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The Best And Worst Mobile App Performances In Q1: Bad News For Snapchat

The Best And Worst Mobile App Performances In Q1: Bad News For Snapchat
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Aegis Capital Corp analyst Victor Anthony released his quarterly update on the performance of some of the most popular mobile apps. Aegis uses metrics such as downloads, monthly active users (MAUs) and daily active users (DAUs) to gauge which apps are gaining and losing momentum among users.

According to Anthony, newly-public Snap Inc (NYSE: SNAP) was one of the big losers. Aegis reports Snapchat’s DAUs on iOS devices are down so far in March compared to January and February.

Related Link: 9 Most Popular Mobile Apps In China

“We maintain our view that while ad dollars should flow to Snap at a healthy pace in the coming quarters as advertisers continue to experiment with the App, if Snap is unable to re-accelerate its user growth, advertisers will likely seek out alternative platforms where growth remains robust, such as Instagram,” Anthony explains.

Snap was at the top of Aegis’ list of negative standouts in Q1, along with eBay Inc (NASDAQ: EBAY) and Pandora Media Inc (NYSE: P).

On the other side of the equation, Anthony mentions the following four stocks as positive standouts in Q1:

  • Expedia Inc (NASDAQ: EXPE)
  • Netflix Inc (NASDAQ: NFLX)
  • Yelp Inc (NYSE: YELP)
  • GrubHub Inc (NYSE: GRUB)

Aegis maintains Buy ratings on Match Group Inc (NASDAQ: MTCH),, Inc (NASDAQ: AMZN), eBay Inc (NASDAQ: EBAY), Facebook Inc (NASDAQ: FB), Yelp Inc (NYSE: YELP) and Pandora Media Inc (NYSE: P).

Latest Ratings for SNAP

May 2018Moffett NathansonUpgradesSellNeutral
May 2018Morgan StanleyMaintainsUnderweightUnderweight
May 2018Summit Insights GroupDowngradesHoldSell

View More Analyst Ratings for SNAP
View the Latest Analyst Ratings

Posted-In: Aegis Capital Victor AnthonyAnalyst Color Analyst Ratings Tech Best of Benzinga


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