Sonos, Inc. (NASDAQ:SONO) Shares Purchased by NBW Capital LLC

NBW Capital LLC lifted its stake in shares of Sonos, Inc. (NASDAQ:SONO - Free Report) by 42.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 256,134 shares of the company's stock after purchasing an additional 76,454 shares during the period. NBW Capital LLC owned about 0.21% of Sonos worth $3,852,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Gladius Capital Management LP acquired a new position in Sonos in the third quarter worth $30,000. SBI Securities Co. Ltd. bought a new position in shares of Sonos in the 4th quarter worth about $30,000. Smartleaf Asset Management LLC boosted its holdings in shares of Sonos by 191.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,621 shares of the company's stock valued at $39,000 after buying an additional 1,721 shares during the period. KBC Group NV grew its position in shares of Sonos by 52.5% during the 3rd quarter. KBC Group NV now owns 4,852 shares of the company's stock valued at $60,000 after buying an additional 1,670 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Sonos by 50.1% during the 4th quarter. GAMMA Investing LLC now owns 4,048 shares of the company's stock valued at $61,000 after buying an additional 1,352 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Sonos Stock Down 0.6 %

NASDAQ SONO traded down $0.08 during trading hours on Friday, hitting $12.88. The company had a trading volume of 1,348,908 shares, compared to its average volume of 2,114,134. The firm has a market cap of $1.53 billion, a P/E ratio of -22.60 and a beta of 1.97. Sonos, Inc. has a fifty-two week low of $10.23 and a fifty-two week high of $19.76. The business has a fifty day simple moving average of $13.87 and a 200-day simple moving average of $13.25.

Sonos (NASDAQ:SONO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.04. Sonos had a negative net margin of 4.73% and a negative return on equity of 13.17%. Equities analysts forecast that Sonos, Inc. will post -0.37 EPS for the current fiscal year.

Sonos announced that its board has approved a stock repurchase plan on Monday, February 24th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reissued a "buy" rating and issued a $18.00 target price on shares of Sonos in a report on Friday, February 7th.

Sonos Profile

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.