Truist initiated coverage on Snap One Holdings with a new price target
$SNPO
Electrical Products
Technology
Truist initiated coverage of Snap One Holdings with a rating of Buy and set a new price target of $25.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/5/2023 | $13.00 | Overweight | JP Morgan |
| 12/9/2021 | $22.00 | Overweight → Equal-Weight | Morgan Stanley |
| 9/30/2021 | $25.00 | Outperform | Imperial Capital |
| 8/30/2021 | $21.00 → $23.00 | Overweight | Morgan Stanley |
| 8/23/2021 | Outperform | William Blair | |
| 8/23/2021 | $21.00 | Overweight | Morgan Stanley |
| 8/23/2021 | $25.00 | Buy | Truist |
| 8/23/2021 | $24.00 | Buy | UBS |
JP Morgan resumed coverage of Snap One with a rating of Overweight and set a new price target of $13.00
Morgan Stanley downgraded Snap One Holdings from Overweight to Equal-Weight and set a new price target of $22.00
Imperial Capital initiated coverage of Snap One Holdings with a rating of Outperform and set a new price target of $25.00
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4 - Snap One Holdings Corp. (0001856430) (Issuer)
4 - Snap One Holdings Corp. (0001856430) (Issuer)
4 - Snap One Holdings Corp. (0001856430) (Issuer)
Snap One Holdings (NASDAQ:SNPO) reported quarterly losses of $(0.13) per share which missed the analyst consensus estimate of $0.08 by 262.5 percent. This is a 425 percent decrease over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $246.078 million which missed the analyst consensus estimate of $254.320 million by 3.24 percent. This is a 2.37 percent decrease over sales of $252.040 million the same period last year.
Resideo Technologies Inc‘s (NYSE:REZI) recent acquisition of Snap One Holdings Corp (NASDAQ:SNPO) has sparked investor interest. On Monday, Snap One announced it will be acquired by Resideo Technologies for $1.4 billion in cash. We covered the news first here: Why Is Snap One Stock Jumping Premarket Monday? Analyst Cory A. Carpenter from JPMorgan provided valuable insights on the acquisition, calling it a “strong strategic fit at reasonable value.” Let’s delve into the implications for both Resideo and Snap One investors: Resideo Stock – 35% Upside In Sight Strategic Fit: Carpenter sees a strong strategic fit between Resideo’s ADI distribution business and Snap One. Both comp
Across the recent three months, 4 analysts have shared their insights on Snap One Holdings (NASDAQ:SNPO), expressing a variety of opinions spanning from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 0 0 Last 30D 0 0 2 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 0 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $11.38, along with a high estimate of $12.00 and a low estimate of $10.75. H
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CHARLOTTE, N.C., May 24, 2022 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (NASDAQ:SNPO) ("Snap One" or the "Company"), a provider of smart living products, services, and software to professional integrators, has appointed Tom Hendrickson as an independent director on its Board of Directors, effective May 23, 2022. Hendrickson will serve as the Chair of the Company's Audit & Risk Management Committee. Tom Hendrickson is an accomplished executive and financial expert with more than 30 years of experience leading high-growth, consumer-focused public companies. Prior to his retirement in 2014, he served as the Executive Vice President, Chief Financial Officer, and Chief Administrative Officer
CHARLOTTE, N.C., Sept. 14, 2021 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (NASDAQ:SNPO) ("Snap One" or the "Company"), a provider of smart living products, services, and software to professional integrators, today announced the appointments of Dr. Annmarie Neal, Adalio Sanchez, and Amy Steel Vanden-Eykel to its Board of Directors, effective January, June, and July 2021, respectively. Supporting the Company's expanded responsibilities and needs after its recent public listing in July, these new board members will serve on various committees and provide strategic oversight to the business. "As we strive to grow our organization, we need a highly qualified and diverse leadership team to su
Expands Presence in Smart Living Products and Distribution Enhances Resideo's growth and margin profile and accretive to non-GAAP Adjusted EPS in first full year of ownership Welcomes Nate Sleeper and John Stroup of Clayton, Dubilier & Rice LLC to Board of Directors SCOTTSDALE, Ariz, June 14, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort, security, life safety and energy efficiency to consumers, today announced that it has completed the acquisition of Snap One (NASDAQ:SNPO), a leading provider of smart-living products, services, and software to professional integ
CHARLOTTE, N.C., May 07, 2024 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (NASDAQ:SNPO) ("Snap One," the "Company," "we," or "our"), a provider of smart-living products, services, and software to professional integrators, reported financial results for the fiscal first quarter ended March 29, 2024. Recent DevelopmentsOn April 14, 2024, Snap One executed a merger agreement, whereby Resideo Technologies, Inc. ("Resideo"), a leading manufacturer and distributor of technology-driven products and solutions, agreed to acquire Snap One in an all-cash transaction for $10.75 per share (the "Merger"). The transaction is expected to be completed in the second half of 2024 and is subject to customar
CHARLOTTE, N.C., April 23, 2024 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (NASDAQ:SNPO) ("Snap One" or the "Company"), an industry-leading provider of smart-living technology for professionals and consumers, will issue its financial results for the fiscal first quarter ended March 29, 2024 via press release after market close on Tuesday, May 7, 2024. As a result of the Company's pending acquisition by Resideo Technologies, Inc. announced on April 15, 2024, Snap One will be foregoing its customary conference call. The Company still expects to provide timely SEC filings, including its Quarterly Report on Form 10-Q, as well as other required disclosures. About Snap OneAs a leading distrib
NEWPORT BEACH, Calif., July 16, 2024 (GLOBE NEWSWIRE) -- Gateway Group ("Gateway"), a leading financial communications and digital media advisory firm, today announced the initial sponsor list and latest presenting companies for its annual Gateway Conference taking place at the Four Seasons Hotel in San Francisco on September 4th and 5th. Conference SponsorshipThe Gateway Conference is sponsored by leading firms servicing the financial community. The event provides a rich environment for business development and an effective marketing platform to reach key corporate decision makers. Sponsorships are currently available in the Gold, Silver, and Bronze levels. For additional inform
Expands Presence in Smart Living Products and Distribution Enhances Resideo's growth and margin profile and accretive to non-GAAP Adjusted EPS in first full year of ownership Welcomes Nate Sleeper and John Stroup of Clayton, Dubilier & Rice LLC to Board of Directors SCOTTSDALE, Ariz, June 14, 2024 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE:REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort, security, life safety and energy efficiency to consumers, today announced that it has completed the acquisition of Snap One (NASDAQ:SNPO), a leading provider of smart-living products, services, and software to professional integ
CHARLOTTE, N.C., June 14, 2024 (GLOBE NEWSWIRE) -- Snap One Holdings Corp. (the "Company" or "Snap One") (NASDAQ:SNPO) is pleased to announce that its acquisition by Resideo Technologies, Inc., a Delaware corporation ("Resideo"), was completed today. The acquisition was effectuated by the merger (the "Merger") of a wholly-owned subsidiary of Resideo with and into the Company, with the Company surviving the Merger and becoming a wholly-owned subsidiary of Resideo. Additional information about Resideo can be found at Resideo.com. Media Contacts Danielle Karr Director, Public Relations & Events [email protected]