Snap One Holdings Corp. (NASDAQ:SNPO) Insider Jefferson Dungan Purchases 10,000 Shares

Snap One Holdings Corp. (NASDAQ:SNPOGet Rating) insider Jefferson Dungan bought 10,000 shares of Snap One stock in a transaction on Tuesday, May 24th. The shares were purchased at an average price of $10.25 per share, for a total transaction of $102,500.00. Following the acquisition, the insider now directly owns 10,000 shares in the company, valued at approximately $102,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ SNPO traded up $1.37 during midday trading on Wednesday, hitting $11.66. 7,032 shares of the stock traded hands, compared to its average volume of 120,933. The firm has a 50-day moving average of $13.59 and a two-hundred day moving average of $17.68. The firm has a market capitalization of $884.74 million and a P/E ratio of -23.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 2.12. Snap One Holdings Corp. has a one year low of $9.32 and a one year high of $24.50.

Snap One (NASDAQ:SNPOGet Rating) last announced its earnings results on Tuesday, March 22nd. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). Snap One had a positive return on equity of 4.89% and a negative net margin of 3.06%. The company had revenue of $273.49 million during the quarter, compared to the consensus estimate of $261.27 million. Equities analysts forecast that Snap One Holdings Corp. will post 0.72 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of SNPO. Indaba Capital Management L.P. purchased a new position in shares of Snap One during the third quarter valued at about $50,010,000. BlackRock Inc. bought a new stake in Snap One in the third quarter worth about $9,728,000. Summit Creek Advisors LLC bought a new stake in Snap One in the fourth quarter worth about $9,971,000. Brookfield Asset Management Inc. bought a new stake in Snap One in the third quarter worth about $4,168,000. Finally, Geode Capital Management LLC bought a new stake in Snap One in the third quarter worth about $3,964,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

SNPO has been the topic of several recent research reports. Truist Financial cut their price target on Snap One from $21.00 to $18.00 and set a “na” rating on the stock in a research note on Monday, May 16th. JPMorgan Chase & Co. cut their price target on Snap One from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 23rd. Zacks Investment Research upgraded Snap One from a “sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Morgan Stanley cut 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. Finally, UBS Group lowered their price objective on Snap One from $24.00 to $19.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Snap One presently has an average rating of “Buy” and a consensus price target of $21.38.

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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