Snap One (NASDAQ:SNPO) Sees Unusually-High Trading Volume

Snap One Holdings Corp. (NASDAQ:SNPO) shares saw unusually-high trading volume on Tuesday . Approximately 567,345 shares changed hands during trading, an increase of 501% from the previous session’s volume of 94,341 shares.The stock last traded at $10.56 and had previously closed at $10.54.

Analyst Upgrades and Downgrades

SNPO has been the topic of a number of research reports. Jefferies Financial Group restated a “hold” rating and set a $10.75 price objective (up previously from $10.00) on shares of Snap One in a research report on Tuesday. UBS Group lowered their price objective on Snap One from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Truist Financial reiterated a “hold” rating and set a $10.75 target price (down from $12.00) on shares of Snap One in a research report on Tuesday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $10.75 price target (down from $11.00) on shares of Snap One in a research report on Tuesday. Finally, William Blair downgraded shares of Snap One from an “outperform” rating to a “market perform” rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.05.

Snap One Stock Up 0.5 %

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 business’s 50 day moving average is $8.47 and its two-hundred day moving average is $8.33.

Snap One (NASDAQ:SNPO) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The firm 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, research analysts predict that Snap One Holdings Corp. will post 0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Snap One

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Snap One by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 872,518 shares of the company’s stock valued at $7,774,000 after acquiring an additional 16,374 shares in the last quarter. Virtu Financial LLC bought a new stake in Snap One in the fourth quarter valued at $94,000. Barclays PLC raised its holdings in shares of Snap One by 328.1% during the fourth quarter. Barclays PLC now owns 28,944 shares of the company’s stock valued at $258,000 after purchasing an additional 22,183 shares during the period. UBS Group AG boosted its position in shares of Snap One by 18.5% during the 4th quarter. UBS Group AG now owns 23,222 shares of the company’s stock worth $207,000 after purchasing an additional 3,626 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of Snap One by 5.3% during the 4th quarter. First Eagle Investment Management LLC now owns 184,211 shares of the company’s stock worth $1,641,000 after purchasing an additional 9,240 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

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.