Latch, Inc. (NASDAQ:LTCH) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in shares of Latch, Inc. (NASDAQ:LTCHGet Rating) by 72.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,487 shares of the company’s stock after selling 68,057 shares during the quarter. SG Americas Securities LLC’s holdings in Latch were worth $29,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc acquired a new stake in shares of Latch in the first quarter valued at about $53,000. Citigroup Inc. grew its position in shares of Latch by 3,446.3% in the first quarter. Citigroup Inc. now owns 23,122 shares of the company’s stock valued at $99,000 after purchasing an additional 22,470 shares during the period. Bank of America Corp DE grew its position in shares of Latch by 311.4% in the first quarter. Bank of America Corp DE now owns 55,821 shares of the company’s stock valued at $239,000 after purchasing an additional 42,254 shares during the period. Swiss National Bank grew its position in shares of Latch by 8.1% in the first quarter. Swiss National Bank now owns 84,100 shares of the company’s stock valued at $359,000 after purchasing an additional 6,300 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Latch in the first quarter valued at about $1,442,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

Latch Stock Down 7.7 %

Shares of NASDAQ LTCH opened at $0.97 on Friday. The business’s 50 day moving average is $1.04 and its two-hundred day moving average is $1.38. Latch, Inc. has a 52-week low of $0.80 and a 52-week high of $8.82. The firm has a market cap of $140.37 million, a price-to-earnings ratio of -0.61 and a beta of 1.78.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of Latch in a research report on Friday, July 22nd. They issued a “neutral” rating and a $5.00 target price on the stock. Keefe, Bruyette & Woods reiterated a “downgrade” rating on shares of Latch in a research report on Monday, July 25th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.28.

Latch Company Profile

(Get Rating)

Latch, Inc operates as an enterprise technology company in the United States and Canada. The company offers LatchOS, an operating system that extends smart access, delivery and guest management, smart home and sensors, connectivity, and personalization and services. Its software products include Latch Resident Mobile Applications, Latch Manager Web, and the Latch Manager Mobile Applications.

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Institutional Ownership by Quarter for Latch (NASDAQ:LTCH)

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