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Cramer's Deep Dive Into Snap: A Stabilizing Or Still Broken Stock?
Tuesday, October 31, 2017 - 10:33am | 403By nearly every measurable metric, Snap Inc (NYSE: SNAP)'s initial public offering was a failure. Shares of the social media company peaked at $29.44 on its second day of trading back in March and have steadily fallen to an all-time low of $11.28 in August. The stock closed at $15.68 on Monday and...
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Paul Meeks, Mark Mahaney Talk Snap's Lockup Expiration
Monday, July 31, 2017 - 9:58am | 414Shares of Snap Inc (NYSE: SNAP) were trading lower by around 3 percent early Monday morning ahead of the expiration of its share lockup period, which paves the way for hundreds of millions of shares to be unloaded in the open market for the first time ever. But before jumping to any conclusion as...
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Now Is The Time To Buy Snap, Drexel's Brian White Says
Monday, July 17, 2017 - 11:24am | 337Despite Snap Inc (NYSE: SNAP)'s stock trading near its all-time low of $15.21 on Monday and down nearly 40 percent since its March IPO, now is a good time to buy shares, at least according to Drexel Hamilton's Brian White. The case to buy Snap's stock can be made from a historical...
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As Bad As Snap's Post-IPO Run Is, Facebook's Was Much Worse
Friday, July 14, 2017 - 1:59pm | 381Investors are quick to rightfully point out that Snap Inc (NYSE: SNAP)'s stock performance has a public company has been a bust. With shares trading nearly $2 lower than its initial offering price of $17, many may be tempted to throw in the towel. But before losing complete faith in Snap's stock,...
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Snap's Earnings Report Reinforces Nomura's Bearish Initiation
Thursday, May 11, 2017 - 8:14am | 367Nomura's Anthony DiClemente initiated coverage of Snap Inc (NYSE: SNAP) shortly after its initial public offering with a Reduce rating and a $16 price target. After the social media company reported its first ever earnings report as a public company, the analyst's stance remains unchanged....
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The Sell-Side Sentiment On Snap Ahead Of Its First-Ever Earnings Report
Tuesday, May 9, 2017 - 11:20am | 979Snap Inc (NYSE: SNAP) is scheduled to report its first earnings report as a public company after Wednesday's market close. It doesn't seem like much time has passed since Snap's highly publicized IPO on March 2 when the stock opened for trading at $17 a share, above the marketed $14 to $16 price...
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Snap's Corporate Governance Structure Still Needs To Be Addressed
Wednesday, March 29, 2017 - 2:43pm | 336The conversation surrounding Snap Inc (NYSE: SNAP)'s decision to sell billions of dollars worth of stock with no voting rights attached may have fallen a bit under the radar after the company's IPO. But according to Ken Birch of the Council of Institutional Investors, the topic shouldn'...
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Nasdaq's Head Of Listings Says IPOs So Far Are 'Muted'
Friday, March 17, 2017 - 11:33am | 443Snap Inc (NYSE: SNAP)' is trading at its lowest levels since its initial public offering, which doesn't necessarily bode well for other private companies looking to list their stock on a public exchange. Nelson Griggs, head of listings for the Nasdaq exchange, was a guest on CNBC Friday to...
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Is Snap Wall Street's Most Unloved Stock?
Tuesday, March 7, 2017 - 2:52pm | 398Snap Inc (NYSE: SNAP)'s IPO was an immediate success; the stock gained around 40 percent in its first trading session. The momentum carried over through the end of the week, but after peaking at $29.44, shares were trading as low as $21.30 Tuesday. Wall Street's reaction to the newly issued stock...
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The Bearish First Wave Of Ratings, Price Targets For Snap Post-IPO
Monday, March 6, 2017 - 4:37pm | 643Shares of Snap Inc (NYSE: SNAP) fell more than 5 percent on Monday as the newly issued IPO isn't receiving the same amount of love from Wall Street as it is from investors. Within hours of Snap's initial trading on the New York Stock Exchange, Pivotal Research Group's Brian Wieser was first to...
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Snap's Unproven Monetization Potential Doesn't Deserve To Trade At A Premium To Facebook
Friday, March 3, 2017 - 3:07pm | 491Gene Munster, one of the Street's most respected analysts, left his position to co-found a venture capital firm called Loup Capital. In an open letter to Snap Inc (NYSE: SNAP)'s management team ahead of its initial public offering, Munster implored the company to manage expectations, set an...
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Snap's Unproven Monetization Potential Doesn't Deserve To Trade At A Premium To Facebook
Friday, March 3, 2017 - 2:19pm | 460A mere hours after Snap Inc (NYSE: SNAP)'s initial public offering, the company received its first ever recommendation from a Wall Street analyst. Brian Wieser of Pivotal Research Group initiated coverage of the social media company with a Sell rating and $10 price target. The Bears March In By...
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3 Important Dates For All IPOs, Explained
Friday, March 3, 2017 - 11:10am | 656Snap Inc (NYSE: SNAP), the parent company of the social media app Snapchat, saw its shares gain 44 percent during its first day of trading on Thursday. While Thursday, Feb. 2 marks an important milestone for the company and investors who have been wanting to buy the stock for months if not years....
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How College Students Use Snapchat
Thursday, March 2, 2017 - 3:57pm | 400Loup Ventures, the venture capital firm co-founded by former Wall Street analyst Gene Munster, Doug Clinton and Andrew Murphy, hasn't shied away from commenting on Snap, Inc. (NYSE: SNAP). Murphy stated in a blog post his firm is a big fan of the direction Snap is heading in as it has...
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That Didn't Take Long: Snap Initiated With A Sell Rating At Pivotal
Thursday, March 2, 2017 - 3:32pm | 328Snap Inc's (NYSE: SNAP) initial public offering is a few hours old, but Wall Street firms that didn't participate in the underwriting activity are coming out with their recommendations. Pivotal Research Group's Brian Wieser initiated coverage of Snap with a Sell rating and $10 price...