Robeco Institutional Asset Management B.V. Has $225,000 Stock Holdings in Snap Inc. (NYSE:SNAP)

Robeco Institutional Asset Management B.V. lessened its holdings in Snap Inc. (NYSE:SNAP - Free Report) by 82.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,808 shares of the company's stock after selling 118,765 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Snap were worth $225,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. raised its position in Snap by 3.4% in the first quarter. Asset Management One Co. Ltd. now owns 393,635 shares of the company's stock worth $3,429,000 after purchasing an additional 12,945 shares in the last quarter. AssuredPartners Investment Advisors LLC raised its position in Snap by 6.3% in the first quarter. AssuredPartners Investment Advisors LLC now owns 22,128 shares of the company's stock worth $193,000 after purchasing an additional 1,306 shares in the last quarter. Hudson Value Partners LLC acquired a new position in Snap in the first quarter worth about $211,000. Cambridge Investment Research Advisors Inc. raised its position in Snap by 12.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,841 shares of the company's stock worth $234,000 after purchasing an additional 2,918 shares in the last quarter. Finally, Praxis Investment Management Inc. raised its position in Snap by 64.5% in the first quarter. Praxis Investment Management Inc. now owns 66,690 shares of the company's stock worth $581,000 after purchasing an additional 26,140 shares in the last quarter. Institutional investors and hedge funds own 47.52% of the company's stock.

Snap Stock Up 0.4%

Shares of NYSE:SNAP opened at $9.39 on Thursday. Snap Inc. has a one year low of $7.08 and a one year high of $17.33. The company has a 50 day moving average of $8.44 and a 200-day moving average of $9.50. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.30 and a quick ratio of 4.30. The stock has a market cap of $15.69 billion, a price-to-earnings ratio of -30.29 and a beta of 0.59.

Snap (NYSE:SNAP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.12). Snap had a negative return on equity of 21.53% and a negative net margin of 9.63%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the firm earned $0.03 EPS. The firm's quarterly revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts forecast that Snap Inc. will post -0.3 earnings per share for the current year.

Insider Activity

In related news, SVP Eric Young sold 117,592 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $8.59, for a total transaction of $1,010,115.28. Following the completion of the transaction, the senior vice president owned 3,348,290 shares in the company, valued at approximately $28,761,811.10. The trade was a 3.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Derek Andersen sold 208,525 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $9.03, for a total transaction of $1,882,980.75. Following the transaction, the chief financial officer owned 3,299,372 shares of the company's stock, valued at approximately $29,793,329.16. This represents a 5.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,639,601 shares of company stock valued at $13,534,791. 22.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Bank of America dropped their price target on shares of Snap from $14.50 to $10.50 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Truist Financial cut their price target on shares of Snap from $14.00 to $11.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Morgan Stanley cut their price target on shares of Snap from $8.00 to $6.50 and set an "equal weight" rating for the company in a report on Thursday, May 1st. UBS Group cut their price target on shares of Snap from $14.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Canaccord Genuity Group cut their price target on shares of Snap from $10.00 to $9.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Snap presently has a consensus rating of "Hold" and a consensus target price of $35.74.

Snap Profile

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.

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