Shares of Snap rose to $12.19 during today's afternoon trading session. Despite the 1.4% change, the large-cap Software company still trades 32.83% above its average analyst target price of $9.18. So there may be further downside for the Software stock. Snap has target prices ranging from $6.0 to $14.0 per share, and its average rating is hold.
The stock has an average amount of shares sold short at 7.5%, and a short ratio of 3.08. The company's insiders own 9.39% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 53.1% of Snap's shares being owned by this investor type.
Institutions Invested in Snap
|2023-03-31||Vanguard Group, Inc. (The)||7%||88,468,700||$1,078,769,631|
|2023-03-31||Capital World Investors||2%||30,653,388||$373,781,281|
|2023-03-31||Shaw D.E. & Co., Inc.||2%||26,041,221||$317,541,439|
|2023-03-31||Two Sigma Advisers, LP||2%||24,618,677||$300,195,222|
|2023-03-31||Goldman Sachs Group Inc||2%||24,570,667||$299,609,798|
|2023-03-31||Two Sigma Investments, LP||1%||19,784,096||$241,243,309|
|2023-03-31||JP Morgan Chase & Company||1%||19,097,565||$232,871,887|
|2023-03-31||State Street Corporation||1%||12,454,432||$151,866,852|
Besides an analyst belief that shares are overpriced, other market factors point to there being mixed market sentiment on Snap.