Analysts Set Snap One Holdings Corp. (NASDAQ:SNPO) Price Target at $11.13

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

SNPO has been the topic of a number of research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $10.75 price target (down previously from $11.00) on shares of Snap One in a report on Tuesday. William Blair lowered Snap One from an “outperform” rating to a “market perform” rating in a research report on Monday. UBS Group cut their target price on Snap One from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. 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. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $10.75 target price (up from $10.00) on shares of Snap One in a research report on Tuesday.

Snap One Stock Performance

Shares of SNPO stock opened at $10.58 on Tuesday. The company has a market cap of $809.79 million, a price-to-earnings ratio of -37.78 and a beta of 1.27. The stock has a 50 day simple moving average of $8.51 and a 200-day simple moving average of $8.35. Snap One has a 12-month low of $6.70 and a 12-month high of $12.06. The company has a current ratio of 2.40, a quick ratio of 0.79 and a debt-to-equity ratio of 0.65.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SNPO. Swiss National Bank raised its position in Snap One by 7.5% in the first quarter. Swiss National Bank now owns 35,900 shares of the company’s stock valued at $530,000 after purchasing an additional 2,500 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Snap One by 41.8% during the first quarter. JPMorgan Chase & Co. now owns 12,268 shares of the company’s stock valued at $181,000 after acquiring an additional 3,618 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Snap One by 19.4% during the first quarter. Bank of New York Mellon Corp now owns 46,982 shares of the company’s stock valued at $693,000 after acquiring an additional 7,646 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Snap One by 57.0% during the first quarter. MetLife Investment Management LLC now owns 9,186 shares of the company’s stock valued at $135,000 after acquiring an additional 3,335 shares in the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of Snap One during the first quarter valued at about $200,000. 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.