Summit Creek Advisors LLC Acquires 64,823 Shares of Snap One Holdings Corp. (NASDAQ:SNPO)

Summit Creek Advisors LLC grew its holdings in shares of Snap One Holdings Corp. (NASDAQ:SNPOGet Rating) by 13.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 537,825 shares of the company’s stock after purchasing an additional 64,823 shares during the quarter. Summit Creek Advisors LLC’s holdings in Snap One were worth $7,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new position in Snap One in the 1st quarter valued at $196,000. New York State Common Retirement Fund boosted its position in shares of Snap One by 51.0% during the 1st quarter. New York State Common Retirement Fund now owns 16,338 shares of the company’s stock valued at $241,000 after acquiring an additional 5,520 shares in the last quarter. Swiss National Bank acquired a new stake in shares of Snap One during the 4th quarter valued at about $704,000. Northern Trust Corp lifted its holdings in Snap One by 29.3% during the 4th quarter. Northern Trust Corp now owns 154,423 shares of the company’s stock valued at $3,256,000 after purchasing an additional 34,993 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in Snap One by 855.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,865 shares of the company’s stock valued at $60,000 after purchasing an additional 2,565 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Snap One Stock Performance

NASDAQ SNPO opened at $12.53 on Friday. The company has a current ratio of 2.12, a quick ratio of 0.69 and a debt-to-equity ratio of 0.65. The company has a market cap of $950.78 million and a P/E ratio of -26.66. The company has a fifty day simple moving average of $11.18 and a 200 day simple moving average of $14.24. Snap One Holdings Corp. has a 12-month low of $8.90 and a 12-month high of $24.50.

Snap One (NASDAQ:SNPOGet Rating) last announced its quarterly earnings data on Thursday, May 12th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. Snap One had a positive return on equity of 4.89% and a negative net margin of 3.06%. The business had revenue of $277.43 million for the quarter, compared to analysts’ expectations of $255.06 million. Sell-side analysts predict that Snap One Holdings Corp. will post 0.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Snap One news, insider Jefferson Dungan bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The stock was bought at an average price of $10.25 per share, for a total transaction of $102,500.00. Following the completion of the acquisition, the insider now directly owns 10,000 shares in the company, valued at $102,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Snap One news, CEO John H. Heyman acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The shares were bought at an average cost of $10.90 per share, with a total value of $54,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,567,579 shares of the company’s stock, valued at approximately $17,086,611.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jefferson Dungan bought 10,000 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was purchased at an average cost of $10.25 per share, for a total transaction of $102,500.00. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $102,500. The disclosure for this purchase can be found here. 5.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Truist Financial dropped their target price on shares of Snap One from $21.00 to $18.00 and set a “na” rating for the company in a research note on Monday, May 16th. UBS Group decreased their price objective on shares of Snap One from $24.00 to $19.00 and set a “na” rating for the company in a report on Wednesday, May 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Snap One has a consensus rating of “Moderate Buy” and a consensus target price of $21.38.

Snap One Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Snap One (NASDAQ:SNPO)

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