Sonos (SONO) to Release Quarterly Earnings on Wednesday

Sonos (NASDAQ:SONO - Get Free Report) is expected to be issuing its Q3 2025 quarterly earnings data before the market opens on Wednesday, August 6th. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $324.66 million for the quarter.

Sonos Stock Performance

Shares of Sonos stock traded down $0.45 on Friday, hitting $10.36. 2,112,443 shares of the company traded hands, compared to its average volume of 1,948,553. The stock has a market capitalization of $1.24 billion, a P/E ratio of -17.56 and a beta of 2.04. Sonos has a 52 week low of $7.63 and a 52 week high of $15.89. The business has a 50-day simple moving average of $10.55 and a 200 day simple moving average of $11.11.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SONO. Rosenblatt Securities reduced their price objective on shares of Sonos from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Jefferies Financial Group reduced their price objective on shares of Sonos from $19.00 to $13.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Wall Street Zen cut shares of Sonos from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $12.25.

Insiders Place Their Bets

In other Sonos news, major shareholder Coliseum Capital Management, L purchased 675,000 shares of Sonos stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average price of $11.25 per share, for a total transaction of $7,593,750.00. Following the completion of the transaction, the insider owned 14,505,191 shares of the company's stock, valued at approximately $163,183,398.75. This trade represents a 4.88% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 2,387,103 shares of company stock valued at $25,629,973 in the last quarter. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Sonos

Large investors have recently bought and sold shares of the business. Strs Ohio purchased a new position in Sonos during the first quarter worth $147,000. Intech Investment Management LLC boosted its stake in Sonos by 38.5% during the first quarter. Intech Investment Management LLC now owns 151,152 shares of the company's stock worth $1,613,000 after buying an additional 42,006 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sonos by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,984 shares of the company's stock worth $768,000 after buying an additional 3,483 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Sonos by 22.4% during the first quarter. AQR Capital Management LLC now owns 51,169 shares of the company's stock worth $546,000 after buying an additional 9,355 shares during the period. Institutional investors own 85.82% of the company's stock.

About Sonos

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.