Snap One Holdings Corp. (NASDAQ:SNPO) Receives $11.05 Average PT from Analysts

Shares of Snap One Holdings Corp. (NASDAQ:SNPO) have earned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $11.05.

SNPO has been the topic of several analyst reports. Truist Financial reaffirmed a “hold” rating and issued a $10.75 price target (down from $12.00) on shares of Snap One in a report on Tuesday, April 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $10.75 price target (down from $11.00) on shares of Snap One in a report on Tuesday, April 16th. William Blair lowered shares of Snap One from an “outperform” rating to a “market perform” rating in a report on Monday, April 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $10.75 price target (up from $10.00) on shares of Snap One in a report on Tuesday, April 16th.

Snap One Stock Performance

Shares of NASDAQ:SNPO opened at $10.75 on Friday. The company has a market capitalization of $822.76 million, a price-to-earnings ratio of -27.56 and a beta of 1.10. Snap One has a 52 week low of $6.70 and a 52 week high of $12.06. The company has a quick ratio of 0.77, a current ratio of 2.48 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average of $10.69 and a 200 day moving average of $9.39.

Snap One (NASDAQ:SNPO) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.21). The business had revenue of $246.08 million during the quarter, compared to the consensus estimate of $250.89 million. Snap One had a positive return on equity of 1.22% and a negative net margin of 2.82%. On average, sell-side analysts predict that Snap One will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Snap One

A number of large investors have recently made changes to their positions in SNPO. SG Americas Securities LLC purchased a new stake in shares of Snap One during the fourth quarter valued at $92,000. Virtu Financial LLC lifted its position in Snap One by 18.1% during the first quarter. Virtu Financial LLC now owns 12,446 shares of the company’s stock valued at $107,000 after purchasing an additional 1,910 shares during the period. First Eagle Investment Management LLC lifted its position in Snap One by 2.5% during the first quarter. First Eagle Investment Management LLC now owns 188,795 shares of the company’s stock valued at $1,627,000 after purchasing an additional 4,584 shares during the period. Finally, Vanguard Group Inc. lifted its position in Snap One by 1.6% during the first quarter. Vanguard Group Inc. now owns 886,171 shares of the company’s stock valued at $7,639,000 after purchasing an additional 13,653 shares during the period. 92.67% of the stock is 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.