Snap One Holdings Corp. (NASDAQ:SNPO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Snap One Holdings Corp. (NASDAQ:SNPOGet Rating) has received an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $21.38.

A number of research analysts have recently issued reports on SNPO shares. UBS Group cut their price objective on shares of Snap One from $24.00 to $19.00 and set a “na” rating on the stock in a research report on Wednesday, May 18th. Truist Financial cut their price objective on shares of Snap One from $21.00 to $18.00 and set a “na” rating on the stock in a research report on Monday, May 16th.

Snap One Stock Down 0.9 %

Shares of Snap One stock opened at $11.55 on Tuesday. The firm’s 50 day moving average price is $11.02 and its 200-day moving average price is $14.57. The company has a quick ratio of 0.69, a current ratio of 2.12 and a debt-to-equity ratio of 0.65. Snap One has a 52-week low of $8.90 and a 52-week high of $24.50. The company has a market cap of $876.39 million and a P/E ratio of -24.57.

Snap One (NASDAQ:SNPOGet Rating) last issued its quarterly earnings data on Thursday, May 12th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. Snap One had a negative net margin of 3.06% and a positive return on equity of 4.89%. The firm had revenue of $277.43 million for the quarter, compared to the consensus estimate of $255.06 million. On average, sell-side analysts predict that Snap One will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Snap One

In other Snap One news, CEO John H. Heyman acquired 5,000 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was acquired at an average cost of $10.90 per share, for a total transaction of $54,500.00. Following the purchase, the chief executive officer now owns 1,567,579 shares in the company, valued at approximately $17,086,611.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Snap One news, insider Jefferson Dungan acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, May 24th. The stock was acquired at an average cost of $10.25 per share, for a total transaction of $102,500.00. Following the purchase, the insider now owns 10,000 shares in the company, valued at approximately $102,500. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John H. Heyman acquired 5,000 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were acquired at an average price of $10.90 per share, with a total value of $54,500.00. Following the completion of the purchase, the chief executive officer now owns 1,567,579 shares in the company, valued at approximately $17,086,611.10. The disclosure for this purchase can be found here. Company insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Snap One

Several institutional investors have recently made changes to their positions in the company. Amalgamated Bank purchased a new position in shares of Snap One during the 1st quarter valued at approximately $28,000. California State Teachers Retirement System increased its holdings in Snap One by 9.7% in the 1st quarter. California State Teachers Retirement System now owns 22,199 shares of the company’s stock worth $327,000 after acquiring an additional 1,961 shares in the last quarter. State Street Corp increased its holdings in Snap One by 8.4% in the 1st quarter. State Street Corp now owns 381,258 shares of the company’s stock worth $5,624,000 after acquiring an additional 29,596 shares in the last quarter. Invesco Ltd. purchased a new stake in Snap One in the 1st quarter worth $262,000. Finally, Northern Trust Corp increased its holdings in Snap One by 13.0% in the 1st quarter. Northern Trust Corp now owns 174,464 shares of the company’s stock worth $2,573,000 after acquiring an additional 20,041 shares in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Snap One (NASDAQ:SNPO)

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