Snap One (NASDAQ:SNPO) Receives Hold Rating from Truist Financial

Snap One (NASDAQ:SNPO)‘s stock had its “hold” rating reiterated by research analysts at Truist Financial in a report issued on Tuesday, Benzinga reports. They currently have a $10.75 price target on the stock, down from their prior price target of $12.00. Truist Financial’s price target would indicate a potential upside of 1.51% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. UBS Group cut their price objective on Snap One from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. William Blair cut Snap One from an “outperform” rating to a “market perform” rating in a report on Monday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.05.

Snap One Stock Performance

Shares of NASDAQ SNPO opened at $10.59 on Tuesday. The business’s 50-day moving average price is $8.47 and its two-hundred day moving average price is $8.33. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.40 and a quick ratio of 0.79. Snap One has a one year low of $6.70 and a one year high of $12.06. The company has a market capitalization of $810.52 million, a P/E ratio of -37.82 and a beta of 1.27.

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

Hedge Funds Weigh In On Snap One

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC raised its position 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. Tower Research Capital LLC TRC raised its position in Snap One by 411.2% during the third quarter. Tower Research Capital LLC TRC now owns 6,001 shares of the company’s stock valued at $55,000 after purchasing an additional 4,827 shares in the last quarter. UBS Group AG raised its position in Snap One by 2,779.6% during the fourth quarter. UBS Group AG now owns 7,890 shares of the company’s stock valued at $58,000 after purchasing an additional 7,616 shares in the last quarter. Citigroup Inc. raised its position in Snap One by 1,447.8% during the second quarter. Citigroup Inc. now owns 5,928 shares of the company’s stock valued at $69,000 after purchasing an additional 5,545 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Snap One during the fourth quarter worth $86,000. Institutional investors own 92.67% of the company’s stock.

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.