Snap One (NASDAQ:SNPO) Given Hold Rating at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Snap One (NASDAQ:SNPO) in a report issued on Tuesday, Benzinga reports. They currently have a $10.75 target price on the stock, up from their previous target price of $10.00.

Other equities analysts have also recently issued reports about the stock. Truist Financial reiterated a hold rating and set a $10.75 price objective (down from $12.00) on shares of Snap One in a research report on Tuesday. JPMorgan Chase & Co. reiterated a neutral rating and set a $10.75 price objective (down from $11.00) on shares of Snap One in a research report on Tuesday. UBS Group lowered their price target on shares of Snap One from $14.00 to $12.00 and set a buy rating on the stock in a report on Tuesday, February 27th. Finally, William Blair cut shares of Snap One from an outperform rating to a market perform rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $11.05.

Snap One Trading Up 0.5 %

NASDAQ SNPO traded up $0.05 on Tuesday, hitting $10.59. 309,833 shares of the stock were exchanged, compared to its average volume of 118,650. Snap One has a 52-week low of $6.70 and a 52-week 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. The company has a market capitalization of $810.56 million, a price-to-earnings ratio of -37.71 and a beta of 1.27. The company’s 50-day moving average price is $8.42 and its two-hundred day moving average price is $8.32.

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 the consensus estimate of $0.05 by $0.02. Snap One had a negative net margin of 2.01% and a positive return on equity of 2.77%. The firm had revenue of $264.39 million for the quarter, compared to analysts’ expectations of $267.62 million. Research analysts predict that Snap One will post 0.38 EPS for the current year.

Institutional Investors Weigh In On Snap One

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC lifted its stake in shares of Snap One by 533.0% in the 4th quarter. Barclays PLC now owns 4,836 shares of the company’s stock valued at $35,000 after purchasing an additional 4,072 shares during the last quarter. Citigroup Inc. lifted its position in Snap One by 1,447.8% during the 2nd quarter. Citigroup Inc. now owns 5,928 shares of the company’s stock worth $69,000 after acquiring an additional 5,545 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Snap One by 411.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,001 shares of the company’s stock worth $55,000 after acquiring an additional 4,827 shares during the last quarter. UBS Group AG lifted its position in Snap One by 2,779.6% during the 4th quarter. UBS Group AG now owns 7,890 shares of the company’s stock worth $58,000 after acquiring an additional 7,616 shares during the last quarter. Finally, American International Group Inc. lifted its position in Snap One by 23.3% during the 1st quarter. American International Group Inc. now owns 8,839 shares of the company’s stock worth $130,000 after acquiring an additional 1,672 shares during the last quarter. 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.