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

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

Several other analysts also recently commented on SNPO. William Blair downgraded shares of Snap One from an outperform rating to a market perform rating in a report on Monday. Truist Financial reissued a hold rating and issued a $10.75 price objective (down previously from $12.00) on shares of Snap One in a report on Tuesday. UBS Group cut their price objective on shares of Snap One from $14.00 to $12.00 and set a buy rating for the company in a report on Tuesday, February 27th. Finally, 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 report on Tuesday. Five 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, Snap One has a consensus rating of Hold and a consensus price target of $11.05.

Snap One Stock Performance

Shares of Snap One stock traded up $0.05 during trading on Tuesday, hitting $10.59. 309,833 shares of the stock were exchanged, compared to its average volume of 118,650. The stock has a market capitalization of $810.56 million, a price-to-earnings ratio of -37.71 and a beta of 1.27. The company has a fifty day moving average price of $8.42 and a 200-day moving average price of $8.32. Snap One has a 1-year low of $6.70 and a 1-year high of $12.06. The company has a current ratio of 2.40, a quick ratio of 0.79 and a debt-to-equity ratio of 0.65.

Snap One (NASDAQ:SNPO) last announced its earnings results on Thursday, March 7th. The company reported $0.07 EPS 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 negative net margin of 2.01% and a positive return on equity of 2.77%. As a group, equities analysts predict that Snap One will post 0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Snap One

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Snap One during the fourth quarter worth $92,000. First Eagle Investment Management LLC lifted its stake in shares of Snap One by 3.2% in the third quarter. First Eagle Investment Management LLC now owns 174,971 shares of the company’s stock valued at $1,617,000 after buying an additional 5,487 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Snap One by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 51,442 shares of the company’s stock valued at $475,000 after buying an additional 1,771 shares in the last quarter. Summit Creek Advisors LLC lifted its stake in shares of Snap One by 0.4% in the third 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 in the last quarter. Finally, Invesco Ltd. bought a new position in shares of Snap One in the first quarter valued at $262,000. 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.