QR.bizNewsSnap Inc. (SNAP) Short Interest Down 4.0% in July

Snap Inc. (SNAP) Short Interest Down 4.0% in July

Snap also fell short of the Street's revenue expectations.

Shares of Snap took a horrific beating in the after market on Thursday August 10th, 2017 when the company reported their earnings for their fiscal second quarter.

Snap reporter ARPU, or average revenue per user, of $1.05 on the quarter. Equities analysts expect that Snap will post ($0.56) EPS for the current year. Snap's loss widened to $443 million, compared to $115.9 million in the same period a year ago.

Snap missed estimates in various areas as analysts dropped their price target on the company and some bemoaned that Snap did not provide forward-looking guidance, as is common for publicly traded companies.

Daily active users: 173 million, down from 175 million expected. Snap stock closed Thursday at $13.67, more than 44 percent below the $24.48 opening-day closing price for the stock back in early March. But the business, whose main offering is a messaging service where people can use filters to change their faces and voices, is not growing the amount of money made per customer as quickly as investors had hoped.

With the lackluster results and stock price declining, Spiegel did promise not to sell any of his own shares in the company, a move usually reserved to instill confidence.

Snap Inc. should be very anxious about Facebook's Instagram Stories, which now has more users than Snapchat itself.

He doesn't even like calling Snapchat a social network; he insists it's a camera company. Finally, Instinet restated a "reduce" rating and set a $14.00 target price on shares of Snap in a report on Friday, June 9th.

Snap, the parent company of Snapchat, is seeing steep increases in its losses while sales and user growth continue to disappoint. The first lockup expired July 31. He went on to say the two execs "believe deeply in the long-term success of Snap".

Chief Strategy Officer Imran Khan said that 60% of Snap ads are now delivered programmatically. Citigroup and their recent TP would indicate a potential upside of 7.17 % from the company's stock close price.

TRADEMARK VIOLATION WARNING: This report was originally posted by StockNewsTimes and is the property of of StockNewsTimes.

Dubuque Bank & Trust Co. acquired a new position in Snap Inc.

Several research firms have commented on SNAP. And Google, according to the Wall Street Journal, will soon offer publishers a platform to showcase multimedia content on mobile phones, similar to Snapchat's "Discover". That seemed to suggest that Snap thinks it will eventually have opportunities to sell ads within the feature. And putting up massaged numbers is a better use of executives' time and energy than plotting how to get Facebook in trouble with antitrust regulators or keeping Spiegel in a security cocoon. The analyst asked which types of techniques Spiegel didn't like.

Snap co-founders Bobby Murphy left and CEO Evan Spiegel ring the opening bell at the New York Stock Exchange as the company celebrates its IPO

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