Snap One (NASDAQ:SNPO) Receives Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Snap One (NASDAQ:SNPO - Free Report) in a report issued on Tuesday, Benzinga reports. The brokerage currently has a $10.75 target price on the stock, down from their prior target price of $11.00.

Several other equities analysts also recently weighed in on SNPO. UBS Group dropped their target price 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. William Blair cut Snap One from an outperform rating to a market perform rating in a research report on Monday. Finally, Truist Financial reissued a hold rating and issued a $10.75 price objective (down from $12.00) on shares of Snap One in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Snap One has a consensus rating of Hold and a consensus target price of $11.13.

Snap One Price Performance

SNPO stock remained flat at $10.54 during mid-day trading on Tuesday. The company's stock had a trading volume of 2,186,152 shares, compared to its average volume of 116,599. 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 has a 52 week low of $6.70 and a 52 week high of $12.06. The firm has a 50-day moving average of $8.37 and a 200 day moving average 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 earnings results on Thursday, March 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $264.39 million for the quarter, compared to analyst estimates of $267.62 million. Snap One had a negative net margin of 2.01% and a positive return on equity of 2.77%. On average, research analysts forecast that Snap One will post 0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Snap One

Several institutional investors and hedge funds have recently made changes to their positions in SNPO. Barclays PLC boosted its position in shares of Snap One by 533.0% in the fourth quarter. Barclays PLC now owns 4,836 shares of the company's stock worth $35,000 after acquiring an additional 4,072 shares during the last quarter. Tower Research Capital LLC TRC grew its stake 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 buying an additional 4,827 shares during the period. UBS Group AG increased its holdings 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 worth $58,000 after buying an additional 7,616 shares during the last quarter. Citigroup Inc. boosted its holdings in 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 last quarter. Finally, Jane Street Group LLC acquired a new stake in Snap One during the fourth quarter worth about $86,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

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.