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

Snap One Holdings Corp. (NASDAQ:SNPO) saw strong trading volume on Tuesday . 104,275 shares changed hands during mid-day trading, a decline of 37% from the previous session’s volume of 164,584 shares.The stock last traded at $10.60 and had previously closed at $10.60.

Analyst Ratings Changes

Several analysts have recently commented on the stock. William Blair cut shares of Snap One from an “outperform” rating to a “market perform” rating in a research note on Monday, April 15th. Truist Financial reissued a “hold” rating and issued a $10.75 target price (down previously from $12.00) on shares of Snap One in a report on Tuesday, April 16th. UBS Group cut their price target 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. Jefferies Financial Group reissued a “hold” rating and set a $10.75 price objective (up previously from $10.00) on shares of Snap One in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $10.75 target price (down from $11.00) on shares of Snap One in a report on Tuesday, April 16th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.05.

Snap One Trading Up 0.2 %

The stock has a market cap of $812.85 million, a price-to-earnings ratio of -37.86 and a beta of 1.11. The business has a fifty day simple moving average of $9.16 and a 200 day simple moving average of $8.52. 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 (NASDAQ:SNPO) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates 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 anticipate that Snap One Holdings Corp. will post 0.38 EPS for the current year.

Institutional Trading of Snap One

Several institutional investors have recently made changes to their positions in SNPO. Summit Creek Advisors LLC lifted its holdings in shares of Snap One by 0.4% during the 3rd quarter. Summit Creek Advisors LLC now owns 493,030 shares of the company’s stock valued at $4,556,000 after acquiring an additional 2,179 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Snap One by 2.5% in the first quarter. First Eagle Investment Management LLC now owns 188,795 shares of the company’s stock valued at $1,627,000 after buying an additional 4,584 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Snap One by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 51,442 shares of the company’s stock worth $475,000 after acquiring an additional 1,771 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Snap One in the fourth quarter valued at approximately $92,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

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.