William Blair Lowers Snap One (NASDAQ:SNPO) to Market Perform

William Blair lowered shares of Snap One (NASDAQ:SNPO) from an outperform rating to a market perform rating in a report issued on Monday, Marketbeat reports.

Separately, UBS Group decreased their price target on Snap One from $14.00 to $12.00 and set a buy rating on the stock in a research note on Tuesday, February 27th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $11.05.

Snap One Trading Up 0.5 %

Shares of Snap One stock opened at $10.59 on Monday. 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 12-month low of $6.70 and a 12-month high of $12.06. The company has a market capitalization of $810.52 million, a price-to-earnings ratio of -37.82 and a beta of 1.27. The firm’s 50-day moving average price is $8.47 and its two-hundred day moving average price is $8.33.

Snap One (NASDAQ:SNPO) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $264.39 million for the quarter, compared to analyst estimates 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, analysts forecast that Snap One will post 0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Snap One

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of Snap One by 533.0% during the fourth quarter. Barclays PLC now owns 4,836 shares of the company’s stock worth $35,000 after buying an additional 4,072 shares in the last quarter. Citigroup Inc. boosted its holdings 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 acquiring an additional 5,545 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Snap One by 411.2% during 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 during the last quarter. UBS Group AG increased its holdings in Snap One by 2,779.6% in the 4th quarter. UBS Group AG now owns 7,890 shares of the company’s stock worth $58,000 after purchasing an additional 7,616 shares in the last quarter. Finally, American International Group Inc. raised its position in Snap One by 23.3% in the first quarter. American International Group Inc. now owns 8,839 shares of the company’s stock valued at $130,000 after purchasing an additional 1,672 shares during the last quarter. 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.