Snap One (NASDAQ:SNPO) Sees Strong Trading Volume

Shares of Snap One Holdings Corp. (NASDAQ:SNPO) saw unusually-strong trading volume on Monday . Approximately 191,382 shares changed hands during mid-day trading, an increase of 31% from the previous session’s volume of 146,122 shares.The stock last traded at $10.57 and had previously closed at $10.56.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SNPO shares. Truist Financial reiterated a “hold” rating and set a $10.75 price target (down previously from $12.00) on shares of Snap One in a research report on Tuesday, April 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a $10.75 target price (down from $11.00) on shares of Snap One in a report on Tuesday, April 16th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $10.75 price target (up from $10.00) on shares of Snap One in a research note on Tuesday, April 16th. William Blair downgraded Snap One from an “outperform” rating to a “market perform” rating in a research report on Monday, April 15th. Finally, UBS Group cut their target price on shares of Snap One from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.05.

Snap One Stock Performance

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’s 50-day moving average is $8.66 and its 200-day moving average is $8.37.

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

Institutional Investors Weigh In On Snap One

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its holdings 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 in the last quarter. Summit Creek Advisors LLC boosted its holdings in shares of Snap One by 0.4% during 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 last quarter. First Eagle Investment Management LLC grew its stake in shares of Snap One by 3.2% in the third quarter. First Eagle Investment Management LLC now owns 174,971 shares of the company’s stock worth $1,617,000 after acquiring an additional 5,487 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Snap One during the fourth quarter valued at approximately $92,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

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.