Snap One (NASDAQ:SNPO) Downgraded by William Blair

William Blair lowered shares of Snap One (NASDAQ:SNPO) from an outperform rating to a market perform rating in a research report sent to investors on Monday, MarketBeat Ratings reports.

Separately, UBS Group dropped 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. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $11.05.

Snap One Price Performance

Shares of SNPO opened at $10.59 on Monday. The firm has a 50-day simple moving average of $8.47 and a two-hundred day simple moving average of $8.33. The stock has a market cap of $810.52 million, a PE ratio of -37.82 and a beta of 1.27. Snap One has a 1-year low of $6.70 and a 1-year high of $12.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.40 and a quick ratio of 0.79.

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

Institutional Investors Weigh In On Snap One

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Snap One by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 872,518 shares of the company’s stock worth $7,774,000 after acquiring an additional 16,374 shares during the period. Virtu Financial LLC acquired a new position in Snap One during the 4th quarter worth $94,000. Barclays PLC grew its stake in Snap One by 328.1% during the 4th quarter. Barclays PLC now owns 28,944 shares of the company’s stock worth $258,000 after purchasing an additional 22,183 shares in the last quarter. UBS Group AG increased its holdings in Snap One by 18.5% during the 4th quarter. UBS Group AG now owns 23,222 shares of the company’s stock worth $207,000 after purchasing an additional 3,626 shares during the period. Finally, First Eagle Investment Management LLC raised its position in Snap One by 5.3% in the 4th quarter. First Eagle Investment Management LLC now owns 184,211 shares of the company’s stock valued at $1,641,000 after purchasing an additional 9,240 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

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.