Wolfe Research Initiates Coverage of Snap (XTRA:1SI) with Peer Perform Recommendation

Fintel reports that on July 16, 2024, Wolfe Research initiated coverage of Snap (XTRA:1SI) with a Peer Perform recommendation.

Analyst Price Forecast Suggests 6.62% Downside

As of July 4, 2024, the average one-year price target for Snap is 13,99 €/share. The forecasts range from a low of 7,41 € to a high of 19,25 €. The average price target represents a decrease of 6.62% from its latest reported closing price of 14,99 € / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Snap is 5,582MM. The projected annual non-GAAP EPS is 0.40.

What is the Fund Sentiment?

There are 906 funds or institutions reporting positions in Snap. This is an decrease of 4 owner(s) or 0.44% in the last quarter. Average portfolio weight of all funds dedicated to 1SI is 0.25%, an increase of 8.58%. Total shares owned by institutions increased in the last three months by 5.08% to 850,167K shares.

What are Other Shareholders Doing?

FBGRX - Fidelity Blue Chip Growth Fund holds 81,035K shares representing 4.94% ownership of the company. In its prior filing, the firm reported owning 77,789K shares , representing an increase of 4.01%. The firm decreased its portfolio allocation in 1SI by 9.38% over the last quarter.

Bank Of America holds 66,836K shares representing 4.07% ownership of the company. In its prior filing, the firm reported owning 8,624K shares , representing an increase of 87.10%. The firm increased its portfolio allocation in 1SI by 388.83% over the last quarter.

SRS Investment Management holds 65,115K shares representing 3.97% ownership of the company. No change in the last quarter.

Capital World Investors holds 46,272K shares representing 2.82% ownership of the company. In its prior filing, the firm reported owning 45,887K shares , representing an increase of 0.83%. The firm decreased its portfolio allocation in 1SI by 36.37% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 32,865K shares representing 2.00% ownership of the company. In its prior filing, the firm reported owning 32,819K shares , representing an increase of 0.14%. The firm decreased its portfolio allocation in 1SI by 38.09% over the last quarter.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

Click to Learn More

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.