Shares of the social media platform Snap (NASDAQ:SNAP) are down about 34% year-to-date due to the pressure on its advertising revenues. However, the company is taking measures to diversify its business, improve engagement levels, and enhance its direct-response advertising platform to reaccelerate growth. As SNAP is taking initiatives to accelerate growth and deliver sustainable earnings, it’s the right time to delve into its ownership structure.
Now, according to TipRanks’ ownership page, public companies and individual investors own 39.01% of Snap. They are followed by other institutional investors, mutual funds, and insiders at 26.74%, 23.30%, and 10.95%, respectively.
Digging Deeper into Snap’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Fidelity Securities Fund owns a 7.81% stake in Snap stock. Next up is Vanguard, which holds a 6.60% stake in the company.
Among the institutions, the hedge fund Confidence Signal is Neutral on SNAP stock based on the activity of six hedge funds. However, Hedge Funds decreased their holdings by 1.5M shares in the last quarter.
While the hedge fund confidence signal is neither bullish nor bearish, individual investors have a Very Positive view of the company, given that in the last 30 days, the number of portfolios (tracked by TipRanks) holding the stock increased by 3.3%. Overall, among the 715,547 portfolios monitored by TipRanks, 0.7% have invested in Snap stock.
Is Snap Stock Expected to Go Up?
While Snap stock marked a notable decline year-to-date, analysts’ average price target suggests decent upside potential over the next 12 months. Analysts’ average price target is $14.30, implying 28.02% upside potential from current levels.
It has nine Buy, 21 Hold, and two Sell recommendations for a Hold consensus rating.
Conclusion
TipRanks’ Ownership tool shows Snap’s ownership structure by category, enabling investors to make well-informed investing decisions.
