Snap One Holdings Corp. (NASDAQ:SNPO) Short Interest Update

Snap One Holdings Corp. (NASDAQ:SNPO – Get Rating) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,280,000 shares, a drop of 17.9% from the March 31st total of 1,560,000 shares. Based on an average daily volume of 135,000 shares, the short-interest ratio is presently 9.5 days. Currently, 7.3% of the company’s stock are short sold.

NASDAQ SNPO opened at $12.39 on Wednesday. Snap One has a 12 month low of $11.41 and a 12 month high of $24.50. The company has a current ratio of 2.24, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $15.86.

Snap One (NASDAQ:SNPO – Get Rating) last released its earnings results on Tuesday, March 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The business had revenue of $273.49 million for the quarter, compared to the consensus estimate of $261.27 million. Sell-side analysts predict that Snap One will post 0.74 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. bought a new position in shares of Snap One during the 3rd quarter valued at $25,000. Royal Bank of Canada bought a new position in Snap One in the 3rd quarter worth $25,000. Advisor Group Holdings Inc. raised its holdings in Snap One by 855.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,865 shares of the company’s stock worth $60,000 after acquiring an additional 2,565 shares during the period. Metropolitan Life Insurance Co NY bought a new position in Snap One in the 3rd quarter worth $74,000. Finally, SG Americas Securities LLC bought a new position in Snap One in the 3rd quarter worth $104,000. Institutional investors own 93.11% of the company’s stock.

SNPO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on Snap One from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 23rd. Zacks Investment Research raised Snap One from a “sell” rating to a “hold” rating in a report on Saturday. Truist Financial decreased their price target on Snap One from $25.00 to $21.00 in a research note on Friday, March 25th. Finally, Morgan Stanley decreased their price target on Snap One from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 23rd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $22.38.

Snap One Company Profile (Get Rating)

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.

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