Snap One’s (SNPO) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Snap One (NASDAQ:SNPO) in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a $10.75 target price on the stock, down from their previous target price of $11.00.

Other equities research analysts also recently issued research reports about the company. Truist Financial reissued a hold rating and issued a $10.75 price objective (down previously from $12.00) on shares of Snap One in a report on Tuesday. William Blair downgraded Snap One from an outperform rating to a market perform rating in a report on Monday. 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 report on Tuesday, February 27th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Snap One presently has an average rating of Hold and an average target price of $11.05.

Snap One Trading Down 0.1 %

NASDAQ:SNPO opened at $10.58 on Tuesday. Snap One has a twelve month low of $6.70 and a twelve month high of $12.06. 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 business has a 50 day moving average price of $8.51 and a two-hundred day moving average price of $8.35. The company has a market cap of $809.79 million, a P/E ratio of -37.78 and a beta of 1.27.

Snap One (NASDAQ:SNPO) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Snap One had a positive return on equity of 2.77% and a negative net margin of 2.01%. The firm had revenue of $264.39 million during the quarter, compared to the consensus estimate of $267.62 million. As a group, analysts expect that Snap One will post 0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Snap One

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in Snap One by 5.2% in the 2nd quarter. BlackRock Inc. now owns 1,033,543 shares of the company’s stock valued at $12,041,000 after acquiring an additional 51,284 shares during the period. Vanguard Group Inc. raised 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 acquiring an additional 204,692 shares during the period. Summit Creek Advisors LLC raised its stake in Snap One by 0.4% in the 3rd 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 raised its stake in Snap One by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 402,836 shares of the company’s stock valued at $4,693,000 after acquiring an additional 11,373 shares during the period. Finally, State Street Corp raised its stake in Snap One by 3.0% in the 3rd quarter. State Street Corp now owns 390,891 shares of the company’s stock valued at $3,964,000 after acquiring an additional 11,444 shares during the period. Institutional investors 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.