Snap surged to $16.27 per share this afternoon, but it remains 30.47% above its mean target price of $12.47. There may still be room for more downwards movement — even after today's 3.1% drop. Analysts are giving the large-cap Software stock on average rating of hold, with target prices ranging from $7.0 to $23.0 per share.
Snap has an average level of shares sold short, at 8.4% of its total share float. The stock's short ratio (also called days to cover) is 3.33. The company's insiders own 9.23% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 54.2% of Snap's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Snap
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | FMR, LLC | 15% | 203,406,399 | $3,309,422,204 |
| 2023-09-30 | Vanguard Group Inc | 7% | 91,814,471 | $1,493,821,485 |
| 2023-09-30 | Srs Investment Management, Llc | 4% | 52,662,317 | $856,815,921 |
| 2023-09-30 | Capital World Investors | 3% | 45,612,906 | $742,122,001 |
| 2023-09-30 | Blackrock Inc. | 2% | 34,669,885 | $564,079,044 |
| 2023-09-30 | Goldman Sachs Group Inc | 2% | 27,371,454 | $445,333,569 |
| 2023-09-30 | Two Sigma Advisers, LP | 1% | 16,817,877 | $273,626,866 |
| 2023-09-30 | State Street Corporation | 1% | 13,140,920 | $213,802,774 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 1% | 12,959,020 | $210,843,261 |
| 2023-09-30 | Ossiam | 1% | 12,176,458 | $198,110,977 |
