NASDAQ:SONO Sonos (SONO) Stock Price, News & Analysis → Tech GIANT’s Plans to Revolutionize Crypto… (From Crypto 101 Media) (Ad) Free SONO Stock Alerts $16.63 -0.62 (-3.59%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$16.41▼$17.3450-Day Range$16.63▼$19.5152-Week Range$9.78▼$19.76Volume1.59 million shsAverage Volume1.47 million shsMarket Capitalization$2.04 billionP/E RatioN/ADividend YieldN/APrice Target$21.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipShort InterestSocial Media Get Sonos alerts: Email Address Sonos MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside26.3% Upside$21.00 Price TargetShort InterestHealthy4.57% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.00Based on 37 Articles This WeekInsider TradingSelling Shares$402,845 Sold Last QuarterProj. Earnings Growth80.65%From $0.31 to $0.56 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.76 out of 5 starsConsumer Discretionary Sector92nd out of 271 stocksHousehold Audio & Video Equipment Industry2nd out of 8 stocks 3.4 Analyst's Opinion Consensus RatingSonos has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageSonos has only been the subject of 1 research reports in the past 90 days.Read more about Sonos' stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted4.57% of the float of Sonos has been sold short.Short Interest Ratio / Days to CoverSonos has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Sonos has recently decreased by 8.26%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldSonos does not currently pay a dividend.Dividend GrowthSonos does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SONO. Previous Next 2.2 News and Social Media Coverage News SentimentSonos has a news sentiment score of 0.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 37 news articles for Sonos this week, compared to 13 articles on an average week.Search InterestOnly 1 people have searched for SONO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows2 people have added Sonos to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Sonos insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $402,845.00 in company stock.Percentage Held by InsidersOnly 3.30% of the stock of Sonos is held by insiders.Percentage Held by Institutions85.82% of the stock of Sonos is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Sonos' insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Sonos are expected to grow by 80.65% in the coming year, from $0.31 to $0.56 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Sonos is -47.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Sonos is -47.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSonos has a P/B Ratio of 4.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Sonos' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaTech GIANT’s Plans to Revolutionize Crypto…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. Claim your free seat by clicking here now. About Sonos Stock (NASDAQ:SONO)Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its website. The company was formerly known as Rincon Audio, Inc. and changed its name to Sonos, Inc. in May 2004. Sonos, Inc. was incorporated in 2002 and is headquartered in Santa Barbara, California.Read More SONO Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SONO Stock News HeadlinesMay 9, 2024 | insidertrades.comSonos, Inc. (NASDAQ:SONO) Director Sells $15,593.15 in StockApril 13, 2024 | insidertrades.comSonos, Inc. (NASDAQ:SONO) Insider Sells $352,400.00 in StockMay 11, 2024 | Crypto 101 Media (Ad)Tech GIANT’s Plans to Revolutionize Crypto…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. May 11, 2024 | finance.yahoo.comEarnings Update: Sonos, Inc. (NASDAQ:SONO) Just Reported Its Second-Quarter Results And Analysts Are Updating Their ForecastsMay 10, 2024 | fool.comSonos Surpasses Expectations in Q2May 9, 2024 | 9to5mac.comNew Sonos app breaks accessibility for visually impaired users, here’s what this advocate recommendsMay 9, 2024 | forbes.com4 Lessons From Sonos’ App Upgrade FiascoMay 9, 2024 | 9to5mac.comSonos takes a cue from Apple, citing ‘courage’ as why its new app is dislikedMay 11, 2024 | Crypto 101 Media (Ad)Tech GIANT’s Plans to Revolutionize Crypto…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. May 9, 2024 | msn.comSonos says redesigned app took ‘courage’ as users freak out over missing featuresMay 9, 2024 | msn.comSonos says its controversial app redesign took ‘courage’May 9, 2024 | investorplace.com3 Russell 2000 Stocks to Sell in May Before They Crash & BurnMay 8, 2024 | msn.comSonos Ace headphones with magnetic cushions leaked alongside pricingMay 8, 2024 | seekingalpha.comSonos: Wait For The Second Half Story To UnfoldMay 8, 2024 | msn.comThe slicker new Sonos app is available as a free upgrade nowMay 8, 2024 | msn.comThe new Sonos app is missing a lot of features, and people aren’t happyMay 8, 2024 | msn.comThis is the Sonos Roam 2 portable speakerMay 8, 2024 | finance.yahoo.comSonos Inc (SONO) Q2 2024 Earnings Call Transcript Highlights: Navigating Market Challenges with ...May 8, 2024 | finance.yahoo.comQ2 2024 Sonos Inc Earnings CallMay 8, 2024 | msn.comSonos is making a beeline for the premium headphones market with these over-ear cansMay 7, 2024 | msn.comSonos Ace headphones will have magnetic ear cushions and 30-hour battery lifeMay 7, 2024 | investorplace.comSONO Stock Earnings: Sonos Beats EPS, Beats Revenue for Q2 2024May 7, 2024 | msn.comWait! Don’t update your Sonos app until you read thisMay 7, 2024 | businesswire.comSonos Reports Second Quarter Fiscal 2024 ResultsMay 7, 2024 | markets.businessinsider.comCraig-Hallum Reaffirms Their Buy Rating on Sonos (SONO)May 7, 2024 | msn.comHere's what the long-rumored Sonos wireless headphones will look likeMay 6, 2024 | 9to5mac.comHere’s a look at Sonos’ first wireless headphones to compete with AirPods MaxSee More Headlines Receive SONO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Sonos and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/16/2021Today5/11/2024Next Earnings (Estimated)8/14/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorConsumer Discretionary Industry Household audio & video equipment Sub-IndustryN/A Current SymbolNASDAQ:SONO CUSIPN/A CIK1055355 Webwww.sonos.com Phone(805) 965-3001FaxN/AEmployees1,867Year Founded2002Price Target and Rating Average Stock Price Target$21.00 High Stock Price Target$25.00 Low Stock Price Target$12.00 Potential Upside/Downside+26.3%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.35) Trailing P/E RatioN/A Forward P/E Ratio53.65 P/E GrowthN/ANet Income$-10,270,000.00 Net Margins-2.82% Pretax Margin-1.80% Return on Equity-0.44% Return on Assets-0.24% Debt Debt-to-Equity RatioN/A Current Ratio1.92 Quick Ratio1.56 Sales & Book Value Annual Sales$1.66 billion Price / Sales1.23 Cash Flow$0.70 per share Price / Cash Flow23.67 Book Value$4.02 per share Price / Book4.14Miscellaneous Outstanding Shares122,900,000Free Float119,756,000Market Cap$2.04 billion OptionableOptionable Beta2.00 Social Links 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Patrick Spence (Age 49)CEO, President & Director Comp: $621.86kMr. Edward P. Lazarus (Age 65)Chief Strategy Officer, Chief Legal Officer & Corporate Secretary Comp: $546.96kMs. Shamayne Braman (Age 35)Chief People Officer Comp: $459.28kMr. Nicholas Millington (Age 47)Chief Innovation Officer Comp: $518.64kMs. Deirdre Findlay (Age 50)Chief Commercial Officer Comp: $75kMr. Maxime Bouvat-Merlin (Age 48)Chief Product Officer Comp: $523.88kMr. Thomas CullenCo-Founder and VP of Sales & MarketingMs. Saori Casey (Age 56)Chief Financial Officer Mr. Christopher Scott Mason (Age 57)Senior VP, Chief Accounting Officer, Treasurer & Principal Accounting Officer Mr. Michael GroeningerVice President of Corporate FinanceMore ExecutivesKey CompetitorsVIZIONYSE:VZIOCable OneNYSE:CABOCimpressNASDAQ:CMPRMasterBrandNYSE:MBCCinemarkNYSE:CNKView All CompetitorsInsiders & InstitutionsCovestor LtdBought 1,571 shares on 5/11/2024Ownership: 0.002%Vanguard Group Inc.Bought 163,736 shares on 5/10/2024Ownership: 11.507%Connors Investor Services Inc.Sold 7,578 shares on 5/10/2024Ownership: 0.086%First Eagle Investment Management LLCSold 4,400 shares on 5/9/2024Ownership: 0.287%State Board of Administration of Florida Retirement SystemSold 6,390 shares on 5/9/2024Ownership: 0.024%View All Insider TransactionsView All Institutional Transactions SONO Stock Analysis - Frequently Asked Questions Should I buy or sell Sonos stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SONO shares. View SONO analyst ratings or view top-rated stocks. What is Sonos' stock price target for 2024? 5 brokers have issued twelve-month price objectives for Sonos' stock. Their SONO share price targets range from $12.00 to $25.00. On average, they anticipate the company's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 26.3% from the stock's current price. View analysts price targets for SONO or view top-rated stocks among Wall Street analysts. How have SONO shares performed in 2024? Sonos' stock was trading at $17.14 at the beginning of 2024. Since then, SONO shares have decreased by 3.0% and is now trading at $16.63. View the best growth stocks for 2024 here. When is Sonos' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024. View our SONO earnings forecast. How were Sonos' earnings last quarter? Sonos, Inc. (NASDAQ:SONO) issued its quarterly earnings results on Tuesday, November, 16th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. The business earned $359.54 million during the quarter, compared to analyst estimates of $360.23 million. Sonos had a negative net margin of 2.82% and a negative trailing twelve-month return on equity of 0.44%. The business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 earnings per share. What ETFs hold Sonos' stock? ETFs with the largest weight of Sonos (NASDAQ:SONO) stock in their portfolio include MUSQ Global Music Industry ETF (MUSQ), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and iShares S&P Small-Cap 600 Value ETF (IJS).SPDR S&P 600 Small Cap ETF (SLY). What guidance has Sonos issued on next quarter's earnings? Sonos updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion. What is Patrick Spence's approval rating as Sonos' CEO? 79 employees have rated Sonos Chief Executive Officer Patrick Spence on Glassdoor.com. Patrick Spence has an approval rating of 98% among the company's employees. This puts Patrick Spence in the top 20% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Sonos own? Based on aggregate information from My MarketBeat watchlists, some companies that other Sonos investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Boeing (BA), DocuSign (DOCU), Block (SQ), Alibaba Group (BABA), PayPal (PYPL), QUALCOMM (QCOM) and Micron Technology (MU). When did Sonos IPO? Sonos (SONO) raised $250 million in an initial public offering on Thursday, August 2nd 2018. The company issued 13,900,000 shares at $17.00-$19.00 per share. Morgan Stanley, Goldman Sachs and Allen & Company served as the underwriters for the IPO and RBC Capital Markets, Jefferies, KKR, Raymond James and Stifel were co-managers. Who are Sonos' major shareholders? Sonos' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.51%), Deroy & Devereaux Private Investment Counsel Inc. (0.80%), Principal Financial Group Inc. (0.52%), Russell Investments Group Ltd. (0.44%), First Eagle Investment Management LLC (0.29%) and Sei Investments Co. (0.26%). Insiders that own company stock include Anna Fraser, Brittany Bagley, Christopher Scott Mason, Edward P Lazarus, Joanna Coles, Matthew O Siegel, Matthew O Siegel, Maxime Bouvat-Merlin, Nicholas Millington, Patrick Spence and Thomas Conrad. View institutional ownership trends. How do I buy shares of Sonos? Shares of SONO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. Does Sonos have any subsidiaries? The following companies are subsidiares of Sonos: Snips, and Sonos Europe B.V. (Netherlands).Read More This page (NASDAQ:SONO) was last updated on 5/11/2024 by MarketBeat.com Staff From Our PartnersThe Crypto 9-5 Escape PlanCrypto 101 MediaDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldThe A.I. story nobody is telling you (Read ASAP)TradeSmithTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeCollapse of the Petrodollar Colonial MetalsForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm Press[URGENT] DO NOT Touch These AI Stocks!Weiss Ratings Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Sonos, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
