Snap One (NASDAQ:SNPO) Rating Reiterated by JPMorgan Chase & Co.

Snap One (NASDAQ:SNPO)‘s stock had its “neutral” rating reiterated by investment analysts at JPMorgan Chase & Co. in a research report issued on Tuesday, Benzinga reports. They currently have a $10.75 price objective on the stock, down from their previous price objective of $11.00. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 1.51% from the stock’s current price.

Several other research firms also recently commented on SNPO. Truist Financial reiterated a “hold” rating and issued a $10.75 target price (down from $12.00) on shares of Snap One in a research report on Tuesday. William Blair downgraded Snap One from an “outperform” rating to a “market perform” rating in a research report on Monday. Finally, UBS Group dropped their target price on Snap One from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.05.

Snap One Price Performance

Shares of SNPO stock opened at $10.59 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. Snap One has a twelve month low of $6.70 and a twelve month high of $12.06. The company has a market cap of $810.52 million, a P/E ratio of -37.82 and a beta of 1.27. The business has a fifty day simple moving average of $8.47 and a 200 day simple moving average of $8.33.

Snap One (NASDAQ:SNPO) last announced 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. The business 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%. On average, sell-side analysts forecast that Snap One will post 0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its position in Snap One by 533.0% in the fourth quarter. Barclays PLC now owns 4,836 shares of the company’s stock worth $35,000 after purchasing an additional 4,072 shares during the last quarter. Citigroup Inc. boosted its position in 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 purchasing an additional 5,545 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Snap One by 411.2% in the third quarter. Tower Research Capital LLC TRC now owns 6,001 shares of the company’s stock worth $55,000 after purchasing an additional 4,827 shares during the last quarter. UBS Group AG lifted its position in shares of Snap One by 2,779.6% during the 4th quarter. UBS Group AG now owns 7,890 shares of the company’s stock valued at $58,000 after buying an additional 7,616 shares during the last quarter. Finally, American International Group Inc. lifted its position in shares of Snap One by 23.3% during the 1st quarter. American International Group Inc. now owns 8,839 shares of the company’s stock valued at $130,000 after buying an additional 1,672 shares during the last quarter. Hedge funds and other institutional investors 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.