Snap One (NASDAQ:SNPO) Earns “Hold” Rating from Jefferies Financial Group

Snap One (NASDAQ:SNPO)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Financial Group in a research note issued on Tuesday, Benzinga reports. They presently have a $10.75 target price on the stock, up from their previous target price of $10.00. Jefferies Financial Group’s price target points to a potential upside of 1.80% from the company’s current price.

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

Snap One Stock Up 0.2 %

Shares of SNPO traded up $0.02 during midday trading on Tuesday, hitting $10.56. The company had a trading volume of 230,510 shares, compared to its average volume of 118,023. The company’s 50-day simple moving average is $8.42 and its 200-day simple moving average is $8.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.79 and a current ratio of 2.40. Snap One has a 1 year low of $6.70 and a 1 year high of $12.06. The firm has a market capitalization of $808.26 million, a P/E ratio of -37.71 and a beta of 1.27.

Snap One (NASDAQ:SNPO) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Snap One had a negative net margin of 2.01% and a positive return on equity of 2.77%. The company had revenue of $264.39 million during the quarter, compared to the consensus estimate of $267.62 million. As a group, sell-side analysts expect that Snap One will post 0.38 EPS for the current year.

Institutional Inflows and Outflows

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

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.