Analysts Set Snap One Holdings Corp. (NASDAQ:SNPO) PT at $11.13

Snap One Holdings Corp. (NASDAQ:SNPO) has received an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $11.05.

SNPO has been the subject of several research analyst reports. Truist Financial reissued a “hold” rating and set a $10.75 target price (down previously from $12.00) on shares of Snap One in a research note on Tuesday, April 16th. UBS Group reduced their price target on Snap One from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. William Blair downgraded Snap One from an “outperform” rating to a “market perform” rating in a research note on Monday, April 15th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $10.75 price objective (up previously from $10.00) on shares of Snap One in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $10.75 price objective (down previously from $11.00) on shares of Snap One in a research note on Tuesday, April 16th.

Snap One Stock Down 0.2 %

Shares of NASDAQ SNPO opened at $10.54 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 company has a market cap of $806.69 million, a price-to-earnings ratio of -37.64 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 has a 50-day moving average price of $8.60 and a two-hundred day moving average price of $8.36.

Snap One (NASDAQ:SNPO) last issued its earnings results on Thursday, March 7th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $264.39 million during the quarter, compared to the consensus estimate 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, analysts forecast that Snap One will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of Snap One

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Snap One during the 4th quarter valued at approximately $92,000. Bank of New York Mellon Corp increased its position in 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 valued at $475,000 after purchasing an additional 1,771 shares during the period. First Eagle Investment Management LLC increased its position 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 period. Finally, Summit Creek Advisors LLC increased its position in Snap One by 0.4% during the 3rd 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 during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Snap One Company Profile

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.