Snap One Holdings Corp. (NASDAQ:SNPO) Receives Average Rating of “Hold” from Brokerages

Shares of Snap One Holdings Corp. (NASDAQ:SNPO) have earned an average rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $11.13.

Several brokerages have recently commented on SNPO. JPMorgan Chase & Co. reissued a “neutral” rating and set a $10.75 price objective (down previously from $11.00) on shares of Snap One in a report on Tuesday. Truist Financial restated a “hold” rating and issued a $10.75 price objective (down from $12.00) on shares of Snap One in a report on Tuesday. William Blair lowered shares of Snap One from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, UBS Group decreased their target price on shares of Snap One from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th.

Institutional Investors Weigh In On Snap One

Several hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Snap One in the 4th quarter worth about $92,000. First Eagle Investment Management LLC boosted its stake in Snap One by 3.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 174,971 shares of the company’s stock valued at $1,617,000 after purchasing an additional 5,487 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Snap One by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 51,442 shares of the company’s stock worth $475,000 after purchasing an additional 1,771 shares in the last quarter. Summit Creek Advisors LLC lifted its holdings in shares of Snap One by 0.4% during the third quarter. Summit Creek Advisors LLC now owns 493,030 shares of the company’s stock valued at $4,556,000 after purchasing an additional 2,179 shares in the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of Snap One during the first quarter valued at $262,000. 92.67% of the stock is currently owned by institutional investors.

Snap One Stock Down 0.1 %

SNPO stock traded down $0.01 during trading on Tuesday, reaching $10.53. The stock had a trading volume of 2,020,743 shares, compared to its average volume of 113,658. The company has a quick ratio of 0.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $805.97 million, a price-to-earnings ratio of -37.61 and a beta of 1.27. The company’s 50 day moving average is $8.37 and its two-hundred day moving average is $8.31. Snap One has a one year low of $6.70 and a one year high of $12.06.

Snap One (NASDAQ:SNPO) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $264.39 million during the quarter, compared to analyst estimates of $267.62 million. Snap One had a negative net margin of 2.01% and a positive return on equity of 2.77%. Equities research analysts forecast that Snap One will post 0.38 EPS for the current year.

About Snap One

Snap One Holdings Corp. provides smart-living solutions in the United States and internationally. The company offers end-to-end product and software ecosystem and technology-enabled workflow solutions. It also provides connected products, including networking, control and lighting, surveillance, and power products; entertainment products for indoor and outdoor solutions, such as media distribution products, as well as audio and video products; and infrastructure products, which include structured wiring and cable products, racks, and mounts.