Shares of Snap One Holdings Corp. (NASDAQ:SNPO – Get Free Report) dropped 2.8% during trading on Friday . The company traded as low as $7.55 and last traded at $7.63. Approximately 17,664 shares changed hands during trading, a decline of 57% from the average daily volume of 41,262 shares. The stock had previously closed at $7.85.
Analysts Set New Price Targets
A number of research analysts recently issued reports on SNPO shares. TheStreet upgraded shares of Snap One from a “d” rating to a “c-” rating in a report on Thursday, August 17th. Truist Financial dropped their price target on shares of Snap One from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. Finally, Morgan Stanley reduced their price objective on shares of Snap One from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 8th.
Snap One Stock Performance
Institutional Investors Weigh In On Snap One
A number of institutional investors have recently modified their holdings of the company. Barclays PLC lifted its holdings in Snap One by 533.0% in the fourth quarter. Barclays PLC now owns 4,836 shares of the company’s stock valued at $35,000 after buying an additional 4,072 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Snap One by 411.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,001 shares of the company’s stock worth $55,000 after acquiring an additional 4,827 shares in the last quarter. UBS Group AG lifted its stake in shares of Snap One by 2,779.6% in the 4th quarter. UBS Group AG now owns 7,890 shares of the company’s stock valued at $58,000 after purchasing an additional 7,616 shares during the period. Citigroup Inc. boosted its position in shares of Snap One by 1,447.8% during the 2nd quarter. Citigroup Inc. now owns 5,928 shares of the company’s stock valued at $69,000 after purchasing an additional 5,545 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Snap One during the fourth quarter worth approximately $86,000. 92.96% 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.
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