Snap One (NASDAQ:SNPO) Receives Hold Rating from Truist Financial

Truist Financial reaffirmed their hold rating on shares of Snap One (NASDAQ:SNPO) in a research note issued to investors on Tuesday morning, Benzinga reports. Truist Financial currently has a $10.75 target price on the stock, down from their previous target price of $12.00.

Several other equities analysts have also recently commented on the stock. UBS Group reduced their price objective on shares of Snap One from $14.00 to $12.00 and set a buy rating for the company in a research note on Tuesday, February 27th. William Blair cut shares of Snap One from an outperform rating to a market perform rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average price target of $11.13.

Snap One Price Performance

SNPO opened at $10.54 on Tuesday. The company has a market capitalization of $806.73 million, a price-to-earnings ratio of -37.64 and a beta of 1.27. The company has a quick ratio of 0.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $8.42 and a 200-day moving average price of $8.32. Snap One has a twelve month low of $6.70 and a twelve month high of $12.06.

Snap One (NASDAQ:SNPO) last posted its earnings results on Thursday, March 7th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $264.39 million during 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%. Equities analysts expect that Snap One will post 0.38 EPS for the current year.

Hedge Funds Weigh In On Snap One

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp grew its stake in Snap One by 6.0% in the 2nd quarter. Stifel Financial Corp now owns 17,783 shares of the company’s stock worth $207,000 after buying an additional 1,005 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Snap One by 8.5% in the 4th quarter. JPMorgan Chase & Co. now owns 17,892 shares of the company’s stock worth $133,000 after buying an additional 1,407 shares in the last quarter. Sei Investments Co. grew its stake in Snap One by 6.9% in the 4th quarter. Sei Investments Co. now owns 22,325 shares of the company’s stock worth $165,000 after buying an additional 1,432 shares in the last quarter. American International Group Inc. grew its stake in Snap One by 23.3% in the 1st quarter. American International Group Inc. now owns 8,839 shares of the company’s stock worth $130,000 after buying an additional 1,672 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Snap One by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 51,442 shares of the company’s stock worth $475,000 after buying an additional 1,771 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Snap One Company Profile

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.