William Blair Downgrades Snap One (NASDAQ:SNPO) to Market Perform

Snap One (NASDAQ:SNPO - Get Free Report) was downgraded by equities researchers at William Blair from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports.

Separately, UBS Group decreased their price target on shares of Snap One from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $11.33.

Snap One Price Performance

Shares of NASDAQ SNPO opened at $10.54 on Monday. The business's fifty day simple moving average is $8.37 and its 200-day simple moving average is $8.31. 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 - Get Free Report) last posted 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 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. As a group, equities research analysts expect that Snap One will post 0.38 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SNPO. Vanguard Group Inc. raised its position in shares of Snap One by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 872,518 shares of the company's stock worth $7,774,000 after acquiring an additional 16,374 shares in the last quarter. Virtu Financial LLC acquired a new stake in Snap One during the fourth quarter worth approximately $94,000. Barclays PLC raised its holdings in Snap One by 328.1% during the fourth quarter. Barclays PLC now owns 28,944 shares of the company's stock worth $258,000 after purchasing an additional 22,183 shares in the last quarter. UBS Group AG lifted its position in shares of Snap One by 18.5% during the 4th quarter. UBS Group AG now owns 23,222 shares of the company's stock worth $207,000 after buying an additional 3,626 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Snap One by 5.3% in the 4th quarter. First Eagle Investment Management LLC now owns 184,211 shares of the company's stock valued at $1,641,000 after buying an additional 9,240 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.