Snap One’s (SNPO) “Hold” Rating Reiterated at Jefferies Financial Group

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

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. reaffirmed 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 dropped their price target on Snap One from $14.00 to $12.00 and set a buy rating on the stock in a research report on Tuesday, February 27th. William Blair cut Snap One from an outperform rating to a market perform rating in a research report on Monday. Finally, Truist Financial reissued a hold rating and issued a $10.75 price target (down from $12.00) on shares of Snap One in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Snap One presently has an average rating of Hold and a consensus target price of $11.05.

Snap One Stock Down 0.1 %

NASDAQ SNPO opened at $10.58 on Tuesday. 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 stock has a market capitalization of $809.79 million, a PE ratio of -37.78 and a beta of 1.27. Snap One has a 1 year low of $6.70 and a 1 year high of $12.06. The business’s 50-day moving average is $8.51 and its 200 day moving average is $8.35.

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, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $264.39 million for the quarter, compared to analysts’ expectations of $267.62 million. Snap One had a positive return on equity of 2.77% and a negative net margin of 2.01%. Sell-side analysts forecast that Snap One will post 0.38 earnings per share for the current year.

Hedge Funds Weigh In On Snap One

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings 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 acquiring an additional 4,072 shares during the last quarter. Citigroup Inc. raised its holdings in Snap One by 1,447.8% in 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 raised its holdings in Snap One by 411.2% in 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 raised its holdings in Snap One by 2,779.6% in 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. raised its holdings 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 acquiring an additional 1,672 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

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.