Streetbeat News

SNPO

Snap One Holdings Corp

snapone.com

CEO

John H. Heyman

Employees

Industry

Audio and Video Equipment Manufacturing

established in 2005 and based in charlotte, north carolina, snap one is a manufacturer and exclusive source of a/v, security, control, networking, and remote management products for professional integrators. an industry leader in the pro-install channel, snap one helps integrators build their businesses by providing a wide range of high-quality products, easily accessible through an intuitive website and backed by award-winning service and support. with a vast catalogue of today’s most popular brands, snap one is the premier choice for professional installers across the globe. with 28 pro stores in the us, snap one blends the benefits of ecommerce with the convenience of local stores.

Open

10.74

Mkt cap

823M

Volume

911K

High

10.76

P/E Ratio

-27.56

52-wk high

12.06

Low

10.74

Div yield

N/A

52-wk low

6.70

Snap One Holdings (NASDAQ:SNPO) reported Q1 2024 adjusted EPS of $(0.13), missing the $0.08 estimate, and sales of $246.078M, missing the $254.320M estimate. This represents a significant decrease in earnings and a slight decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:20 pm

Resideo Technologies Inc's acquisition of Snap One Holdings Corp for $1.4 billion is seen as a 'strong strategic fit' by JPMorgan, with a potential 35% upside for Resideo's stock. The deal aligns with both companies' focus on the smart living market, with financial and strategic benefits expected from the merger. JPMorgan maintains an Overweight rating on Resideo with a $27 price target, highlighting the complementary nature of the companies and potential for significant distribution expansion and profitability growth for Snap One.

Portfolio Pulse from Surbhi Jain

April 16, 2024 | 6:54 pm

Snap One Holdings (NASDAQ:SNPO) has received mixed analyst ratings over the past three months, with 4 analysts offering views that range from bullish to indifferent. The average 12-month price target is $11.38, down from a previous $12.00, indicating a 5.17% decrease. Analysts from JP Morgan, Truist Securities, and UBS have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Snap One Holdings, a provider of smart living products and services, faces challenges in market capitalization, revenue growth, profitability, and debt management, with recent financial performance showing a decline in revenue and below-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 5:01 pm

JP Morgan analyst Cory Carpenter downgrades Snap One Holdings (NASDAQ:SNPO) from Overweight to Neutral and lowers the price target from $11 to $10.75.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:06 pm

Truist Securities analyst Keith Hughes downgraded Snap One Holdings (SNPO) from Buy to Hold and reduced the price target from $12 to $10.75.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:56 am

The CNN Money Fear and Greed index moved to the 'Fear' zone, indicating a decline in market sentiment. U.S. stocks, including the S&P 500, closed lower amid Middle East conflict concerns. Snap One Holdings Corp. (SNPO) shares surged after an acquisition announcement by Resideo Technologies. Goldman Sachs (GS) reported strong Q1 earnings. The market awaits earnings from Johnson & Johnson (JNJ), Morgan Stanley (MS), and Bank of America (BAC).

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 6:09 am

U.S. stocks declined, with the S&P 500 dropping over 1%. Health care shares slightly rose, while information technology shares fell by 1.8%. U.S. retail sales increased by 0.7% in March. Soligenix, Longeveron, and Snap One Holdings saw significant stock increases, while Marinus Pharmaceuticals, Neumora Therapeutics, and Ultragenyx Pharmaceutical experienced notable declines.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 6:30 pm

In Monday's intraday session, 12 consumer discretionary stocks showed significant movement. Kaival Brands Innovations and Snap One Holdings were among the top gainers, with shares rising 206% and 30.34% respectively. On the losing end, J-Long Group and Cazoo Gr experienced declines of 23.1% and 16.88%. Notably, Kidpik and Rent the Runway released their Q4 earnings three days ago, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 4:31 pm

U.S. stocks traded higher with the Dow Jones gaining over 100 points. Charles Schwab Corporation reported a decline in Q1 2024 earnings but beat revenue estimates. Soligenix, Longeveron, and Snap One Holdings saw significant stock increases, while Marinus Pharmaceuticals, Neumora Therapeutics, and Ultragenyx Pharmaceutical experienced declines. Crude oil and gold prices fell, while silver and copper prices rose. European and Asian markets showed mixed results, with economic indicators like the NY Empire State Manufacturing Index and retail sales showing improvement.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 4:02 pm

William Blair analyst Ryan Merkel downgrades Snap One Holdings (NASDAQ:SNPO) from Outperform to Market Perform, indicating a neutral outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:18 pm

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