Fintel reports that on August 9, 2023, Morgan Stanley maintained coverage of Snap One Holdings (NASDAQ:SNPO) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 11.92% Upside
As of August 2, 2023, the average one-year price target for Snap One Holdings is 12.37. The forecasts range from a low of 10.10 to a high of $14.70. The average price target represents an increase of 11.92% from its latest reported closing price of 11.05.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Snap One Holdings is 1,103MM, an increase of 2.52%. The projected annual non-GAAP EPS is 0.62.
What is the Fund Sentiment?
There are 143 funds or institutions reporting positions in Snap One Holdings. This is a decrease of 10 owner(s) or 6.54% in the last quarter. Average portfolio weight of all funds dedicated to SNPO is 0.57%, an increase of 9.14%. Total shares owned by institutions decreased in the last three months by 0.11% to 71,556K shares. 
The put/call ratio of SNPO is 0.33, indicating a bullish outlook.
What are Other Shareholders Doing?
H&F Corporate Investors VIII holds 55,424K shares representing 72.71% ownership of the company. No change in the last quarter.
Fpr Partners holds 7,538K shares representing 9.89% ownership of the company. No change in the last quarter.
Indaba Capital Management holds 3,109K shares representing 4.08% ownership of the company. No change in the last quarter.
Schroder Investment Management Group holds 953K shares representing 1.25% ownership of the company. In it's prior filing, the firm reported owning 950K shares, representing an increase of 0.36%. The firm decreased its portfolio allocation in SNPO by 72.79% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 531K shares representing 0.70% ownership of the company. No change in the last quarter.
Snap One Holdings Background Information
(This description is provided by the company.)
Snap One provides a suite of products, services, and software to its network of professional do-it-for-me (“DIFM”) integrators that enable them to deliver smart living experiences for their residential and small business end users. The Company’s hardware and software portfolio includes leading proprietary and third-party offerings across connected, infrastructure, and entertainment categories. Additionally, Snap One provides technology-enabled workflow solutions to support integrators throughout the project lifecycle, enhancing their operations and helping them to profitably grow their businesses.
Additional reading:
- 1 Snap One Reports Fiscal Second Quarter 2023 Results Industry Awards and Product Innovation Highlight Second Quarter Results Company Reaffirms Financial Outlook for 2023 CHARLOTTE, N.C. – August 8, 2023 – Snap One Holdings Corp. (Nasdaq: SNPO) (“Sna
- EMPLOYMENT AGREEMENT
- EMPLOYMENT AGREEMENT (TIER II)
- 1 Snap One Reports Fiscal First Quarter 2023 Results First Quarter Highlighted by Industry Recognition and Focused Execution Company Raises Financial Outlook for 2023 CHARLOTTE, N.C. – May 9, 2023 – Snap One Holdings Corp. (Nasdaq: SNPO) (“Snap One,”
- Amendment to Credit Agreement dated as of April 17, 2023 by and among Snap One Holdings Corp., as Borrower, and Morgan Stanley Senior Funding, Inc., as Administrative Agent
This story originally appeared on Fintel.
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