Snap One (NASDAQ:SNPO) Stock Price Down 5.1%

Snap One Holdings Corp. (NASDAQ:SNPO - Get Free Report)'s stock price traded down 5.1% during trading on Thursday . The company traded as low as $9.40 and last traded at $9.40. 4,832 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 34,356 shares. The stock had previously closed at $9.91.

Wall Street Analyst Weigh In

Separately, UBS Group dropped their price objective on Snap One from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, February 27th.

Snap One Stock Down 3.6 %

The business has a fifty day moving average of $8.25 and a 200 day moving average of $8.31. The stock has a market cap of $729.65 million, a price-to-earnings ratio of -34.11 and a beta of 1.27. 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 (NASDAQ:SNPO - Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $264.39 million during 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 predict that Snap One Holdings Corp. will post 0.38 earnings per share for the current year.

Institutional Investors Weigh In On Snap One

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in Snap One by 533.0% during the fourth quarter. Barclays PLC now owns 4,836 shares of the company's stock worth $35,000 after purchasing an additional 4,072 shares during the period. Citigroup Inc. boosted its position in shares of Snap One by 1,447.8% in the second quarter. Citigroup Inc. now owns 5,928 shares of the company's stock valued at $69,000 after acquiring an additional 5,545 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Snap One by 411.2% in the third quarter. Tower Research Capital LLC TRC now owns 6,001 shares of the company's stock valued at $55,000 after acquiring an additional 4,827 shares during the period. UBS Group AG boosted its position in shares of Snap One by 2,779.6% in the fourth quarter. UBS Group AG now owns 7,890 shares of the company's stock valued at $58,000 after acquiring an additional 7,616 shares during the period. Finally, American International Group Inc. boosted its position in shares of Snap One by 23.3% in the first quarter. American International Group Inc. now owns 8,839 shares of the company's stock valued at $130,000 after acquiring an additional 1,672 shares during the period. 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.