Jefferies Financial Group Reaffirms Hold Rating for Snap One (NASDAQ:SNPO)

Jefferies Financial Group reiterated their hold rating on shares of Snap One (NASDAQ:SNPO) in a research note released on Tuesday morning, Benzinga reports. Jefferies Financial Group currently has a $10.75 target price on the stock, up from their prior target price of $10.00.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. reiterated a neutral rating and set a $10.75 target price (down from $11.00) on shares of Snap One in a research note on Tuesday. Truist Financial restated a hold rating and issued a $10.75 price target (down from $12.00) on shares of Snap One in a research note on Tuesday. UBS Group reduced their price target 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. Finally, William Blair downgraded Snap One from an outperform rating to a market perform rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Snap One has a consensus rating of Hold and a consensus target price of $11.05.

Snap One Stock Down 0.1 %

SNPO stock opened at $10.58 on Tuesday. 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 business has a 50 day moving average price of $8.51 and a two-hundred day moving average price of $8.35. The company has a market cap of $809.79 million, a price-to-earnings ratio of -37.78 and a beta of 1.27. Snap One has a twelve month low of $6.70 and a twelve month high of $12.06.

Snap One (NASDAQ:SNPO) last posted its quarterly earnings results 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. Snap One had a positive return on equity of 2.77% and a negative net margin of 2.01%. The firm had revenue of $264.39 million during the quarter, compared to the consensus estimate of $267.62 million. Analysts anticipate that Snap One will post 0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Snap One

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in shares of Snap One during the 4th quarter worth $92,000. First Eagle Investment Management LLC raised its holdings in shares of Snap One by 3.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 174,971 shares of the company’s stock worth $1,617,000 after buying an additional 5,487 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Snap One by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 51,442 shares of the company’s stock worth $475,000 after buying an additional 1,771 shares in the last quarter. Summit Creek Advisors LLC raised its holdings in shares of Snap One by 0.4% during the 3rd quarter. Summit Creek Advisors LLC now owns 493,030 shares of the company’s stock worth $4,556,000 after buying an additional 2,179 shares in the last quarter. Finally, Invesco Ltd. acquired a new position in shares of Snap One during the 1st quarter worth $262,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

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.