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

Shares of Snap One Holdings Corp. (NASDAQ:SNPOGet Free Report) have earned an average recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $11.05.

A number of research analysts recently commented on the company. JPMorgan Chase & Co. restated a “neutral” rating and set a $10.75 price objective (down from $11.00) on shares of Snap One in a research note on Tuesday, April 16th. UBS Group lowered their price objective on Snap One from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Jefferies Financial Group restated a “hold” rating and set a $10.75 price objective (up from $10.00) on shares of Snap One in a research note on Tuesday, April 16th. Truist Financial restated a “hold” rating and set a $10.75 price objective (down from $12.00) on shares of Snap One in a research note on Tuesday, April 16th. Finally, William Blair downgraded Snap One from an “outperform” rating to a “market perform” rating in a research note on Monday, April 15th.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in Snap One during the fourth quarter valued at about $92,000. First Eagle Investment Management LLC boosted its stake in Snap One by 3.2% during the third quarter. First Eagle Investment Management LLC now owns 174,971 shares of the company’s stock valued at $1,617,000 after buying an additional 5,487 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Snap One by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 51,442 shares of the company’s stock valued at $475,000 after buying an additional 1,771 shares in the last quarter. Summit Creek Advisors LLC boosted its stake in 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 buying an additional 2,179 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Snap One by 41.2% during the first quarter. Deutsche Bank AG now owns 10,831 shares of the company’s stock valued at $101,000 after buying an additional 3,163 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Snap One Stock Performance

SNPO stock opened at $10.56 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 0.79 and a debt-to-equity ratio of 0.65. The firm has a market cap of $808.26 million, a P/E ratio of -37.71 and a beta of 1.27. Snap One has a 12-month low of $6.70 and a 12-month high of $12.06. The stock’s 50 day simple moving average is $8.56 and its 200 day simple moving average is $8.35.

Snap One (NASDAQ:SNPOGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $264.39 million for the quarter, compared to analyst estimates of $267.62 million. Snap One had a positive return on equity of 2.77% and a negative net margin of 2.01%. As a group, equities research analysts predict that Snap One will post 0.38 EPS for the current year.

About Snap One

(Get Free Report

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.

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Analyst Recommendations for Snap One (NASDAQ:SNPO)

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