Versor Investments LP Has $1.33 Million Stake in Snap Inc. (NYSE:SNAP)

Versor Investments LP increased its stake in Snap Inc. (NYSE:SNAP) by 252.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,200 shares of the company’s stock after purchasing an additional 88,200 shares during the period. Versor Investments LP’s holdings in Snap were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in shares of Snap by 141.9% in the third quarter. Advisors Asset Management Inc. now owns 2,782 shares of the company’s stock valued at $30,000 after purchasing an additional 1,632 shares in the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in Snap in the 4th quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in Snap during the 3rd quarter worth approximately $41,000. Blue Trust Inc. grew its stake in shares of Snap by 128.0% during the 4th quarter. Blue Trust Inc. now owns 4,370 shares of the company’s stock worth $47,000 after acquiring an additional 2,453 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Snap in the third quarter valued at approximately $81,000. Institutional investors own 47.52% of the company’s stock.

Insider Activity at Snap

In related news, CAO Rebecca Morrow sold 2,812 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $11.44, for a total value of $32,169.28. Following the transaction, the chief accounting officer now directly owns 430,252 shares of the company’s stock, valued at approximately $4,922,082.88. The trade was a 0.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Michael J. O’sullivan sold 18,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $11.89, for a total transaction of $214,020.00. Following the sale, the general counsel now owns 464,009 shares of the company’s stock, valued at $5,517,067.01. This trade represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 499,471 shares of company stock valued at $5,608,926. 22.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on SNAP. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 target price on shares of Snap in a research report on Monday, January 27th. Truist Financial lifted their price objective on shares of Snap from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Evercore ISI upped their target price on shares of Snap from $12.00 to $15.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Citizens Jmp cut Snap from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, UBS Group upped their price objective on Snap from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.87.

Snap Stock Performance

Shares of Snap stock opened at $10.15 on Thursday. The company has a market cap of $17.21 billion, a P/E ratio of -24.15 and a beta of 0.99. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 1.47. The business has a 50-day moving average price of $11.14 and a two-hundred day moving average price of $10.79. Snap Inc. has a 1-year low of $8.29 and a 1-year high of $17.33.

Snap (NYSE:SNAP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.13). Snap had a negative return on equity of 25.67% and a negative net margin of 13.02%. As a group, analysts anticipate that Snap Inc. will post -0.3 EPS for the current year.

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.