Snap Inc. Reports Second Quarter 2017 Results

Snap Inc (SNAP) PT Lowered to $15 at Cantor Fitzgerald Following 2Q

August 14, 2017 7:47 AM EDT

Cantor Fitzgerald lowered its price target on Snap Inc (NYSE: SNAP) to $15.00 (from $17.00) while maintaining a Neutral rating following the company's 2Q release. Both DAUs and ARPU came in below consensus expectations, causing revenue and EBITDA to miss by 2.4%/5.3% respectively. Cantor updated 2017 EPS estimates to $(2.60) from $(2.20), and... More

Snap Inc (SNAP) PT Lowered to $12 at UBS Following 2Q Miss

August 11, 2017 8:53 AM EDT

UBS lowered its price target on Snap Inc (NYSE: SNAP) to $12.00 (from $19.00) while maintaining a Neutral rating following the company's 2Q. SNAP reported revenue and adjusted EBITDA missing consensus by $5m and $10m respectively.

UBS cut 3Q revenue estimates to $257m from... More

Snap Inc (SNAP) PT Lowered to $16 at Jefferies; Patient Investors Should Look Through the Noise

August 11, 2017 7:12 AM EDT

Jefferies analyst Brian Fitzgerald lowered his price target on Snap Inc (NYSE: SNAP) to $16.00 (from $30.00) while maintaining a Buy rating after its second straight miss.

While near-term issues weigh on the stock, Fitzgerald believes patient investors should look through the noise at the long term opportunity.

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Snap Inc (SNAP) PT Lowered to $10 at Susquehanna

August 11, 2017 6:18 AM EDT

Susquehanna lowered its price target on Snap Inc (NYSE: SNAP) to $10.00 (from $12.00) while maintaining a Neutral rating following the second straight miss.

Analyst Shyam Patil notes Facebook is making it hard for SNAP. The quarter exhibited further monetization and user growth issues, and... More

Snap (SNAP) CEO Evan Spiegel and CTO Bobby Murphy promise to not sell their shares this year

August 10, 2017 5:43 PM EDT

On the call, Snap (NYSE: SNAP) CEO Evan Spiegel and CTO Bobby Murphy promise to not sell their shares this year

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Snap (SNAP) Misses Q2 EPS by 1c, Sales Light

August 10, 2017 4:11 PM EDT

Snap (NYSE: SNAP) reported Q2 EPS of ($0.16), $0.01 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $181.67 million versus the consensus estimate of $186.22 million.

Daily active users (DAU)(1) DAUs grew from 143 million in Q2 2016 to 173 million in Q2 2017, an increase of 30.5 million... More