Snap One (NASDAQ:SNPO) Receives “Neutral” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of Snap One (NASDAQ:SNPO) in a report released on Tuesday morning, Benzinga reports. They currently have a $10.75 price objective on the stock, down from their previous price objective of $11.00.

SNPO has been the subject of a number of other reports. William Blair lowered shares of Snap One from an outperform rating to a market perform rating in a research note on Monday. UBS Group lowered their target price on shares of 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, Truist Financial reissued a hold rating and set a $10.75 target price (down from $12.00) on shares of Snap One in a research note on Tuesday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $11.13.

Snap One Stock Performance

SNPO stock opened at $10.54 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.65. Snap One has a twelve month low of $6.70 and a twelve month high of $12.06. The stock has a market capitalization of $806.73 million, a price-to-earnings ratio of -37.64 and a beta of 1.27. The firm’s fifty day simple moving average is $8.42 and its two-hundred day simple moving average is $8.32.

Snap One (NASDAQ:SNPO) last posted its quarterly earnings data 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 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%. As a group, analysts anticipate that Snap One will post 0.38 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Barclays PLC grew its stake 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 purchasing an additional 4,072 shares during the last quarter. Citigroup Inc. raised its stake 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 worth $69,000 after acquiring an additional 5,545 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Snap One by 411.2% during the third quarter. Tower Research Capital LLC TRC now owns 6,001 shares of the company’s stock valued at $55,000 after acquiring an additional 4,827 shares during the last quarter. UBS Group AG boosted its stake in Snap One by 2,779.6% in the fourth quarter. UBS Group AG now owns 7,890 shares of the company’s stock valued at $58,000 after acquiring an additional 7,616 shares in the last quarter. Finally, American International Group Inc. grew its holdings in Snap One by 23.3% in the first quarter. American International Group Inc. now owns 8,839 shares of the company’s stock worth $130,000 after purchasing an additional 1,672 shares during the last quarter. 92.67% of the stock is 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.