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

Snap One (NASDAQ:SNPO)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Financial Group in a report issued on Tuesday, Benzinga reports. They presently have a $10.75 price target on the stock, up from their prior price target of $10.00. Jefferies Financial Group’s price objective indicates a potential upside of 1.51% from the stock’s current price.

A number of other equities research analysts have also weighed in on SNPO. UBS Group reduced their target price 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. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $10.75 price objective (down previously from $11.00) on shares of Snap One in a research note on Tuesday. William Blair lowered 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 previously from $12.00) on shares of Snap One in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.05.

Snap One Stock Performance

Shares of Snap One stock opened at $10.59 on Tuesday. The company’s 50 day moving average price is $8.47 and its two-hundred day moving average price is $8.33. The firm has a market capitalization of $810.52 million, a P/E ratio of -37.82 and a beta of 1.27. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.40 and a quick ratio of 0.79. Snap One has a fifty-two week low of $6.70 and a fifty-two week high of $12.06.

Snap One (NASDAQ:SNPO) last posted its earnings results on Thursday, March 7th. The company reported $0.07 EPS for the quarter, beating the consensus estimate 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, equities analysts forecast that Snap One will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of Snap One

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Snap One during the fourth quarter worth approximately $92,000. First Eagle Investment Management LLC lifted its position in shares of Snap One by 3.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 174,971 shares of the company’s stock valued at $1,617,000 after acquiring an additional 5,487 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Snap One by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 51,442 shares of the company’s stock worth $475,000 after purchasing an additional 1,771 shares in the last quarter. Summit Creek Advisors LLC grew its stake in shares of Snap One by 0.4% in the 3rd quarter. Summit Creek Advisors LLC now owns 493,030 shares of the company’s stock valued at $4,556,000 after buying an additional 2,179 shares during the period. Finally, Deutsche Bank AG increased its position in Snap One by 41.2% in the 1st quarter. Deutsche Bank AG now owns 10,831 shares of the company’s stock valued at $101,000 after buying an additional 3,163 shares in the last quarter. 92.67% of the stock is currently 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.