Snap Inc. (NYSE:SNAP) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Snap Inc. (NYSE:SNAP - Free Report) by 82.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,808 shares of the company's stock after selling 118,765 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Snap were worth $225,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SNAP. Mountain Hill Investment Partners Corp. purchased a new position in Snap in the fourth quarter worth $27,000. Raiffeisen Bank International AG purchased a new position in Snap in the fourth quarter worth $30,000. NBC Securities Inc. grew its holdings in Snap by 154,650.0% in the first quarter. NBC Securities Inc. now owns 3,095 shares of the company's stock worth $26,000 after purchasing an additional 3,093 shares during the last quarter. Rakuten Securities Inc. grew its holdings in Snap by 155.4% in the first quarter. Rakuten Securities Inc. now owns 3,489 shares of the company's stock worth $30,000 after purchasing an additional 2,123 shares during the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in Snap in the fourth quarter worth $43,000. 47.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SNAP has been the topic of several analyst reports. BMO Capital Markets cut their price target on shares of Snap from $16.00 to $13.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price objective on shares of Snap from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Truist Financial dropped their price objective on shares of Snap from $14.00 to $11.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Cantor Fitzgerald set a $7.00 price objective on shares of Snap and gave the company a "neutral" rating in a report on Wednesday, April 30th. Finally, Citigroup dropped their price objective on shares of Snap from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, twenty-three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $35.74.

Snap Price Performance

Shares of NYSE SNAP traded down $0.12 during trading on Friday, hitting $9.27. The company had a trading volume of 21,788,698 shares, compared to its average volume of 30,709,556. Snap Inc. has a fifty-two week low of $7.08 and a fifty-two week high of $17.33. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.55. The stock has a fifty day simple moving average of $8.47 and a two-hundred day simple moving average of $9.46. The firm has a market capitalization of $15.48 billion, a price-to-earnings ratio of -29.89 and a beta of 0.59.

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

Insider Transactions at Snap

In related news, insider Ajit Mohan sold 27,608 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $8.04, for a total transaction of $221,968.32. Following the completion of the sale, the insider owned 2,526,855 shares of the company's stock, valued at approximately $20,315,914.20. This represents a 1.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Eric Young sold 117,592 shares of the stock in a transaction dated 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 sale, the senior vice president owned 3,348,290 shares of the company's stock, valued at approximately $28,761,811.10. The trade was a 3.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,639,601 shares of company stock worth $13,534,791 in the last quarter. 22.68% of the stock is owned by insiders.

Snap Company 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.