US$7.98. Stock is down 28% over the past year. The company is forecast to post a net loss per share of US$0.35 next year compared to a net loss per share of US$0.42 last year.Price Target Changed • Apr 17Price target decreased by 7.2% to US$11.75Down from US$12.65, the current price target is an average from 36 analysts. New target price is 49% above last closing price of US$7.88. Stock is down 32% over the past year. The company is forecast to post a net loss per share of US$0.34 next year compared to a net loss per share of US$0.42 last year.Price Target Changed • Apr 16Price target decreased by 7.1% to US$11.80Down from US$12.71, the current price target is an average from 36 analysts. New target price is 53% above last closing price of US$7.74. Stock is down 29% over the past year. The company is forecast to post a net loss per share of US$0.34 next year compared to a net loss per share of US$0.42 last year.Seeking Alpha • Mar 14Snap: Bright Future Or Fading VisionSummary Snap Inc. is undervalued at $9 per share, with a potential 20% upside from my base case price target, making it a buy for risk-tolerant investors. The stock has been range-bound, typically finding support around $8 and resistance around $12, presenting a favorable risk-reward scenario. Key concerns include user retention as the current demographic ages and challenges in monetizing the platform amid stiff competition from giants like META and GOOGL. Management's focus on ad revenue growth, Snapchat+ subscriptions, and innovative features are crucial for long-term profitability and stock price appreciation. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Mar 12Co-Founder notifies of intention to sell stockRobert Murphy intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 11th of March. If the sale is conducted around the recent share price of US$8.98, it would amount to US$9.0m. Since June 2024, Robert's direct individual holding has decreased from 183.67m shares to 180.93m. Company insiders have collectively sold US$15m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Feb 23Senior Vice President of Engineering recently sold US$1.1m worth of stockOn the 18th of February, Eric Young sold around 102k shares on-market at roughly US$10.84 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$15m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Feb 19Senior Vice President of Engineering notifies of intention to sell stockEric Young intends to sell 102k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of February. If the sale is conducted around the recent share price of US$10.84, it would amount to US$1.1m. Since June 2024, Eric's direct individual holding has increased from 522.72k shares to 752.11k. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions Derivative • Feb 07Co-Founder notifies of intention to sell stockEvan Spiegel intends to sell 150k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of February. If the sale is conducted around the recent share price of US$10.42, it would amount to US$1.6m. Almost all of their compensation in the past year has been non-cash. These sales could comprise a meaningful part of their income for the year. Since March 2024, Evan's direct individual holding has decreased from 169.06m shares to 168.76m. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Feb 07Snap Inc. Provides Earnings Guidance for the First Quarter of 2025Snap Inc. provided earnings guidance for the first quarter of 2025. For the quarter, the company expects revenue to be $1,325 billion to $1,360 billion.Reported Earnings • Feb 05Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: US$0.42 loss per share (improved from US$0.82 loss in FY 2023). Revenue: US$5.36b (up 16% from FY 2023). Net loss: US$697.9m (loss narrowed 47% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings.Seeking Alpha • Feb 05Snap Q4 Earnings: A Turning Point Or Just A Blip? Tough Call (Upgrade)Summary I remain neutral on Snap Inc. despite its potential to regain traction, as its valuation at 51x forward free cash flow is unappealing. Snap's near-term prospects include innovative developments in augmented reality and personalization, but its young user base and tier-2 status compared to Instagram are concerns. Revenue growth rates are expected to stabilize, with Q1 2025 guidance at 17% y/y, potentially paving the way for 20% topline growth in 2025. While Snap's free cash flow improved significantly in 2024, uncertainties about meaningful topline growth and high valuation keep me cautious about investing. Read the full article on Seeking Alphaお知らせ • Jan 29Baron & Budd Represents California Counties in Public Nuisance Lawsuits Against Social Media CompaniesBaron & Budd filed public nuisance lawsuits against social media companies Meta, Snap, Google, YouTube, and TikTok. The lawsuits, filed on behalf of the people of the state of California in San Diego, Sacramento, and Del Norte Counties, allege that the defendant social media companies have created a public nuisance and health crisis among minors who have developed compulsive and addictive behaviors due to social media algorithms and user interface design intended to create repetitive uses. According to the lawsuit, the social media companies strategically and intentionally implemented behavioral and neurobiological techniques responsible for addictive behavior in the development of their platforms knowing that children and adolescents are particularly vulnerable to the addictive effects. The extensive complaint cites scientific research, including studies concealed by the defendants, that connect the intentional design of the platforms to the growing youth mental health crisis that is gripping the nation. The complaint alleges resulting effects of the addictive designs of the social media platforms have created extraordinary profits for the companies, but also caused alarming increases in anxiety, depression, and suicide rates for youths. The counties filing the lawsuits assert that the defendants’ conduct has created a public nuisance among the counties’ youth that requires abatement including but not limited to, funding for programs, services, and educational outreach. The lawsuits seek to hold the social media companies accountable for their role in creating or contributing to a public nuisance and enjoin them to stop their harmful actions while also seeking injunctive relief and abatement to fund education and addiction treatment. The cases were filed by the law firms Baron & Budd, Diab Chambers, Wagstaff & Cartmell, Beasley Allen, and Goza & Honnold.Seeking Alpha • Jan 22SBC-Fueled Cash Flows And Weak Growth Make Snap A Sell Into EarningsSummary Snap presents a story of weak growth dynamics in the US paired with weak cash generation masked using stock-based compensation. The TikTok ban extension and poor North American growth limit Snap's upside potential, with stagnant margins and declining user growth in key markets. Snap's valuation appears egregious, with EV/EBITDA indicating it's the most expensive among peers, suggesting a fair value per share of $4.5-$5. Risks to our thesis include potential growth in mature US markets and untapped revenue potential in emerging markets, though these remain uncertain. Read the full article on Seeking AlphaSeeking Alpha • Jan 09Snapchat Has Been Left BehindSummary The long time bullish thesis at Snapchat may be falling apart with user and revenue growth both slowing. The company has significantly lower gross and operating margins relative to peers. The stock does trade at a sizable relative discount which helps to offset the inferior metrics. I discuss where I see the stock going from here. Read the full article on Seeking Alphaお知らせ • Jan 08Snap Inc. Appoints Ankit Goyle as Head of India - MarketingSnap Inc. announced Apple's Ankit Goyle has joined the company as Head of India - Marketing. Prior to this, Ankit Goyle was with Apple as Head of Category Marketing & Demand Generation - iPhone and AirPods. He will be setting up the marketing function and contributing to Snapchat's mission of empowering self-expression and connection. Before joining Snap Inc, Ankit Goyle was with Apple for over 9 years. He last held the position of Head of Category Marketing & Demand Generation - iPhone and AirPods at the company. In his previous stints, Ankit Goyle has worked with Myntra, Aditya Birla Fashion and Retail Ltd, Reid & Taylor among others.Breakeven Date Change • Dec 31Forecast to breakeven in 2027The 39 analysts covering Snap expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$325.6m in 2027. Average annual earnings growth of 58% is required to achieve expected profit on schedule.Recent Insider Transactions • Dec 19Chief Financial Officer recently sold US$1.1m worth of stockOn the 16th of December, Derek Andersen sold around 94k shares on-market at roughly US$11.44 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.2m. Derek has been a net seller over the last 12 months, reducing personal holdings by US$4.5m.Seeking Alpha • Dec 18Tick Tock... The Ban Is Almost Here - Upgrading Snapchat To A BuySummary I'm upgrading Snap stock from sell to buy after a 6% price drop since my sell call and on potential gains from TikTok's U.S. ban, expected January 19th. TikTok's likely U.S. ban could benefit Snapchat significantly, as 70% of Snapchat users also use TikTok, and this could present higher user engagement on the platform. Snapchat is well aware and rolling out an expanded creator monetization program only days after the TikTok (possible) ban. I think this good news has yet to be priced in. I share my positive sentiment on Snapchat here and why I see more upside into 2025. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Dec 17Chief Financial Officer notifies of intention to sell stockDerek Andersen intends to sell 94k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of December. If the sale is conducted around the recent share price of US$11.44, it would amount to US$1.1m. Since December 2023, Derek's direct individual holding has increased from 643.86k shares to 2.29m. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Dec 08Snap: 25 Million Reasons To LoveSummary Snap trades near recent lows despite record revenues and a booming subscription business. The company has innovation in AR and AI, including Spectacles and My AI chat, driving user engagement and revenue growth, yet the market remains skeptical. Snapchat+ subscription service, with 12 million subscribers, could reach $1.5 billion in run rate revenue exiting 2025, significantly boosting Snap's financial outlook. The stock's forward EV/S multiple makes Snap the cheapest stock in the social media space. Read the full article on Seeking AlphaSeeking Alpha • Dec 01Snap: Time To Sell On Valuation Concerns (Rating Downgrade)Summary Shares of Snap have underperformed the broader market this year, and with poor U.S. user growth, I fear the stock has more to lose. I'm downgrading Snap to a sell. To me, Snap faces potential obsolescence as other social media companies like Reddit and Instagram compete for viewing time. Snap's valuation multiples are onerous (at >30x adjusted EBITDA), making it best to move to the sidelines and lock in any gains. Read the full article on Seeking AlphaRecent Insider Transactions • Nov 24Senior Vice President of Engineering recently sold US$1.2m worth of stockOn the 18th of November, Eric Young sold around 112k shares on-market at roughly US$10.55 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$12m more than they bought in the last 12 months.株主還元SNAPUS Interactive Media and ServicesUS 市場7D0.2%-3.1%-0.3%1Y-32.1%68.4%26.7%株主還元を見る業界別リターン: SNAP過去 1 年間で68.4 % の収益を上げたUS Interactive Media and Services業界を下回りました。リターン対市場: SNAPは、過去 1 年間で26.7 % のリターンを上げたUS市場を下回りました。価格変動Is SNAP's price volatile compared to industry and market?SNAP volatilitySNAP Average Weekly Movement9.0%Interactive Media and Services Industry Average Movement8.7%Market Average Movement7.2%10% most volatile stocks in US Market16.2%10% least volatile stocks in US Market3.2%安定した株価: SNAP 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: SNAPの 週次ボラティリティ ( 9% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト20105,261Evan Spiegelwww.snap.comSnap Inc.は、北米、欧州、および海外でテクノロジー企業として事業を展開している。同社は、カメラ、ビジュアルメッセージング、スナップマップ、ストーリー、スポットライトなどの様々なタブを備えたビジュアルメッセージングアプリケーション、スナップチャットを提供している。また、「Snapchat+」、「Lens+」、「Snapchat Platinum」といったサブスクリプションサービスも提供しており、サブスクライバーは限定機能や実験的機能、プレリリース機能などを利用することができる。また、自動化、高度化、拡張可能な広告バイイングとキャンペーン管理を提供する広告プラットフォームであるキャンペーン管理と配信、広告効果測定ソリューションを提供している。同社は以前はスナップチャット社として知られていたが、2016年9月に社名をスナップ社に変更した。スナップ・インクは2010年に設立され、カリフォルニア州サンタモニカに本社を置いている。もっと見るSnap Inc. 基礎のまとめSnap の収益と売上を時価総額と比較するとどうか。SNAP 基礎統計学時価総額US$9.20b収益（TTM）-US$409.85m売上高(TTM)US$6.10b1.5xP/Sレシオ-22.7xPER（株価収益率SNAP は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計SNAP 損益計算書（TTM）収益US$6.10b売上原価US$2.70b売上総利益US$3.40bその他の費用US$3.81b収益-US$409.85m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-0.25グロス・マージン55.79%純利益率-6.72%有利子負債／自己資本比率169.6%SNAP の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 12:28終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Snap Inc. 40 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。70 アナリスト機関Richard KramerArete Research Services LLPRocco StraussArete Research Services LLPJames KelleherArgus Research Company67 その他のアナリストを表示
ライブニュース • May 18Snap Tops Q1 Expectations with 12% Revenue Growth and Cost Cuts While Settling Major LawsuitSnap reported Q1 2026 revenue growth of 12% year over year, with adjusted EBITDA more than doubling to US$233 million and earnings of US$0.10 per share versus expectations of US$0.09. Daily Active Users increased 5%, supported by stronger international performance, particularly in Europe, and contributions from small and medium business advertisers plus subscription products such as Snapchat+ and Lens+. Snap, alongside YouTube and TikTok, reached an undisclosed settlement in a high-profile school district lawsuit over social media addiction, while Meta remains the only major platform yet to settle similar claims. The company outlined a plan to cut over US$500 million in annual costs in the second half of 2026, while also highlighting augmented reality efforts such as Specs glasses, even as it remains unprofitable and guides to flat revenue for Q2. Taken together, the earnings beat, user growth and cost-cut plan show management is focused on improving profitability, but flat Q2 revenue expectations and ongoing competition from larger rivals keep the business under pressure. The legal settlement helps reduce one source of uncertainty, yet broader regulatory and litigation risks around youth safety and platform design remain an important factor to watch.
Seeking Alpha • May 17Snap: Cost Cuts Won't Help If Developed Markets Users LeaveSummary Snap remains a sell as North American user declines threaten long-term shareholder value despite recent cost-cutting and profitability focus. SNAP's user base is shifting toward lower-ARPU regions, undermining monetization gains and limiting the upside from improved ad formats and cost discipline. At a 7.4x EV/FY26 adjusted EBITDA multiple, SNAP's valuation is not compelling given persistent user churn and risk of dis-economies of scale. Cost savings and EBITDA margin expansion are outweighed by structural user growth concerns; I recommend avoiding SNAP in favor of stronger platforms. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • May 14Co-Founder notifies of intention to sell stockRobert Murphy intends to sell 2m shares in the next 90 days after lodging an Intent To Sell Form on the 13th of May. If the sale is conducted around the recent share price of US$5.38, it would amount to US$11m. Since September 2025, Robert's direct individual holding has decreased from 177.02m shares to 173.13m. Company insiders have collectively sold US$22m more than they bought, via options and on-market transactions in the last 12 months.
Major Estimate Revision • May 14Consensus EPS estimates upgraded to US$0.10 lossThe consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -US$0.149 to -US$0.101 per share. Revenue forecast steady at US$6.69b. Interactive Media and Services industry in the US expected to see average net income growth of 19% next year. Consensus price target down from US$7.91 to US$7.64. Share price fell 8.2% to US$5.61 over the past week.
分析記事 • May 11Snap Inc. (NYSE:SNAP) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This YearLast week saw the newest quarterly earnings release from Snap Inc. ( NYSE:SNAP ), an important milestone in the...
Breakeven Date Change • May 08Forecast breakeven date moved forward to 2027The 40 analysts covering Snap previously expected the company to break even in 2028. New consensus forecast suggests losses will reduce by 68% to 2026. The company is expected to make a profit of US$96.5m in 2027. Average annual earnings growth of 66% is required to achieve expected profit on schedule.
ライブニュース • May 18Snap Tops Q1 Expectations with 12% Revenue Growth and Cost Cuts While Settling Major LawsuitSnap reported Q1 2026 revenue growth of 12% year over year, with adjusted EBITDA more than doubling to US$233 million and earnings of US$0.10 per share versus expectations of US$0.09. Daily Active Users increased 5%, supported by stronger international performance, particularly in Europe, and contributions from small and medium business advertisers plus subscription products such as Snapchat+ and Lens+. Snap, alongside YouTube and TikTok, reached an undisclosed settlement in a high-profile school district lawsuit over social media addiction, while Meta remains the only major platform yet to settle similar claims. The company outlined a plan to cut over US$500 million in annual costs in the second half of 2026, while also highlighting augmented reality efforts such as Specs glasses, even as it remains unprofitable and guides to flat revenue for Q2. Taken together, the earnings beat, user growth and cost-cut plan show management is focused on improving profitability, but flat Q2 revenue expectations and ongoing competition from larger rivals keep the business under pressure. The legal settlement helps reduce one source of uncertainty, yet broader regulatory and litigation risks around youth safety and platform design remain an important factor to watch.
Seeking Alpha • May 17Snap: Cost Cuts Won't Help If Developed Markets Users LeaveSummary Snap remains a sell as North American user declines threaten long-term shareholder value despite recent cost-cutting and profitability focus. SNAP's user base is shifting toward lower-ARPU regions, undermining monetization gains and limiting the upside from improved ad formats and cost discipline. At a 7.4x EV/FY26 adjusted EBITDA multiple, SNAP's valuation is not compelling given persistent user churn and risk of dis-economies of scale. Cost savings and EBITDA margin expansion are outweighed by structural user growth concerns; I recommend avoiding SNAP in favor of stronger platforms. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • May 14Co-Founder notifies of intention to sell stockRobert Murphy intends to sell 2m shares in the next 90 days after lodging an Intent To Sell Form on the 13th of May. If the sale is conducted around the recent share price of US$5.38, it would amount to US$11m. Since September 2025, Robert's direct individual holding has decreased from 177.02m shares to 173.13m. Company insiders have collectively sold US$22m more than they bought, via options and on-market transactions in the last 12 months.
Major Estimate Revision • May 14Consensus EPS estimates upgraded to US$0.10 lossThe consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -US$0.149 to -US$0.101 per share. Revenue forecast steady at US$6.69b. Interactive Media and Services industry in the US expected to see average net income growth of 19% next year. Consensus price target down from US$7.91 to US$7.64. Share price fell 8.2% to US$5.61 over the past week.
分析記事 • May 11Snap Inc. (NYSE:SNAP) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This YearLast week saw the newest quarterly earnings release from Snap Inc. ( NYSE:SNAP ), an important milestone in the...
Breakeven Date Change • May 08Forecast breakeven date moved forward to 2027The 40 analysts covering Snap previously expected the company to break even in 2028. New consensus forecast suggests losses will reduce by 68% to 2026. The company is expected to make a profit of US$96.5m in 2027. Average annual earnings growth of 66% is required to achieve expected profit on schedule.
ナラティブの更新 • May 05SNAP: Core Business And Perplexity Upside Will Support Future RepricingSnap's analyst price target has been adjusted modestly higher to reflect slightly stronger assumptions for revenue growth, improving profit margins, a lower discount rate, and a somewhat lower future P/E multiple, with recent Street research showing a mix of target raises and trims as analysts reassess the impact of product momentum and the evolving Perplexity partnership outlook. Analyst Commentary Recent Street research on Snap shows a split view, with several firms trimming price targets while others highlight upside tied to product execution and the evolving Perplexity partnership.
Major Estimate Revision • Apr 27Consensus EPS estimates upgraded to US$0.15 lossThe consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -US$0.169 to -US$0.151 per share. Revenue forecast steady at US$6.69b. Interactive Media and Services industry in the US expected to see average net income growth of 30% next year. Consensus price target down from US$8.08 to US$7.91. Share price was steady at US$6.06 over the past week.
お知らせ • Apr 22+ 1 more updateRandian Capital Publishes an Open Letter to Snap’s BoardOn April 22, 2026, Randian Capital LLC announced that it has published an open letter to Snap Inc.’s Board of Directors calling for a strategic review of Snap subsidiary Specs Inc., a review of the current Board composition, a review of Company’s potential index inclusion, and an independent review of President Trump’s Snapchat account. In addition, Randian Capital urged the Company Board to consider a value-creating transaction involving the sale of Specs Inc. to Spiegel for a contingent value right tied to Specs’ future revenues, with public shareholders benefiting from prospects and Company no longer penalized for ongoing investment. Further, Randian Capital encourages the Company to fund Specs with a final investment of $250mm-$500mm, ensure future financing is privately sourced, and subject any transaction to approval by a fully independent special committee of the Board, supported by independent legal and financial advisors, and conditioned on a fairness opinion. Furthermore, Randian Capital recommends refreshing the Board’s membership to add directors with proven operating experience in artificial intelligence and advertising monetization at scale and urges a review of mechanisms for Company’s inclusion in major indices and a potential move to Nasdaq. Randian Capital in its letter calls for an independent review of the decision to ban President Trump on Snapchat, considering implications for user growth, engagement, and advertiser demand, and encourages Evan Spiegel to address these items on the upcoming earnings call, emphasizing that swift attention to these matters will help maximize the long-term value of Snap.
ナラティブの更新 • Apr 21SNAP: Perplexity Revenue Uncertainty Will Pressure Future Earnings MultipleSnap's revised analyst price target moves to $4.00 from $7.00 as analysts factor in a higher discount rate, more cautious assumptions for revenue growth and profit margins, and a lower future P/E multiple despite recent mixed target revisions across the Street. Analyst Commentary Recent Street research on Snap has leaned cautious, even as some firms have issued modest price target increases or upgrades.
Major Estimate Revision • Apr 16Consensus EPS estimates upgraded to US$0.17 lossThe consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -US$0.199 to -US$0.166 per share. Revenue forecast steady at US$6.71b. Interactive Media and Services industry in the US expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at US$7.94. Share price rose 22% to US$6.02 over the past week.
Breakeven Date Change • Apr 15Forecast to breakeven in 2028The 40 analysts covering Snap expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 31% per year to 2027. The company is expected to make a profit of US$93.3m in 2028. Average annual earnings growth of 61% is required to achieve expected profit on schedule.
Recent Insider Transactions Derivative • Apr 12Co-Founder notifies of intention to sell stockEvan Spiegel intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 8th of April. If the sale is conducted around the recent share price of US$4.98, it would amount to US$5.0m. Almost all of their compensation in the past year has been non-cash. These sales could comprise a meaningful part of their income for the year. Since September 2025, Evan's direct individual holding has decreased from 162.92m shares to 158.06m. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.
ナラティブの更新 • Apr 06SNAP: GenAI Ad Execution And Perplexity Revenue Will Offset Legal HeadwindsThe analyst price target on Snap is trimmed by $0.14 as analysts factor in a slightly higher discount rate, marginally softer revenue growth assumptions, modestly better profit margins, and a lower future P/E multiple, with recent research highlighting mixed views on ad market share, the Perplexity revenue opportunity, and the near term trading setup. Analyst Commentary Recent research on Snap reflects a divided view, with some firms seeing a constructive trading setup and others emphasizing execution risks and competitive pressures in digital advertising.
お知らせ • Apr 03Randian Capital Sends Open Letter to Snap’s BoardOn April 1, 2026, Randian Capital, announced that it has sent an open letter to Snap Inc.’s Board and management, calling for change and inviting shareholders to an investor town hall on April 6, 2026. In addition, Randian highlights concern about Company’s capital allocation, including $1 billion annually on stock-based compensation and $1.6 billion on research and development, as well as a $3 billion investment in Spectacles. Further, Randian urges the Company Board to spin off Spectacles, review cost structure, leverage AI for efficiency, collapse the dual class share structure, commit to total shareholder return, hold an investor day, and appoint 2 new independent directors. Furthermore, Randian Capital criticizes Company’s governance structure and stock performance, noting an over 80% decline since the IPO, and encourages retail shareholders to engage with management and the Board.
お知らせ • Apr 01Irenic Capital Sends Letter to SnapOn March 31, 2026, Irenic Capital Management, LP, announced that it has sent a public letter to Snap Inc.’s Co-Founder and CEO Evan Spiegel, detailing a path to realizing $26.37 per share and issued a presentation. In addition, Irenic Capital outlined recommendations including fully monetizing the AI opportunity, improving cost structure, increasing capital returns to shareholders, and enhancing corporate governance, believing Snap could be worth at least $26.37 per share or $35 billion following value-enhancing steps. Further, Irenic Capital highlighted Company’s underperformance since its IPO, compared to Meta and the Nasdaq, and emphasized the need for meaningful changes such as spinning or shutting down Specs, rationalizing the cost structure, aligning employee incentives, focusing on AI to improve ad monetization, monetizing latent AI opportunities, taking advantage of discounted valuation, and improving corporate governance by giving Class A shareholders 1 vote per share. Furthermore, Irenic Capital encouraged shareholders to visit SaveSnapNow.com to view and download the presentation and asserted that the Company should not continue its current course, urging action to unlock value for shareholders.
お知らせ • Mar 25Anapol Weiss Files Lawsuit Against Roblox Corporation, Discord Inc., and Snap Inc. Alleging Platforms Enabled Sexual Exploitation of MinorAnapol Weiss had filed a federal lawsuit against Roblox Corporation, Discord Inc., and Snap Inc. The plaintiff, a now 15 year old from North Carolina, was targeted across multiple platforms due to design features that allowed adults to identify and contact her. The complaint contends that design features across all three platforms created openings that allowed predators to identify and exploit a minor. According to the publicly filed complaint, the child was first approached on Roblox by an adult predator who used the platform’s communication tools to gain access to her. He then coerced her into sending sexually explicit images of herself on Discord. The complaint further describes how a second predator located her on Snapchat, where he ultimately drugged and sexually assaulted her multiple times. The complaint states that the abuse was a direct consequence of design choices that allowed adults to easily identify, contact, and manipulate children across multiple platforms. The companies publicly promoted their platforms as safe for young users while declining to implement basic, widely available protections. Instead, the complaint asserts, each platform incorporated features that enabled adult–minor contact and prioritized user growth and engagement over the safety of children. A common pattern is highlighted across the platforms: permissive communication tools, ineffective age-verification, and features that connect minors with unknown adults. Internal concerns about safety, the complaint claims, were overshadowed by business considerations, including the potential impact of stronger protections on user engagement and growth. The complaint describes profound and lasting harm to the minor, including severe psychological trauma, and the need for ongoing medical and therapeutic care. This lawsuit is part of a broader effort by Anapol Weiss, which has filed 22 cases against these companies and serves in a leadership role in the centralized federal litigation—now comprising well over 100 filed cases—alleging that Roblox, Discord, and Snap enabled sexual exploitation of children through dangerous platform designs. Anapol Weiss has been at the forefront of litigation involving online child exploitation and represents individuals and families nationwide in cases involving corporate negligence and product safety. The firm was among the first in the nation to bring claims against major gaming platforms related to child safety and continues to play a leading role in these cases.
ナラティブの更新 • Mar 23SNAP: High Margin Perplexity Revenue Will Drive Future Upside RepricingAnalysts have trimmed their average price target on Snap to $6.50 from $9.50, reflecting ongoing questions about the timing of high margin Perplexity related revenue and Snap's position relative to larger digital ad platforms. Analyst Commentary Recent research on Snap reflects a mix of caution and selective optimism, with price target resets clustering around the new US$6.50 average and a few upgrades signaling some confidence in execution and risk reward at current levels.
Recent Insider Transactions • Mar 19Chief Financial Officer recently sold US$427k worth of stockOn the 16th of March, Derek Andersen sold around 93k shares on-market at roughly US$4.59 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$633k. Derek has been a net seller over the last 12 months, reducing personal holdings by US$3.0m.
Recent Insider Transactions Derivative • Mar 17Chief Financial Officer notifies of intention to sell stockDerek Andersen intends to sell 93k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of March. If the sale is conducted around the recent share price of US$4.59, it would amount to US$427k. Since March 2025, Derek's direct individual holding has increased from 3.51m shares to 3.89m. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.
Breakeven Date Change • Mar 17No longer forecast to breakevenThe 40 analysts covering Snap no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$1.45m in 2028. New consensus forecast suggests the company will make a loss of US$4.44m in 2028.
ナラティブの更新 • Mar 09SNAP: High Margin Perplexity Partnership And Buybacks Will Drive Future ReturnsThe analyst price target for Snap has moved lower by about $1 to reflect updated views on slightly softer revenue growth, a higher discount rate, and a meaningfully lower future P/E assumption, partially offset by improved profit margin expectations and ongoing debate around the timing and impact of high margin Perplexity related revenue. Analyst Commentary Recent Street research around Snap has been active, with several firms revisiting their models, ratings, and price targets.
Recent Insider Transactions Derivative • Feb 27General Counsel notifies of intention to sell stockZachary Briers intends to sell 69k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of February. If the sale is conducted around the recent share price of US$4.73, it would amount to US$325k. Zachary now holds 45.74k shares directly in their own name. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Feb 27Chief Accounting Officer & Controller recently sold US$93k worth of stockOn the 19th of February, Rebecca Morrow sold around 20k shares on-market at roughly US$4.72 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$10m. Insiders have been net sellers, collectively disposing of US$21m more than they bought in the last 12 months.
ナラティブの更新 • Feb 22SNAP: GenAI Ad Execution Will Offset Regulatory And Competitive HeadwindsAnalysts have trimmed their average price target on Snap, with our fair value estimate moving from $8.38 to $8.07 as they factor in slightly higher discount rates, modestly adjusted revenue growth expectations, lower projected profit margins and a higher future P/E multiple. Analyst Commentary Recent Street research on Snap shows a mix of optimism and caution, with several firms adjusting price targets and ratings in quick succession.
Recent Insider Transactions • Feb 20Chief Business Officer recently sold US$561k worth of stockOn the 17th of February, Ajit Mohan sold around 119k shares on-market at roughly US$4.70 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$10m. Insiders have been net sellers, collectively disposing of US$21m more than they bought in the last 12 months.
ナラティブの更新 • Feb 08SNAP: AI And Ad Platform Execution Will Support Future UpsideAnalysts have trimmed their fair value estimate for Snap from about $9.78 to $8.38. This reflects a mix of slightly higher discount rate assumptions, modestly updated growth and margin inputs, and a move toward lower future P/E multiples in line with the recent wave of reduced price targets, punctuated by only a few upgrades.
Breakeven Date Change • Feb 08No longer forecast to breakevenThe 40 analysts covering Snap no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$20.3m in 2028. New consensus forecast suggests the company will make a loss of US$900.8k in 2028.
New Risk • Feb 08New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$460m Forecast net loss in 3 years: US$901k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$901k net loss in 3 years). Significant insider selling over the past 3 months (US$13m sold).
Recent Insider Transactions Derivative • Feb 07Co-Founder notifies of intention to sell stockRobert Murphy intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 6th of February. If the sale is conducted around the recent share price of US$5.21, it would amount to US$5.2m. Since March 2025, Robert's direct individual holding has decreased from 179.63m shares to 175.73m. Company insiders have collectively sold US$22m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Feb 05Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: US$0.27 loss per share (improved from US$0.42 loss in FY 2024). Revenue: US$5.93b (up 11% from FY 2024). Net loss: US$460.5m (loss narrowed 34% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Interactive Media and Services industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
分析記事 • Feb 05Some Confidence Is Lacking In Snap Inc. (NYSE:SNAP) As Shares Slide 28%Snap Inc. ( NYSE:SNAP ) shareholders that were waiting for something to happen have been dealt a blow with a 28% share...
お知らせ • Feb 05Snap Inc. (NYSE:SNAP) announces an Equity Buyback for $500 million worth of its shares.Snap Inc. (NYSE:SNAP) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its Class A common stock. The purpose of the program is to utilize the company’s strong balance sheet to opportunistically offset a portion of the dilution related to the issuance of restricted stock units to employees as part of the overall compensation program designed to foster an ownership culture. The repurchases under the program will be funded from existing cash and cash equivalents. The program will be valid for a period of 12 months.
ナラティブの更新 • Jan 24SNAP: Higher Margin AI And New Revenue Streams Will Support Future UpsideAnalysts have nudged their Snap price targets slightly lower, trimming fair value by about $0.09 as they factor in modestly softer revenue growth assumptions, a slightly higher discount rate and a lower future P/E multiple. These effects are partly offset by firmer profit margin expectations supported by newer, higher margin revenue streams like the Perplexity partnership and generally solid recent quarters.
ナラティブの更新 • Jan 10SNAP: Higher Margin Partnerships And Buyback Plan Will Support Future ProfitabilityAnalyst price targets on Snap have moved modestly higher, with several firms lifting ranges to about US$8.60 to US$11 as they factor in Q3 results that were generally solid, stronger AEBITDA, and potential future margin benefits from newer revenue streams such as the Perplexity partnership. Analyst Commentary Street research on Snap is mixed, but the most recent commentary has tilted a bit more constructive as analysts react to Q3 results, updated Q4 guidance, and the early read on new partnerships such as Perplexity.
Breakeven Date Change • Dec 31Forecast to breakeven in 2028The 40 analysts covering Snap expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$31.7m in 2028. Average annual earnings growth of 54% is required to achieve expected profit on schedule.
ナラティブの更新 • Dec 26SNAP: Higher Margin Partnerships Will Drive Stronger Profitability OutlookAnalysts have modestly raised their fair value estimate for Snap, lifting the implied price target by about $0.70 to approximately $13.66. They are factoring in improving revenue growth, margin expansion from higher margin partnerships like Perplexity, and a more normalized future earnings multiple following generally solid Q3 results and stable Q4 guidance.
Recent Insider Transactions • Dec 23Chief Financial Officer recently sold US$249k worth of stockOn the 16th of December, Derek Andersen sold around 35k shares on-market at roughly US$7.21 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$10m. Derek has been a net seller over the last 12 months, reducing personal holdings by US$3.2m.
ナラティブの更新 • Dec 12SNAP: Higher Margin AI Partnerships Will Drive Profitability Upside Over The Next YearsAnalysts have modestly raised their price target on Snap, reflecting a slight uptick in fair value alongside improving revenue growth, profit margin expectations, and a lower discount rate. This shift is supported by broadly solid Q3 results, stronger than expected AEBITDA, and new higher margin revenue streams that have driven several recent target increases to the high single digit and low double digit dollar range.
Recent Insider Transactions • Dec 11Co-Founder recently sold US$10m worth of stockOn the 8th of December, Evan Spiegel sold around 1m shares on-market at roughly US$8.01 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Evan's only on-market trade for the last 12 months.
Recent Insider Transactions Derivative • Dec 10Co-Founder notifies of intention to sell stockEvan Spiegel intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 8th of December. If the sale is conducted around the recent share price of US$7.95, it would amount to US$10m. Almost all of their compensation in the past year has been non-cash. These sales could comprise a meaningful part of their income for the year. Since December 2024, Evan's direct individual holding has decreased from 168.61m shares to 162.92m. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Dec 09Snap Inc. Appoints Matthew McRae as Director to Board of Directors,Effective December 4, 2025On December 4, 2025, Snap Inc. approved an increase to the size of the board from eleven to twelve members and appointed Matthew McRae to fill the newly created vacancy,effective December 4, 2025. Mr. McRae will serve until the earlier of (a) the next annual meeting of our stockholders, (b) the effectiveness of the next action by written consent of stockholders in lieu of an annual meeting, and (c) his death, resignation, or removal. Mr. McRae has not been appointed to serve on any committees of the board of directors. Mr. McRae, age 51, has served as Chief Executive Officer and a member of the board of directors of Arlo Technologies Inc. since August 2018. He previously was NETGEAR’s Senior Vice President of Strategy, and prior to that served as Chief Technology Officer of Vizio Inc. for over 7 years. Mr. McRae previously served as Vice President of Marketing and Business Development of Fabrik (now part of HGST Inc.), and before that was Senior Director, Worldwide Business Development at Cisco Systems Inc. Mr. McRae currently serves on the board of directors for Origin Wireless, and was previously on the board of directors of Violux Inc., Dedicated Hosting Services Inc., and the Leatherby Center for Entrepreneurship and Business Ethics at the Business School of Chapman University. Mr. McRae holds a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania and a Bachelor of Science in Computer Engineering from the University of Pennsylvania. There are no family relationships between Mr. McRae and any of our directors or executive officers, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Further, there is no arrangement or understanding between Mr. McRae and any other persons or entities pursuant to which Mr. McRae was appointed as a director.
ナラティブの更新 • Nov 28SNAP: Higher Margin Revenue Streams Will Drive Margin Expansion Over The Next Two YearsThe analyst price target for Snap has been raised modestly, as analysts cite solid quarterly results and expectations for higher-margin revenue streams in the coming years. Analyst Commentary Recent updates from the Street indicate a nuanced outlook for Snap.
Recent Insider Transactions • Nov 20Insider recently sold US$912k worth of stockOn the 17th of November, Ajit Mohan sold around 109k shares on-market at roughly US$8.34 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$13m more than they bought in the last 12 months.
Price Target Changed • Nov 19Price target increased by 7.0% to US$9.88Up from US$9.23, the current price target is an average from 36 analysts. New target price is 20% above last closing price of US$8.25. Stock is down 22% over the past year. The company is forecast to post a net loss per share of US$0.34 next year compared to a net loss per share of US$0.42 last year.
Major Estimate Revision • Nov 13Consensus EPS estimates upgraded to US$0.33 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$0.413 to -US$0.333 per share. Revenue forecast steady at US$5.91b. Interactive Media and Services industry in the US expected to see average net income growth of 31% next year. Consensus price target up from US$9.23 to US$9.82. Share price rose 25% to US$9.09 over the past week.
Recent Insider Transactions Derivative • Nov 09Co-Founder notifies of intention to sell stockRobert Murphy intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 7th of November. If the sale is conducted around the recent share price of US$7.94, it would amount to US$7.9m. Since December 2024, Robert's direct individual holding has decreased from 180.98m shares to 177.02m. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months.
ナラティブの更新 • Nov 07SNAP: Future Margin Gains Will Likely Emerge From New Revenue StreamsAnalysts have slightly raised their fair value estimate for Snap, increasing the price target from approximately $9.28 to $9.60. Recent Street research highlights stronger than expected profit margins and the potential for future margin accretion from new revenue streams, despite continued market competition.
Reported Earnings • Nov 06Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: US$0.061 loss per share (improved from US$0.092 loss in 3Q 2024). Revenue: US$1.51b (up 9.8% from 3Q 2024). Net loss: US$103.5m (loss narrowed 32% from 3Q 2024). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 51%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Interactive Media and Services industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • Nov 06Snap Inc. (NYSE:SNAP) announces an Equity Buyback for $500 million worth of its shares.Snap Inc. (NYSE:SNAP) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its Class A common stock. The purpose of the program is to utilize the company’s strong balance sheet to opportunistically offset a portion of the dilution related to the issuance of restricted stock units to employees as part of the overall compensation program designed to foster an ownership culture. The repurchases under the program will be funded from existing cash and cash equivalents. The program will be valid for a period of 12 months.
お知らせ • Oct 03Snap Inc. and Samba TV Study Demonstrate Impactful Entertainment Outcomes Across Streaming and Theatrical ReleasesSnap Inc. and Samba TV released compelling study results demonstrating Snapchat Advertising's ability to drive measurable outcomes at scale. Amid a thriving box office and a theatrical industry slated for continued growth, entertainment marketers are navigating an environment where accountability and proven ROI are paramount, Samba TV's study shows how Snapchat delivers consistent results across streaming, linear, and theatrical campaigns, moving audiences from discovery to action. The study, analyzing 29 media and entertainment campaigns, found that Snapchat ads delivered both upper- and lower-funnel impact, from boosting viewership to sustaining ticket sales long after opening weekend. The findings arrive at a moment when marketers are rethinking media plans to capitalize on the box office resurgence and balance awareness with conversion. Snapchat's proven ability to influence outcomes across the entertainment funnel, paired with Samba TV's independent first-party dataset and identity graph gives advertisers a unified view of campaign performance across the entire consumer journey. In 12 campaigns focused on promoting new movie releases in a booming theatrical market, Snapchat drove an average 79% incremental lift in ticket sale conversions, proving a positive investment for entertainment marketers. The study identified Snapchat's Commercials and Story Ads performed strongest, driving 5x and 3x lift respectively. Among light TV viewers, a segment of viewers that watch low levels of traditional television who are increasingly challenging to reach, Snapchat achieved an average 99% lift in ticket sales. Samba TV's study also demonstrated that Snapchat's ad campaigns had staying power long after the exposure with continued incremental ticket sales more than 30 days after release, further underscoring Snapchat's role in sustaining momentum when maximizing returns in a strong box office environment matters most. Across 17 campaigns promoting streaming and linear programming, Samba TV reported that Snapchat delivered an average 32% lift in viewership, with standout performance from formats including Lenses, Story Ads, and Reminder Ads. Every campaign in the study achieved statistically significant outcomes, proving that entertainment advertisers can rely on Snapchat to cut through crowded launch windows and fragmented media consumption habits. With more than 75% of 13- to 34-year-olds in more than 25 countries, Snapchat is a critical channel for entertainment marketers looking to reach audiences where they spend their time. To understand whether campaigns are driving impact, advertisers need access to comprehensive, full-funnel insights. Samba TV's first-party dataset spans TV, digital, and social channels, enabling brands and agencies to measure performance based on real-world business outcomes from box office sales to brand lift, retail visitation, and digital conversions.
お知らせ • Sep 05Michael O’Sullivan to Leave as General Counsel and Secretary of Snap Inc. on December 31, 2025Snap Inc. announced that on September 3, 2025, Michael O’Sullivan, General Counsel and Secretary, notified the company that he will be leaving on December 31, 2025. Mr. O’Sullivan has confirmed that his decision is not related to any disagreement with the company on any matter relating to accounting, strategy, management, operations, policies, or practices (financial or otherwise).
ナラティブの更新 • Aug 27Augmented Reality And Mobile Adoption Will Shape Future Digital MarketsAnalysts modestly lowered Snap’s price target to $9.28, reflecting revenue and EBITDA misses from Q2 amid mixed ad market dynamics and competitive pressures, partially offset by strong user growth and optimism around a more favorable macro backdrop. Analyst Commentary Mixed Q2 results reflected revenue and EBITDA misses, partly due to new ad campaign pricing mechanisms, though user growth in Spotlight remains strong at 23% y/y.
お知らせ • Aug 22Holzer & Holzer, Llc Announces Lawsuit Filed Against Snap IncA shareholder class action lawsuit has been filed against Snap Inc. The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information regarding the true state of Snap’s advertising revenue growth rate. The deadline to ask the court to be appointed lead plaintiff in the case is October 20, 2025. Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, and 2023, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct.
Recent Insider Transactions • Aug 21Insider recently sold US$1.3m worth of stockOn the 18th of August, Ajit Mohan sold around 184k shares on-market at roughly US$7.18 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$13m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Aug 08Co-Founder notifies of intention to sell stockRobert Murphy intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 7th of August. If the sale is conducted around the recent share price of US$7.74, it would amount to US$7.7m. Since December 2024, Robert's direct individual holding has decreased from 180.98m shares to 178.33m. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Aug 06Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: US$0.16 loss per share (further deteriorated from US$0.15 loss in 2Q 2024). Revenue: US$1.34b (up 8.7% from 2Q 2024). Net loss: US$262.6m (loss widened 5.6% from 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
分析記事 • Jul 23Snap Inc.'s (NYSE:SNAP) 29% Share Price Surge Not Quite Adding UpSnap Inc. ( NYSE:SNAP ) shareholders have had their patience rewarded with a 29% share price jump in the last month...
お知らせ • Jul 12Snap Inc., Annual General Meeting, Aug 01, 2025Snap Inc., Annual General Meeting, Aug 01, 2025.
お知らせ • Jul 11Snap Inc. to Report Q2, 2025 Results on Aug 05, 2025Snap Inc. announced that they will report Q2, 2025 results on Aug 05, 2025
新しいナラティブ • Jul 06International User Momentum And AR Investments Will Unlock Potential Rapid international user and advertiser growth is positioning Snap for sustained revenue expansion and improved margins as digital ad spending rises globally.
New Risk • Jul 01New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$532m Forecast net loss in 3 years: US$6.5m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$6.5m net loss in 3 years). Significant insider selling over the past 3 months (US$2.8m sold).
お知らせ • Jun 21Snap Inc. (NYSE:SNAP) acquired Saturn Technologies Inc.Snap Inc. (NYSE:SNAP) acquired Saturn Technologies Inc. on June 20, 2025. Snap says almost the entire Saturn team is joining Snap as part of the acquisition, with just under 30 full-time employees coming on board. Snap Inc. (NYSE:SNAP) completed the acquisition of Saturn Technologies Inc. on June 20, 2025.
お知らせ • Jun 11Snap to Launch New Lightweight, Immersive Specs in 2026Snap Inc. announced at the Augmented World Expo 2025 that it is launching lightweight, immersive Specs in 2026. Specs are an ultra- powerful wearable computer integrated into a lightweight pair of glasses, featuring see-through Lenses that enhance the physical world with digital experiences. Snap's all-new Specs are uniquely positioned to understand the world through advanced machine learning, bring AI assistance into three-dimensional space, enable shared games and experiences with friends, and provide a flexible and powerful workstation for browsing, streaming, and more. People use AR Lenses in the Snapchat camera 8 billion times per day, and over 400,000 developers have built more than 4 million Lenses with Snap's AR tools. Snap released its fifth generation of Spectacles for developers in 2024, paving the way for the public launch of Specs in 2026. Developers all over the world are already building new experiences, including: Super Travel from Gowaaa helps global travelers translate signs, menus, and receipts and convert currencies. Drum Kit from Paradiddle teaches new drummers how to play by overlaying cues on a real drum set and listening to the notes. Pool Assist from Studio ANRK helps players make better shots in pool. Cookmate from Headraft finds recipes based on available ingredients and provides step-by-step cooking guidance in the kitchen. Wisp World from Liquid City brings on whimsical adventures to playfully explore the world around you. The company also announced major updates to Snap OS, building on feedback and suggestions from its developer community: Deep Integrations with OpenAI and Gemini on Google Cloud: The company now enable developers to build multimodal AI-powered Lenses and publish them for the Spectacles community. For example, developers are using AI to provide text translation and currency conversion (Super Travel), suggest recipes (Cookmate), and bring on whimsical adventures (Wisp World) based on what see, say, or hear while wearing Spectacles. The company offer camera access designed with privacy in mind through proprietary Remote Service Gateway. Depth Module API: Translates 2D information from large language models in order to anchor AR information accurately in three dimensions, unlocking a new paradigm for spatial intelligence. Automated Speech Recognition API: Enables real-time transcription with support for 40+ languages including non-native accents with high accuracy. Snap3D API: lets developers generate 3D objects on the fly inside Lenses. Snap is also launching new tools specifically for developers building location-based experiences, making it easier to bring monuments, museums, and more to life: Fleet Management app: Enables developers to remotely monitor and manage multiple pairs of Specs. Guided Mode: Developers can configure Specs to launch directly into a single-player or multiplayer Lens quickly for a seamless visitor experience. Guided Navigation: This feature makes it easy to build AR-guided tours that direct people through a series of landmarks at events or museums. These tools support developers like Enklu, which operates holographic theater Verse Immersive in more than a dozen locations across the US. Now, Verse Immersive customers in Chicago can use Spectacles to play their new game SightCraft with friends, and it will roll out in more locations this year. And coming soon: Niantic Spatial VPS: company partnering with Niantic Spatial to bring their Visual Positioning System to Lens Studio and Specs to build a shared, AI-powered map of the world. WebXR Supportin the browser: Will enable developers to build, test, and access WebXR experiences.
Recent Insider Transactions Derivative • Jun 04General Counsel & Secretary notifies of intention to sell stockMichael O'Sullivan intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of May. If the sale is conducted around the recent share price of US$8.25, it would amount to US$198k. Since June 2024, Michael's direct individual holding has decreased from 611.19k shares to 545.79k. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • May 20Senior Vice President of Engineering recently sold US$1.0m worth of stockOn the 16th of May, Eric Young sold around 118k shares on-market at roughly US$8.59 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$13m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • May 16Chief Financial Officer notifies of intention to sell stockDerek Andersen intends to sell 209k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of May. If the sale is conducted around the recent share price of US$9.03, it would amount to US$1.9m. Since June 2024, Derek's direct individual holding has increased from 2.39m shares to 3.51m. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions Derivative • May 05Co-Founder notifies of intention to sell stockRobert Murphy intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 1st of May. If the sale is conducted around the recent share price of US$7.97, it would amount to US$8.0m. Since September 2024, Robert's direct individual holding has decreased from 182.32m shares to 179.63m. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Apr 30First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: US$0.082 loss per share (improved from US$0.18 loss in 1Q 2024). Revenue: US$1.36b (up 14% from 1Q 2024). Net loss: US$139.6m (loss narrowed 54% from 1Q 2024). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings.
Breakeven Date Change • Apr 30No longer forecast to breakevenThe 40 analysts covering Snap no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$98.4m in 2027. New consensus forecast suggests the company will make a loss of US$56.7m in 2027.
Seeking Alpha • Apr 30Snap: Buy The Dip - There Is Considerable Upside PotentialSummary Snap Inc. presents a significant asymmetrical investment opportunity with limited downside risk and substantial upside potential, potentially doubling to $18 within 12 months. Despite past poor performance, Snap's valuation is now exceptionally cheap, trading at around 17 times forward EPS with a PEG ratio of 0.38. Snap's DAUs and profitability are growing, suggesting the market is severely mispricing the stock, offering serious multi-bagger potential. Risks include execution issues, macroeconomic factors, and ad spending slowdowns, but Snap's growth and takeover potential make it a strong buy. Read the full article on Seeking Alpha
Price Target Changed • Apr 23Price target decreased by 7.0% to US$11.46Down from US$12.32, the current price target is an average from 36 analysts. New target price is 44% above last closing price of US$7.98. Stock is down 28% over the past year. The company is forecast to post a net loss per share of US$0.35 next year compared to a net loss per share of US$0.42 last year.
Price Target Changed • Apr 17Price target decreased by 7.2% to US$11.75Down from US$12.65, the current price target is an average from 36 analysts. New target price is 49% above last closing price of US$7.88. Stock is down 32% over the past year. The company is forecast to post a net loss per share of US$0.34 next year compared to a net loss per share of US$0.42 last year.
Price Target Changed • Apr 16Price target decreased by 7.1% to US$11.80Down from US$12.71, the current price target is an average from 36 analysts. New target price is 53% above last closing price of US$7.74. Stock is down 29% over the past year. The company is forecast to post a net loss per share of US$0.34 next year compared to a net loss per share of US$0.42 last year.
Seeking Alpha • Mar 14Snap: Bright Future Or Fading VisionSummary Snap Inc. is undervalued at $9 per share, with a potential 20% upside from my base case price target, making it a buy for risk-tolerant investors. The stock has been range-bound, typically finding support around $8 and resistance around $12, presenting a favorable risk-reward scenario. Key concerns include user retention as the current demographic ages and challenges in monetizing the platform amid stiff competition from giants like META and GOOGL. Management's focus on ad revenue growth, Snapchat+ subscriptions, and innovative features are crucial for long-term profitability and stock price appreciation. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Mar 12Co-Founder notifies of intention to sell stockRobert Murphy intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 11th of March. If the sale is conducted around the recent share price of US$8.98, it would amount to US$9.0m. Since June 2024, Robert's direct individual holding has decreased from 183.67m shares to 180.93m. Company insiders have collectively sold US$15m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Feb 23Senior Vice President of Engineering recently sold US$1.1m worth of stockOn the 18th of February, Eric Young sold around 102k shares on-market at roughly US$10.84 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$15m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Feb 19Senior Vice President of Engineering notifies of intention to sell stockEric Young intends to sell 102k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of February. If the sale is conducted around the recent share price of US$10.84, it would amount to US$1.1m. Since June 2024, Eric's direct individual holding has increased from 522.72k shares to 752.11k. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions Derivative • Feb 07Co-Founder notifies of intention to sell stockEvan Spiegel intends to sell 150k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of February. If the sale is conducted around the recent share price of US$10.42, it would amount to US$1.6m. Almost all of their compensation in the past year has been non-cash. These sales could comprise a meaningful part of their income for the year. Since March 2024, Evan's direct individual holding has decreased from 169.06m shares to 168.76m. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Feb 07Snap Inc. Provides Earnings Guidance for the First Quarter of 2025Snap Inc. provided earnings guidance for the first quarter of 2025. For the quarter, the company expects revenue to be $1,325 billion to $1,360 billion.
Reported Earnings • Feb 05Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: US$0.42 loss per share (improved from US$0.82 loss in FY 2023). Revenue: US$5.36b (up 16% from FY 2023). Net loss: US$697.9m (loss narrowed 47% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings.
Seeking Alpha • Feb 05Snap Q4 Earnings: A Turning Point Or Just A Blip? Tough Call (Upgrade)Summary I remain neutral on Snap Inc. despite its potential to regain traction, as its valuation at 51x forward free cash flow is unappealing. Snap's near-term prospects include innovative developments in augmented reality and personalization, but its young user base and tier-2 status compared to Instagram are concerns. Revenue growth rates are expected to stabilize, with Q1 2025 guidance at 17% y/y, potentially paving the way for 20% topline growth in 2025. While Snap's free cash flow improved significantly in 2024, uncertainties about meaningful topline growth and high valuation keep me cautious about investing. Read the full article on Seeking Alpha
お知らせ • Jan 29Baron & Budd Represents California Counties in Public Nuisance Lawsuits Against Social Media CompaniesBaron & Budd filed public nuisance lawsuits against social media companies Meta, Snap, Google, YouTube, and TikTok. The lawsuits, filed on behalf of the people of the state of California in San Diego, Sacramento, and Del Norte Counties, allege that the defendant social media companies have created a public nuisance and health crisis among minors who have developed compulsive and addictive behaviors due to social media algorithms and user interface design intended to create repetitive uses. According to the lawsuit, the social media companies strategically and intentionally implemented behavioral and neurobiological techniques responsible for addictive behavior in the development of their platforms knowing that children and adolescents are particularly vulnerable to the addictive effects. The extensive complaint cites scientific research, including studies concealed by the defendants, that connect the intentional design of the platforms to the growing youth mental health crisis that is gripping the nation. The complaint alleges resulting effects of the addictive designs of the social media platforms have created extraordinary profits for the companies, but also caused alarming increases in anxiety, depression, and suicide rates for youths. The counties filing the lawsuits assert that the defendants’ conduct has created a public nuisance among the counties’ youth that requires abatement including but not limited to, funding for programs, services, and educational outreach. The lawsuits seek to hold the social media companies accountable for their role in creating or contributing to a public nuisance and enjoin them to stop their harmful actions while also seeking injunctive relief and abatement to fund education and addiction treatment. The cases were filed by the law firms Baron & Budd, Diab Chambers, Wagstaff & Cartmell, Beasley Allen, and Goza & Honnold.
Seeking Alpha • Jan 22SBC-Fueled Cash Flows And Weak Growth Make Snap A Sell Into EarningsSummary Snap presents a story of weak growth dynamics in the US paired with weak cash generation masked using stock-based compensation. The TikTok ban extension and poor North American growth limit Snap's upside potential, with stagnant margins and declining user growth in key markets. Snap's valuation appears egregious, with EV/EBITDA indicating it's the most expensive among peers, suggesting a fair value per share of $4.5-$5. Risks to our thesis include potential growth in mature US markets and untapped revenue potential in emerging markets, though these remain uncertain. Read the full article on Seeking Alpha
Seeking Alpha • Jan 09Snapchat Has Been Left BehindSummary The long time bullish thesis at Snapchat may be falling apart with user and revenue growth both slowing. The company has significantly lower gross and operating margins relative to peers. The stock does trade at a sizable relative discount which helps to offset the inferior metrics. I discuss where I see the stock going from here. Read the full article on Seeking Alpha
お知らせ • Jan 08Snap Inc. Appoints Ankit Goyle as Head of India - MarketingSnap Inc. announced Apple's Ankit Goyle has joined the company as Head of India - Marketing. Prior to this, Ankit Goyle was with Apple as Head of Category Marketing & Demand Generation - iPhone and AirPods. He will be setting up the marketing function and contributing to Snapchat's mission of empowering self-expression and connection. Before joining Snap Inc, Ankit Goyle was with Apple for over 9 years. He last held the position of Head of Category Marketing & Demand Generation - iPhone and AirPods at the company. In his previous stints, Ankit Goyle has worked with Myntra, Aditya Birla Fashion and Retail Ltd, Reid & Taylor among others.
Breakeven Date Change • Dec 31Forecast to breakeven in 2027The 39 analysts covering Snap expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$325.6m in 2027. Average annual earnings growth of 58% is required to achieve expected profit on schedule.
Recent Insider Transactions • Dec 19Chief Financial Officer recently sold US$1.1m worth of stockOn the 16th of December, Derek Andersen sold around 94k shares on-market at roughly US$11.44 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.2m. Derek has been a net seller over the last 12 months, reducing personal holdings by US$4.5m.
Seeking Alpha • Dec 18Tick Tock... The Ban Is Almost Here - Upgrading Snapchat To A BuySummary I'm upgrading Snap stock from sell to buy after a 6% price drop since my sell call and on potential gains from TikTok's U.S. ban, expected January 19th. TikTok's likely U.S. ban could benefit Snapchat significantly, as 70% of Snapchat users also use TikTok, and this could present higher user engagement on the platform. Snapchat is well aware and rolling out an expanded creator monetization program only days after the TikTok (possible) ban. I think this good news has yet to be priced in. I share my positive sentiment on Snapchat here and why I see more upside into 2025. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Dec 17Chief Financial Officer notifies of intention to sell stockDerek Andersen intends to sell 94k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of December. If the sale is conducted around the recent share price of US$11.44, it would amount to US$1.1m. Since December 2023, Derek's direct individual holding has increased from 643.86k shares to 2.29m. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Dec 08Snap: 25 Million Reasons To LoveSummary Snap trades near recent lows despite record revenues and a booming subscription business. The company has innovation in AR and AI, including Spectacles and My AI chat, driving user engagement and revenue growth, yet the market remains skeptical. Snapchat+ subscription service, with 12 million subscribers, could reach $1.5 billion in run rate revenue exiting 2025, significantly boosting Snap's financial outlook. The stock's forward EV/S multiple makes Snap the cheapest stock in the social media space. Read the full article on Seeking Alpha
Seeking Alpha • Dec 01Snap: Time To Sell On Valuation Concerns (Rating Downgrade)Summary Shares of Snap have underperformed the broader market this year, and with poor U.S. user growth, I fear the stock has more to lose. I'm downgrading Snap to a sell. To me, Snap faces potential obsolescence as other social media companies like Reddit and Instagram compete for viewing time. Snap's valuation multiples are onerous (at >30x adjusted EBITDA), making it best to move to the sidelines and lock in any gains. Read the full article on Seeking Alpha
Recent Insider Transactions • Nov 24Senior Vice President of Engineering recently sold US$1.2m worth of stockOn the 18th of November, Eric Young sold around 112k shares on-market at roughly US$10.55 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$12m more than they bought in the last 12 months.
