Snap One (NASDAQ:SNPO) Receives “Neutral” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Snap One (NASDAQ:SNPO) in a report published on Tuesday morning, Benzinga reports. They currently have a $10.75 price objective on the stock, down from their prior price objective of $11.00.

SNPO has been the topic of a number of other reports. Truist Financial restated a hold rating and set a $10.75 price target (down from $12.00) on shares of Snap One in a research report on Tuesday. William Blair downgraded shares of Snap One from an outperform rating to a market perform rating in a research report on Monday. Finally, UBS Group dropped their price target on shares of Snap One from $14.00 to $12.00 and set a buy rating on the stock in a research report on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Snap One presently has a consensus rating of Hold and an average price target of $11.13.

Snap One Stock Performance

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

Snap One (NASDAQ:SNPO) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $264.39 million for 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%. On average, equities analysts forecast that Snap One will post 0.38 earnings per share for the current year.

Hedge Funds Weigh In On Snap One

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Snap One in the 4th quarter worth approximately $92,000. First Eagle Investment Management LLC grew its stake in shares of Snap One by 3.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 174,971 shares of the company’s stock worth $1,617,000 after purchasing an additional 5,487 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 purchasing an additional 1,771 shares during the last quarter. Summit Creek Advisors LLC grew its stake in shares of Snap One by 0.4% in the 3rd quarter. Summit Creek Advisors LLC now owns 493,030 shares of the company’s stock worth $4,556,000 after purchasing an additional 2,179 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Snap One by 41.2% in the 1st quarter. Deutsche Bank AG now owns 10,831 shares of the company’s stock worth $101,000 after purchasing an additional 3,163 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

About Snap One

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.