Snap One (NASDAQ:SNPO) Rating Reiterated by JPMorgan Chase & Co.

Snap One (NASDAQ:SNPO)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a research report issued on Tuesday, Benzinga reports. They currently have a $10.75 price objective on the stock, down from their prior price objective of $11.00. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 1.99% from the stock’s previous close.

A number of other analysts have also weighed in on the company. Truist Financial reissued a “hold” rating and set a $10.75 price objective (down previously from $12.00) on shares of Snap One in a research note on Tuesday. UBS Group dropped their price objective on Snap One from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Finally, William Blair lowered Snap One from an “outperform” rating to a “market perform” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.13.

Snap One Price Performance

Shares of SNPO stock remained flat at $10.54 during trading on Tuesday. 1,767,348 shares of the company traded hands, compared to its average volume of 110,192. Snap One has a one year low of $6.70 and a one year 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’s 50 day simple moving average is $8.37 and its 200-day simple moving average is $8.31. The firm has a market cap 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 results on Thursday, March 7th. The company reported $0.07 EPS 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 analysts’ expectations 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, research analysts predict that Snap One will post 0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Snap One

Several institutional investors and hedge funds have recently modified their holdings of SNPO. SG Americas Securities LLC bought a new stake in Snap One in the 4th quarter worth about $92,000. First Eagle Investment Management LLC increased its holdings in 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 buying an additional 5,487 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in 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 buying an additional 1,771 shares in the last quarter. Summit Creek Advisors LLC increased its holdings in 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 buying an additional 2,179 shares in the last quarter. Finally, Invesco Ltd. bought a new stake in Snap One in the 1st quarter worth about $262,000. 92.67% of the stock is currently owned by 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.