Snap One (NASDAQ:SNPO) Shares Gap Down to $9.19

Snap One Holdings Corp. (NASDAQ:SNPOGet Rating)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $9.19, but opened at $8.86. Snap One shares last traded at $8.95, with a volume of 13,746 shares traded.

Analyst Ratings Changes

Separately, BMO Capital Markets lowered their price target on Snap One from $12.00 to $11.00 in a report on Wednesday, April 12th.

Snap One Stock Performance

The company has a market capitalization of $653.97 million, a P/E ratio of -31.78 and a beta of 1.21. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.66 and a current ratio of 2.51. The business’s fifty day simple moving average is $9.26 and its 200-day simple moving average is $9.22.

Snap One (NASDAQ:SNPOGet Rating) last issued its earnings results on Tuesday, March 14th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. Snap One had a positive return on equity of 3.41% and a negative net margin of 1.91%. The firm had revenue of $268.24 million for the quarter, compared to analysts’ expectations of $251.48 million. As a group, equities analysts anticipate that Snap One Holdings Corp. will post 0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC raised its stake in Snap One by 533.0% during the fourth quarter. Barclays PLC now owns 4,836 shares of the company’s stock valued at $35,000 after purchasing an additional 4,072 shares in the last quarter. UBS Group AG lifted its holdings in shares of Snap One by 2,779.6% in the 4th quarter. UBS Group AG now owns 7,890 shares of the company’s stock valued at $58,000 after acquiring an additional 7,616 shares during the last quarter. Jane Street Group LLC bought a new stake in Snap One during the fourth quarter worth approximately $86,000. Deutsche Bank AG increased its stake in Snap One by 41.2% during the first quarter. Deutsche Bank AG now owns 10,831 shares of the company’s stock worth $101,000 after acquiring an additional 3,163 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Snap One by 80.0% during the fourth quarter. New York State Common Retirement Fund now owns 14,169 shares of the company’s stock valued at $105,000 after purchasing an additional 6,297 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Snap One Company Profile

(Get Rating)

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.

Further Reading

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