Do Analysts Recommend SNAP at $12.19?

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

Date Reported Holder Percentage Shares Value
2023-03-31 FMR, LLC 10% 137,636,783 $1,678,315,400
2023-03-31 Vanguard Group, Inc. (The) 7% 88,468,700 $1,078,769,631
2023-03-31 Blackrock Inc. 3% 37,972,047 $463,023,545
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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.