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, Benzinga reports. Truist Financial currently has a $10.75 price objective on the stock, down from their prior price objective of $12.00.

SNPO has been the subject of a number of other reports. UBS Group reduced their price target on shares of Snap One from $14.00 to $12.00 and set a buy rating for the company in a research report on Tuesday, February 27th. William Blair lowered shares of Snap One from an outperform rating to a market perform rating in a research note on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Snap One presently has a consensus rating of Hold and a consensus price target of $11.05.

Snap One Trading Down 0.2 %

Snap One stock opened at $10.56 on Tuesday. The company has a 50 day moving average price of $8.56 and a 200 day moving average price of $8.36. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.79 and a current ratio of 2.40. Snap One has a 52 week low of $6.70 and a 52 week high of $12.06. The firm has a market capitalization of $808.26 million, a price-to-earnings ratio of -37.71 and a beta of 1.27.

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

Institutional Trading of Snap One

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Snap One by 5.2% during the second quarter. BlackRock Inc. now owns 1,033,543 shares of the company’s stock worth $12,041,000 after purchasing an additional 51,284 shares during the period. Vanguard Group Inc. boosted its stake in Snap One by 29.6% in the 1st quarter. Vanguard Group Inc. now owns 895,348 shares of the company’s stock valued at $13,206,000 after buying an additional 204,692 shares in the last quarter. Summit Creek Advisors LLC lifted its holdings in shares of Snap One by 0.4% during the third quarter. Summit Creek Advisors LLC now owns 493,030 shares of the company’s stock valued at $4,556,000 after acquiring an additional 2,179 shares during the period. Geode Capital Management LLC grew its holdings in shares of Snap One by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 402,836 shares of the company’s stock worth $4,693,000 after purchasing an additional 11,373 shares during the last quarter. Finally, State Street Corp lifted its holdings in Snap One by 3.0% during the 3rd quarter. State Street Corp now owns 390,891 shares of the company’s stock valued at $3,964,000 after purchasing an additional 11,444 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

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.