Snap One Holdings Corp. (NASDAQ:SNPO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Snap One Holdings Corp. (NASDAQ:SNPO) have earned an average recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $11.05.

A number of equities research analysts have issued reports on SNPO shares. William Blair lowered shares of Snap One from an “outperform” rating to a “market perform” rating in a report on Monday, April 15th. Jefferies Financial Group reissued a “hold” rating and issued a $10.75 price objective (up from $10.00) on shares of Snap One in a research report on Tuesday, April 16th. Truist Financial reaffirmed a “hold” rating and issued a $10.75 target price (down from $12.00) on shares of Snap One in a research 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 research report on Tuesday, April 16th.

Hedge Funds Weigh In On Snap One

Several institutional investors and hedge funds have recently bought and sold shares of SNPO. SG Americas Securities LLC purchased a new position in shares of Snap One in the fourth quarter valued at $92,000. Virtu Financial LLC boosted its stake in Snap One by 18.1% during the 1st quarter. Virtu Financial LLC now owns 12,446 shares of the company’s stock valued at $107,000 after acquiring an additional 1,910 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Snap One by 5.3% during the 4th quarter. First Eagle Investment Management LLC now owns 184,211 shares of the company’s stock valued at $1,641,000 after acquiring an additional 9,240 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Snap One by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 886,171 shares of the company’s stock valued at $7,639,000 after acquiring an additional 13,653 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Snap One Price Performance

SNPO stock opened at $10.75 on Friday. The stock has a market capitalization of $822.76 million, a P/E ratio of -27.56 and a beta of 1.10. The firm has a 50-day simple moving average of $10.67 and a 200-day simple moving average of $9.34. The company has a quick ratio of 0.77, a current ratio of 2.48 and a debt-to-equity ratio of 0.67. Snap One has a 52 week low of $6.70 and a 52 week high of $12.06.

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

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.