Snap One (NASDAQ:SNPO) Sees Strong Trading Volume

Snap One Holdings Corp. (NASDAQ:SNPO - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 191,382 shares were traded during trading, an increase of 31% from the previous session's volume of 146,122 shares.The stock last traded at $10.57 and had previously closed at $10.56.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SNPO shares. Truist Financial reissued a "hold" rating and set a $10.75 price target (down from $12.00) on shares of Snap One in a research note on Tuesday, April 16th. William Blair downgraded Snap One from an "outperform" rating to a "market perform" rating in a research note on Monday, April 15th. UBS Group decreased their price objective on Snap One from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, February 27th. JPMorgan Chase & Co. restated a "neutral" rating and set a $10.75 target price (down previously from $11.00) on shares of Snap One in a report on Tuesday, April 16th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $10.75 price target (up from $10.00) on shares of Snap One in a research note on Tuesday, April 16th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $11.05.

Snap One Stock Performance

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 stock has a 50-day moving average price of $8.56 and a 200 day moving average price of $8.35. The company has a market cap of $806.69 million, a price-to-earnings 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 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $264.39 million for the quarter, compared to the consensus estimate of $267.62 million. Snap One had a negative net margin of 2.01% and a positive return on equity of 2.77%. As a group, analysts anticipate that Snap One Holdings Corp. will post 0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Snap One

Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of Snap One by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 51,442 shares of the company's stock worth $475,000 after purchasing an additional 1,771 shares in the last quarter. Summit Creek Advisors LLC lifted its position in Snap One by 0.4% during the 3rd quarter. Summit Creek Advisors LLC now owns 493,030 shares of the company's stock worth $4,556,000 after buying an additional 2,179 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Snap One by 3.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 174,971 shares of the company's stock worth $1,617,000 after buying an additional 5,487 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Snap One in the 4th quarter valued at about $92,000. Institutional investors own 92.67% of the company's stock.

About Snap One

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.