Versor Investments LP Sells 104,600 Shares of Snap Inc. $SNAP

Versor Investments LP reduced its position in shares of Snap Inc. (NYSE:SNAP) by 84.9% in the 1st quarter, HoldingsChannel.com reports. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SNAP. Vanguard Group Inc. raised its holdings in Snap by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 109,483,491 shares of the company’s stock worth $953,601,000 after purchasing an additional 6,921,841 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Snap by 121.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 6,848,370 shares of the company’s stock worth $59,649,000 after purchasing an additional 3,761,629 shares during the last quarter. Freestone Grove Partners LP bought a new stake in Snap during the 4th quarter worth about $20,729,000. Worldquant Millennium Advisors LLC bought a new stake in Snap during the 4th quarter worth about $11,705,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in Snap during the 4th quarter worth about $10,420,000. 47.52% of the stock is owned by institutional investors.

Snap Price Performance

Shares of SNAP opened at $7.1850 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.88 and a current ratio of 3.88. The stock has a 50 day simple moving average of $8.66 and a 200 day simple moving average of $8.84. Snap Inc. has a 52-week low of $6.99 and a 52-week high of $13.28. The firm has a market capitalization of $12.14 billion, a PE ratio of -22.45 and a beta of 0.62.

Snap (NYSE:SNAP) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.16). Snap had a negative return on equity of 23.32% and a negative net margin of 9.69%.The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm earned ($0.15) EPS. Snap’s quarterly revenue was up 8.7% compared to the same quarter last year. Snap has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Snap Inc. will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ajit Mohan sold 184,287 shares of the business’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 value of $1,323,180.66. Following the completion of the transaction, the insider directly owned 5,492,006 shares in the company, valued at approximately $39,432,603.08. The trade was a 3.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Michael J. O’sullivan sold 68,705 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $7.18, for a total value of $493,301.90. Following the completion of the transaction, the general counsel 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 valued at $11,851,954 over the last 90 days. 22.68% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on SNAP shares. JMP Securities reissued a “market perform” rating on shares of Snap in a report on Wednesday, August 6th. Cantor Fitzgerald restated a “neutral” rating and set a $7.00 target price on shares of Snap in a research report on Wednesday, August 6th. Evercore ISI boosted their target price on Snap from $11.00 to $12.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 6th. Loop Capital decreased their target price on Snap from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, May 16th. Finally, Bank of America decreased their target price on Snap from $10.00 to $9.50 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Snap presently has a consensus rating of “Hold” and an average target price of $34.16.

About Snap

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.