Snap One (NASDAQ:SNPO) Stock Rating Reaffirmed by Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of Snap One (NASDAQ:SNPO) in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a $10.75 price objective on the stock, up from their prior price objective of $10.00.

Several other research analysts also recently commented on SNPO. UBS Group decreased their price target on shares of Snap One from $14.00 to $12.00 and set a buy rating on the stock in a research note 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 note on Tuesday. 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 note on Tuesday. Finally, William Blair downgraded shares of Snap One from an outperform rating to a market perform rating in a research note on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Snap One currently has a consensus rating of Hold and a consensus target price of $11.05.

Snap One Price Performance

NASDAQ SNPO opened at $10.56 on Tuesday. The company has a market cap of $808.26 million, a PE ratio of -37.71 and a beta of 1.27. Snap One has a 52 week low of $6.70 and a 52 week high of $12.06. The company has a quick ratio of 0.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.65. The firm’s 50-day simple moving average is $8.56 and its two-hundred day simple moving average is $8.36.

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

Institutional Trading of Snap One

A number of hedge funds have recently modified their holdings of SNPO. Barclays PLC raised its position in Snap One by 533.0% in the 4th quarter. Barclays PLC now owns 4,836 shares of the company’s stock worth $35,000 after buying an additional 4,072 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Snap One by 411.2% during the 3rd 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 during the last quarter. UBS Group AG increased its position in shares of Snap One by 2,779.6% during the 4th 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 during the last quarter. Citigroup Inc. increased its position in shares of Snap One by 1,447.8% during the 2nd quarter. Citigroup Inc. now owns 5,928 shares of the company’s stock valued at $69,000 after purchasing an additional 5,545 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Snap One during the 4th quarter valued at about $86,000. Institutional investors own 92.67% of the company’s stock.

Snap One Company Profile

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.