Snap One (NASDAQ:SNPO) Sees Strong Trading Volume

Snap One Holdings Corp. (NASDAQ:SNPO) shares saw an uptick in trading volume on Thursday . 513,067 shares traded hands during mid-day trading, an increase of 1,450% from the previous session’s volume of 33,103 shares.The stock last traded at $8.58 and had previously closed at $8.45.

Analysts Set New Price Targets

Separately, UBS Group lowered their price objective on shares of Snap One from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th.

Snap One Stock Up 2.0 %

The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.79 and a current ratio of 2.40. The stock’s fifty day simple moving average is $8.16 and its two-hundred day simple moving average is $8.27. The company has a market capitalization of $658.57 million, a price-to-earnings ratio of -30.18 and a beta of 1.26.

Institutional Trading of Snap One

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in Snap One by 533.0% in the 4th quarter. Barclays PLC now owns 4,836 shares of the company’s stock worth $35,000 after purchasing an additional 4,072 shares in the last quarter. Citigroup Inc. increased its position in shares of Snap One by 1,447.8% in the second quarter. Citigroup Inc. now owns 5,928 shares of the company’s stock worth $69,000 after acquiring an additional 5,545 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Snap One by 411.2% during the third quarter. Tower Research Capital LLC TRC now owns 6,001 shares of the company’s stock valued at $55,000 after acquiring an additional 4,827 shares during the period. UBS Group AG lifted its position in shares of Snap One by 2,779.6% in the 4th quarter. UBS Group AG now owns 7,890 shares of the company’s stock valued at $58,000 after acquiring an additional 7,616 shares in the last quarter. Finally, American International Group Inc. boosted its stake in Snap One by 23.3% in the 1st quarter. American International Group Inc. now owns 8,839 shares of the company’s stock worth $130,000 after purchasing an additional 1,672 shares during the period. 92.67% of the stock is 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.