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

Snap One Holdings Corp. (NASDAQ:SNPO - Get Free Report) has received an average recommendation of "Hold" from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $11.13.

A number of equities research analysts recently weighed in on the company. Truist Financial restated a "hold" rating and issued a $10.75 price target (down previously from $12.00) on shares of Snap One in a report on Tuesday. UBS Group dropped their price target 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. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $10.75 price objective (down from $11.00) on shares of Snap One in a research report on Tuesday. Finally, William Blair downgraded shares of Snap One from an "outperform" rating to a "market perform" rating in a report on Monday.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SNPO. BlackRock Inc. raised its holdings in Snap One by 5.2% during the second quarter. BlackRock Inc. now owns 1,033,543 shares of the company's stock worth $12,041,000 after acquiring an additional 51,284 shares in the last quarter. Vanguard Group Inc. lifted its stake in Snap One by 29.6% in the first quarter. Vanguard Group Inc. now owns 895,348 shares of the company's stock valued at $13,206,000 after acquiring an additional 204,692 shares during the last quarter. Summit Creek Advisors LLC grew its position in shares of Snap One by 0.4% in the 3rd quarter. Summit Creek Advisors LLC now owns 493,030 shares of the company's stock valued at $4,556,000 after acquiring an additional 2,179 shares during the period. Geode Capital Management LLC increased its stake in shares of Snap One by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 402,836 shares of the company's stock worth $4,693,000 after purchasing an additional 11,373 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Snap One by 3.0% in the 3rd quarter. State Street Corp now owns 390,891 shares of the company's stock valued at $3,964,000 after purchasing an additional 11,444 shares during the period. 92.67% of the stock is currently owned by institutional investors.

Snap One Stock Performance

NASDAQ:SNPO remained flat at $10.54 during trading hours on Tuesday. The company's stock had a trading volume of 2,186,152 shares, compared to its average volume of 116,599. Snap One has a 1 year low of $6.70 and a 1 year high of $12.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.40 and a quick ratio of 0.79. The company has a 50-day moving average price of $8.37 and a 200-day moving average price of $8.31. The firm has a market capitalization of $806.73 million, a P/E ratio of -37.64 and a beta of 1.27.

Snap One (NASDAQ:SNPO - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.07 earnings per share (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 business had revenue of $264.39 million during the quarter, compared to the consensus estimate of $267.62 million. As a group, analysts predict that Snap One will post 0.38 EPS for the current fiscal year.

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.