Snap One (NASDAQ:SNPO) Trading 7.1% Higher

Snap One Holdings Corp. (NASDAQ:SNPO - Get Free Report) shares rose 7.1% during mid-day trading on Monday . The stock traded as high as $9.25 and last traded at $9.23. Approximately 19,803 shares were traded during trading, a decline of 40% from the average daily volume of 33,224 shares. The stock had previously closed at $8.62.

Wall Street Analyst Weigh In

Separately, UBS Group reduced their price target on shares of Snap One from $14.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, February 27th.

Snap One Stock Performance

The firm has a market cap of $757.12 million, a price-to-earnings ratio of -35.36 and a beta of 1.27. The firm's 50 day moving average is $8.15 and its 200-day moving average is $8.27. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.79 and a current ratio of 2.40.

Snap One (NASDAQ:SNPO - Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. Snap One had a positive return on equity of 2.77% and a negative net margin of 2.01%. The company had revenue of $264.39 million for the quarter, compared to analyst estimates of $267.62 million. Sell-side analysts anticipate that Snap One Holdings Corp. will post 0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Snap One

A number of institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its holdings in Snap One by 6.0% during the second quarter. Stifel Financial Corp now owns 17,783 shares of the company's stock valued at $207,000 after purchasing an additional 1,005 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Snap One by 8.5% in the 4th quarter. JPMorgan Chase & Co. now owns 17,892 shares of the company's stock worth $133,000 after acquiring an additional 1,407 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Snap One by 6.9% in the 4th quarter. Sei Investments Co. now owns 22,325 shares of the company's stock worth $165,000 after acquiring an additional 1,432 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Snap One by 23.3% in the 1st quarter. American International Group Inc. now owns 8,839 shares of the company's stock worth $130,000 after acquiring an additional 1,672 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Snap One by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 51,442 shares of the company's stock worth $475,000 after acquiring an additional 1,771 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

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.