Snap One (NASDAQ:SNPO) Rating Reiterated by Jefferies Financial Group

Snap One (NASDAQ:SNPO)‘s stock had its “hold” rating restated by Jefferies Financial Group in a note issued to investors on Tuesday, Benzinga reports. They presently have a $10.75 price target on the stock, up from their previous price target of $10.00. Jefferies Financial Group’s target price indicates a potential upside of 1.51% from the stock’s current price.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $10.75 price target (down previously from $11.00) on shares of Snap One in a research note on Tuesday. William Blair cut shares of Snap One from an “outperform” rating to a “market perform” rating in a research report on Monday. Truist Financial reiterated a “hold” rating and issued a $10.75 price target (down from $12.00) on shares of Snap One in a research report on Tuesday. Finally, UBS Group cut their price objective on Snap One from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Snap One currently has an average rating of “Hold” and an average target price of $11.05.

Snap One Trading Up 0.5 %

Shares of Snap One stock opened at $10.59 on Tuesday. The company has a 50-day moving average of $8.47 and a two-hundred day moving average of $8.33. The stock has a market cap of $810.52 million, a PE ratio of -37.82 and a beta of 1.27. The company has a current ratio of 2.40, a quick ratio of 0.79 and a debt-to-equity ratio of 0.65. Snap One has a 12-month low of $6.70 and a 12-month high of $12.06.

Snap One (NASDAQ:SNPO) last released 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 during the quarter, compared to the consensus estimate of $267.62 million. Snap One had a positive return on equity of 2.77% and a negative net margin of 2.01%. On average, research analysts anticipate that Snap One will post 0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Snap One

Hedge funds have recently modified their holdings of the company. Swiss National Bank lifted its stake in shares of Snap One by 7.5% during the first quarter. Swiss National Bank now owns 35,900 shares of the company’s stock valued at $530,000 after buying an additional 2,500 shares during the period. JPMorgan Chase & Co. grew its stake in Snap One by 41.8% in the 1st quarter. JPMorgan Chase & Co. now owns 12,268 shares of the company’s stock worth $181,000 after acquiring an additional 3,618 shares during the period. Bank of New York Mellon Corp raised its holdings in Snap One by 19.4% in the 1st quarter. Bank of New York Mellon Corp now owns 46,982 shares of the company’s stock valued at $693,000 after acquiring an additional 7,646 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Snap One by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 9,186 shares of the company’s stock worth $135,000 after purchasing an additional 3,335 shares during the period. Finally, Rhumbline Advisers purchased a new stake in shares of Snap One in the first quarter valued at $200,000. 92.67% of the stock is owned by institutional investors and hedge funds.

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.