Versor Investments LP Cuts Stock Holdings in Snap Inc. $SNAP

Key Points

• Versor Investments LP reduced its stake in Snap Inc. by 84.9%, ending with 18,600 shares worth $162,000 after selling 104,600 shares in the first quarter.
• Multiple institutional investors, including Vanguard Group and Assenagon Asset Management, have increased their positions in Snap, with Vanguard now owning over 109 million shares.
• Recent analyst ratings on Snap show a mix of opinions, with half of the investment analysts rating it a "Buy" while others maintain a "Hold" or "Sell" rating, indicating uncertainty in the stock's outlook.

Versor Investments LP trimmed its position in shares of Snap Inc. (NYSE:SNAP - Free Report) by 84.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,600 shares of the company's stock after selling 104,600 shares during the quarter. Versor Investments LP's holdings in Snap were worth $162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in shares of Snap by 8.0% during the 4th quarter. Captrust Financial Advisors now owns 13,918 shares of the company's stock valued at $150,000 after acquiring an additional 1,030 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Snap by 1.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 61,365 shares of the company's stock worth $661,000 after acquiring an additional 1,033 shares during the last quarter. AssuredPartners Investment Advisors LLC boosted its position in Snap by 6.3% during the first quarter. AssuredPartners Investment Advisors LLC now owns 22,128 shares of the company's stock valued at $193,000 after buying an additional 1,306 shares during the period. DMC Group LLC grew its position in Snap by 7.2% during the 1st quarter. DMC Group LLC now owns 19,547 shares of the company's stock worth $170,000 after acquiring an additional 1,313 shares during the last quarter. Finally, AXA S.A. boosted its position in Snap by 2.9% during the 4th quarter. AXA S.A. now owns 60,706 shares of the company's stock valued at $654,000 after buying an additional 1,727 shares during the period. Hedge funds and other institutional investors own 47.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SNAP. Citizens Jmp reissued a "market perform" rating on shares of Snap in a report on Wednesday, August 6th. UBS Group lowered their price objective on Snap from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. TD Cowen upped their price target on Snap from $9.00 to $10.00 and gave the company a "hold" rating in a report on Tuesday, July 15th. Wells Fargo & Company increased their price target on Snap from $8.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Finally, Loop Capital reduced their target price on shares of Snap from $16.00 to $12.00 and set a "buy" rating for the company in a report on Friday, May 16th. Five equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Snap has an average rating of "Hold" and a consensus target price of $34.16.

Snap Trading Down 2.6%

Shares of Snap stock traded down $0.19 on Monday, hitting $7.01. 57,828,580 shares of the company traded hands, compared to its average volume of 57,301,996. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.73. The company has a market cap of $11.85 billion, a PE ratio of -21.91 and a beta of 0.62. The stock's 50 day moving average price is $8.64 and its 200-day moving average price is $8.79. Snap Inc. has a 52 week low of $6.99 and a 52 week high of $13.28.

Snap (NYSE:SNAP - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($0.16) earnings per share for the quarter, meeting the consensus estimate of ($0.16). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Snap had a negative net margin of 9.69% and a negative return on equity of 23.32%. Snap's revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.15) earnings per share. Snap has set its Q3 2025 guidance at EPS. Equities research analysts predict that Snap Inc. will post -0.3 EPS for the current year.

Insider Activity at Snap

In other Snap news, CFO Derek Andersen sold 60,966 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $7.17, for a total transaction of $437,126.22. Following the completion of the transaction, the chief financial officer directly owned 3,143,452 shares of the company's stock, valued at approximately $22,538,550.84. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Michael J. O'sullivan sold 68,705 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.18, for a total transaction of $493,301.90. Following the transaction, the general counsel directly owned 2,015,624 shares of the company's stock, valued at $14,472,180.32. This represents a 3.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,526,744 shares of company stock worth $11,851,954 in the last quarter.

Snap Profile

Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.