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

Snap One Holdings Corp. (NASDAQ:SNPO – Get Rating) insider Jefferson Dungan acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The shares were bought at an average price of $10.25 per share, with a total value of $102,500.00. Following the acquisition, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $102,500. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NASDAQ:SNPO opened at $11.59 on Thursday. The company has a 50 day moving average of $13.45 and a 200 day moving average of $17.64. The stock has a market cap of $879.43 million and a P/E ratio of -24.66. Snap One Holdings Corp. has a 12 month low of $9.32 and a 12 month high of $24.50. The company has a current ratio of 2.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65.

Snap One (NASDAQ:SNPO – Get Rating) last issued its quarterly earnings data on Tuesday, March 22nd. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). Snap One had a negative net margin of 3.06% and a positive return on equity of 4.89%. The firm had revenue of $273.49 million for the quarter, compared to analysts’ expectations of $261.27 million. On average, equities analysts forecast that Snap One Holdings Corp. will post 0.72 earnings per share for the current fiscal year.

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Snap One from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, March 23rd. Zacks Investment Research upgraded shares of Snap One from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. UBS Group reduced their target price on shares of Snap One from $24.00 to $19.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. Morgan Stanley reduced their target price on shares of Snap One from $22.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 23rd. Finally, Truist Financial reduced their target price on shares of Snap One from $21.00 to $18.00 and set a “na” rating for the company in a research note on Monday, May 16th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Snap One has a consensus rating of “Buy” and a consensus price target of $21.38.

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC bought a new stake in Snap One during the third quarter valued at approximately $3,964,000. New York State Common Retirement Fund bought a new stake in Snap One during the fourth quarter valued at approximately $228,000. Russell Investments Group Ltd. bought a new stake in Snap One during the fourth quarter valued at approximately $668,000. Laurion Capital Management LP purchased a new position in shares of Snap One during the third quarter worth approximately $757,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Snap One in the 3rd quarter valued at $104,000. Institutional investors and hedge funds own 93.11% of the company’s stock.

About Snap One (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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