How Snapchat’s IPO Became One of Wall Street’s Biggest Flops [Fortune]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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investor.snap.com/company-profile
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Source: Fortune
Two weeks ago, stock market pundits, tech analysts, and the bulls in general were hailing the IPO of Snapchat owner, Snap Inc. ( snap ) , as a triumph. Since then, the bash has given way to a wicked hangover. And as the haze has lifted what's become clear is this: The Snap IPO was an epic fleecing, made even more glaring by the past two weeks. The lone big winner is the maestro that orchestrated the entire travesty and should be no surprise to anyone: Wall Street. The three other groups involved in the Snap IPO—the inside institutional buyers; the folks who were seduced by the first days' euphoria; and the company itself—have been huge losers. Let's count the ways. First, the institutional investors, sometimes on behalf of retirees in pension funds that purchased their shares directly from the underwriters at a privileged price of just $17 have watched their gains in Snap's stock, which was as high as $27, drop a third. Not all the institutions rode down the hill. Since tr
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News
- Snap Inc. (NYSE: SNAP) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $16.00 price target on the stock, up previously from $15.00.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at TD Cowen from $11.00 to $14.00. They now have a "hold" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at Wells Fargo & Company from $16.00 to $18.00. They now have an "overweight" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $13.50 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Snap Inc. (NYSE: SNAP) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
SNAP
Earnings
- 4/25/24 - Beat
SNAP
Sec Filings
- 4/26/24 - Form S-8
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- SNAP's page on the SEC website