Snap One (NASDAQ:SNPO) Stock Rating Reaffirmed by Jefferies Financial Group

Snap One (NASDAQ:SNPO)‘s stock had its “hold” rating restated by stock analysts at Jefferies Financial Group in a research note issued on Tuesday, Benzinga reports. They currently have a $10.75 price target on the stock, up from their previous price target of $10.00. Jefferies Financial Group’s price objective would indicate a potential upside of 1.80% from the company’s previous close.

Several other research analysts have also recently issued reports on SNPO. Truist Financial restated a “hold” rating and issued a $10.75 price objective (down from $12.00) on shares of Snap One in a research note on Tuesday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $10.75 price target (down from $11.00) on shares of Snap One in a research report on Tuesday. UBS Group dropped their price objective 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $11.05.

Snap One Stock Up 0.2 %

NASDAQ SNPO traded up $0.02 during trading on Tuesday, hitting $10.56. The company’s stock had a trading volume of 230,510 shares, compared to its average volume of 118,023. Snap One has a fifty-two week low of $6.70 and a fifty-two 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 cap of $808.26 million, a PE ratio of -37.71 and a beta of 1.27. The business’s 50 day simple moving average is $8.42 and its 200-day simple moving average is $8.32.

Snap One (NASDAQ:SNPO) last released its earnings results on Thursday, March 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $264.39 million for 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%. On average, equities analysts anticipate that Snap One will post 0.38 EPS for the current fiscal year.

Institutional Trading of Snap One

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank boosted its stake in shares of Snap One by 7.5% during the 1st quarter. Swiss National Bank now owns 35,900 shares of the company’s stock worth $530,000 after acquiring an additional 2,500 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Snap One by 41.8% during the first quarter. JPMorgan Chase & Co. now owns 12,268 shares of the company’s stock worth $181,000 after purchasing an additional 3,618 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Snap One by 19.4% in the first quarter. Bank of New York Mellon Corp now owns 46,982 shares of the company’s stock valued at $693,000 after purchasing an additional 7,646 shares during the period. MetLife Investment Management LLC increased its position in shares of Snap One by 57.0% in the first quarter. MetLife Investment Management LLC now owns 9,186 shares of the company’s stock valued at $135,000 after buying an additional 3,335 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in shares of Snap One in the first quarter valued at approximately $200,000. 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.