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SNAP

Snap

$18.17

0.625 (3.56%)

12:02
06/19/17
06/19
12:02
06/19/17
12:02

Technical View: Snap trades up off recent lows

Shares were last at $17.90, up over 2% on the day. At that price next resistance is at $18.85. Support is at $17.54.

  • 28

    Jun

  • 19

    Jul

SNAP Snap
$18.17

0.625 (3.56%)

06/07/17
NOMU
06/07/17
NO CHANGE
Target $14
NOMU
Reduce
Snap download trends deteriorated thus far in Q2, says Nomura Instinet
An analysis of app download data from SensorTower points to year-over-year deterioration in Snapchat download trends through the first two months of Q2, Nomura Instinet analyst Anthony DiClemente tells investors in an intraday research note titled "Snap Back Unlikely in 2Q." He points out that Facebook's (FB) Instagram downloads grew year-over-year in Q2, which the analyst believes suggests competitive pressures may be intensifying for Snap. For April and May, SensorTower has Snap worldwide downloads down 22%. DiClemente keeps a Reduce rating on the shares with a $14 price target. He lowered his 2017 earnings per share estimate for SNAP to ($3.24) from ($2.68) and revenue estimate to $842M from $953M. These estimates are well below the consensus. Snap in midday trading is down 73c to $19.63.
06/08/17
OPCO
06/08/17
NO CHANGE
Target $23
OPCO
Outperform
Oppenheimer checks show slower adoption by new advertisers for Snap
Oppenheimer analyst Jason Helfstein says his recent channel checks indicate strong growth in existing advertiser spend for Snap, but slower adoption by new advertisers due to platform-specific video ads, limited 3P data and brand safety concerns for user-generated story ads. As a result, the analyst removed $5M from this Q2 revenue estimate to reflect slower than expected advertiser adoption and added the same amount to his Q4 estimate. He expects all of the new advertiser headwinds to be solved over time. Snap's full roll-out of a self-service ad manager in July should accelerate new advertiser adoption in the second half of 2017, Helfstein tells investors in a research note. He keeps an Outperform rating on the shares with a $23 price target.
06/09/17
SBSH
06/09/17
DOWNGRADE
Target $20
SBSH
Neutral
Snap downgraded to Neutral from Buy at Citi
Citi analyst Mark May downgraded Snap to Neutral and cut his price target for the shares to $20 from $24. The camera company closed yesterday down 4% to $18.85. A slower than expected roll-out of new platforms and channels like self-serve is slowing down the pace of monetization growth, May tells investors in a research note. Further, he believes investors "may continue to be wary near term" of the company's user growth, which disappointed in Q1. The analyst adds that the IPO lock-up expiration in August will increase the stock available for sale by over 500% or 949M shares. He believes this could pressure the stock.
06/09/17
06/09/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Snap (SNAP) downgraded to Neutral from Buy at Citi with analyst Mark May saying a slower than expected roll-out of new platforms and channels like self-serve is slowing down the pace of monetization growth. 2. Domino's Pizza (DPZ) downgraded to Neutral from Buy at Longbow with analyst Alton Stump saying his checks indicate second quarter domestic franchised comparables are up 6.25%-6.75%, versus consensus of 7.4%, and recommends investors take a pause on putting new money to work given recent share strength. 3. Nordstrom (JWN) downgraded to Neutral from Buy at Guggenheim with analyst Michael Binetti saying he does not see much further upside potential, even in a leveraged buyout scenario. The analyst believes a going private buyer could only pay $46 per share to generate a 10% internal rate of return. 4. Cantel Medical (CMD) downgraded to Hold from Buy at Benchmark with analyst Raymond Myers saying that he is increasingly concerned that its comparisons become tougher in the next two quarters. 5. Endo (ENDP) downgraded to Hold following Opana ER removal from market at Stifel with analyst Annabel Samimy saying Endo's recovery "just got harder" following the FDA's request for the company to voluntarily remove Opana ER from the market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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  • 22

    Jan

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  • 22

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TXN

Texas Instruments

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0.42 (0.36%)

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General news
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PAYC

Paycom

, ALRM

Alarm.com

$38.73

-0.7 (-1.78%)

09:25
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01/22
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Conference/Events
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PAYC

Paycom

ALRM

Alarm.com

$38.73

-0.7 (-1.78%)

CA

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$34.07

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RHT

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ORCL

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SSNC

SS&C

$49.98

0.04 (0.08%)

VMW

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CTXS

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$92.72

1.34 (1.47%)

MSFT

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$90.00

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SYMC

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PANW

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APTI

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0.56 (2.31%)

CHKP

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1.28 (1.24%)

NICE

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SPLK

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$89.94

-1.49 (-1.63%)

RNG

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  • 22

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DCIX

Diana Containerships

$3.24

0.09 (2.86%)

09:23
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CAA

CalAtlantic

, LEN

Lennar

09:23
01/22/18
01/22
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CalAtlantic, Lennar analyst commentary  »

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CalAtlantic

LEN

Lennar

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SJI

South Jersey Industries

09:21
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  • 23

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KBH

KB Home

09:20
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  • 24

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WYNN

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AAPL

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$178.46

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  • 22

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  • 01

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CYTX

Cytori Therapeutics

$0.40

-0.0188 (-4.48%)

09:19
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UBS

UBS

09:18
01/22/18
01/22
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Periodicals
UBS to start moving jobs in early 2018 ahead of Brexit, Telegraph reports »

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HAL

Halliburton

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  • 22

    Jan

PHM

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09:18
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  • 30

    Jan

SPX

S&P 500

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Volatility Index S&P 500 Options

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RF

Regions Financial

09:17
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