NASDAQ:SONO Sonos (SONO) Stock Forecast, Price & News $12.81 -0.10 (-0.77%) (As of 10/2/2023 ET) Add Compare Share Share Today's Range$12.70▼$12.9350-Day Range$12.60▼$17.3152-Week Range$12.44▼$21.98Volume1.25 million shsAverage Volume1.95 million shsMarket Capitalization$1.64 billionP/E RatioN/ADividend YieldN/APrice Target$20.80 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainShort InterestSocial Media Sonos MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside62.4% Upside$20.80 Price TargetShort InterestBearish10.99% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.55Based on 9 Articles This WeekInsider TradingSelling Shares$738,841 Sold Last QuarterProj. Earnings Growth37.84%From $0.37 to $0.51 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.21 out of 5 starsConsumer Discretionary Sector169th out of 277 stocksHousehold Audio & Video Equipment Industry6th 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 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $20.80, Sonos has a forecasted upside of 62.4% from its current price of $12.81.Amount of Analyst CoverageSonos has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted10.99% of the float of Sonos has been sold short.Short Interest Ratio / Days to CoverSonos has a short interest ratio ("days to cover") of 6.9.Change versus previous monthShort interest in Sonos has recently increased by 4.79%, indicating that investor sentiment is decreasing. 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 2.5 News and Social Media Coverage News SentimentSonos has a news sentiment score of 0.55. 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 0.65 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Sonos this week, compared to 7 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 -80% compared to the previous 30 days.MarketBeat Follows17 people have added Sonos to their MarketBeat watchlist in the last 30 days. This is an increase of 325% compared to the previous 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 $738,841.00 in company stock.Percentage Held by InsidersOnly 3.13% of the stock of Sonos is held by insiders.Percentage Held by Institutions84.26% of the stock of Sonos is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Sonos are expected to grow by 37.84% in the coming year, from $0.37 to $0.51 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Sonos is -36.60, 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 -36.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioSonos has a PEG Ratio of 9.12. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSonos has a P/B Ratio of 2.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Sonos (NASDAQ:SONO) StockSonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories. It 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 sonos.com. 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SONO Stock News HeadlinesOctober 2, 2023 | benzinga.comSHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Sonos, Inc. (NASDAQ: SONO) and Encourages Investors to Contact the FirmOctober 1, 2023 | msn.comLG vs Sonos Soundbars: Which Is Better?October 3, 2023 | Behind the Markets (Ad)How A.I. Could Make Most 21st Century Diseases EXTINCTOn December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...September 30, 2023 | msn.comSonos Move 2 Review: Portable sonic smarts at a premium priceSeptember 29, 2023 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Snowflake (SNOW) and Sonos (SONO)September 28, 2023 | msn.comSonos Move 2 review: Worth the weightSeptember 27, 2023 | techcrunch.comSonos Move 2 review: The best rugged smart speaker gets betterSeptember 26, 2023 | msn.comBest Sonos deals: Save hundreds on staple modelsOctober 3, 2023 | Behind the Markets (Ad)How A.I. Could Make Most 21st Century Diseases EXTINCTOn December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...September 26, 2023 | msn.com6 Reasons to Avoid a Sonos Arc at All CostsSeptember 25, 2023 | msn.comSonos Move 2 vs. Move: Everything doubled except the weightSeptember 25, 2023 | appleinsider.comHue gets Matter, Sonos Move 2, and more on the HomeKit Insider podcastSeptember 23, 2023 | msn.comSonos Era 300 vs Bluesound Pulse MSeptember 22, 2023 | finance.yahoo.comBose’s new Dolby Atmos soundbar uses AI to try to take down the Sonos ArcSeptember 22, 2023 | finance.yahoo.comDo Options Traders Know Something About Sonos (SONO) Stock We Don't?September 22, 2023 | yahoo.comWatch out, Sonos: Bose's Dolby Atmos Ultra Soundbar with AI looks seriously smartSeptember 21, 2023 | yahoo.comSonos Move vs Sonos Move 2: what are the differences?September 21, 2023 | finance.yahoo.comInsider Sell: Sonos Inc CEO Patrick Spence Sells 45,000 SharesSeptember 21, 2023 | in.investing.comRosenblatt starts Sonos at Buy - 'Sonos is a category leader in a market that should return to growth'September 20, 2023 | yahoo.comSonos Move 2 vs Sonos Era 300: which premium smart speaker is right for you?September 20, 2023 | msn.comThe Sonos patent battle against Google has gone in Sonos' favorSeptember 20, 2023 | msn.comSonos up as Rosenblatt initiates with a Buy saying innovation will pave the waySeptember 20, 2023 | news.yahoo.comSonos Move 2 review: Better sound and battery life comes at a costSeptember 19, 2023 | msn.comThese best portable Bluetooth speakers are from brands like JBL, Anker and Sonos.September 19, 2023 | finance.yahoo.comSonos Move 2 review: The carry speaker with great sound everywhereSeptember 19, 2023 | yahoo.comSonos Move 2September 18, 2023 | reuters.comSonos notches win in Google patent fight at US trade tribunalSee 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 SONO Company Calendar Last Earnings8/09/2023Today10/02/2023Next Earnings (Estimated)11/15/2023Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Household audio & video equipment Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNASDAQ:SONO CUSIPN/A CIK1055355 Webwww.sonos.com Phone(805) 965-3001FaxN/AEmployees1,844Year Founded2002Price Target and Rating Average Stock Price Forecast$20.80 High Stock Price Forecast$24.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+62.9%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.35) Trailing P/E RatioN/A Forward P/E Ratio34.51 P/E Growth9.12Net Income$67.38 million Net Margins-2.59% Pretax Margin-1.84% Return on Equity-2.77% Return on Assets-1.47% Debt Debt-to-Equity RatioN/A Current Ratio2.06 Quick Ratio1.19 Sales & Book Value Annual Sales$1.75 billion Price / Sales0.93 Cash Flow$0.82 per share Price / Cash Flow15.52 Book Value$4.40 per share Price / Book2.90Miscellaneous Outstanding Shares128,260,000Free Float124,244,000Market Cap$1.64 billion OptionableOptionable Beta1.87 Social Links Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. Patrick Spence (Age 48)CEO, Pres & Director Comp: $574.58kMr. Edward P. Lazarus (Age 64)CFO, Chief Legal Officer & Corp. Sec. Comp: $408.39kMr. Nicholas Millington (Age 46)Chief Innovation Officer Comp: $400.41kMr. Thomas CullenCo-Founder and VP of Sales & MarketingMr. Christopher Scott Mason (Age 56)Sr. VP, Chief Accounting Officer, Treasurer & Principal Accounting Officer Mr. Michael GroeningerVP of Corp. Fin.Mr. Cammeron Finnegan McLaughlinVP of Investor RelationsMs. Shamayne BramanChief People OfficerMr. Maxime Bouvat-Merlin (Age 47)Chief Product Officer Ms. Rebecca ZavinSr. VP of SoftwareMore ExecutivesKey CompetitorsVIZIONYSE:VZIOPeloton InteractiveNASDAQ:PTONCamping WorldNYSE:CWHMister Car WashNYSE:MCWGrupo Televisa, S.A.B.NYSE:TVView All CompetitorsInsiders & InstitutionsBarclays PLCBought 229,250 shares on 9/21/2023Ownership: 0.229%Patrick SpenceSold 45,000 sharesTotal: $603,450.00 ($13.41/share)Wolverine Trading LLCSold 48,400 shares on 8/23/2023Ownership: 0.000%California State Teachers Retirement SystemSold 10,042 shares on 8/21/2023Ownership: 0.116%Teachers Retirement System of The State of KentuckyBought 2,235 shares on 8/21/2023Ownership: 0.032%View All Insider TransactionsView All Institutional Transactions SONO Stock - Frequently Asked Questions Should I buy or sell Sonos stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 1 hold rating and 3 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 forecast for 2023? 4 brokers have issued 12-month price targets for Sonos' shares. Their SONO share price forecasts range from $20.00 to $24.00. On average, they predict the company's stock price to reach $20.80 in the next year. This suggests a possible upside of 62.9% 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 2023? Sonos' stock was trading at $16.90 on January 1st, 2023. Since then, SONO shares have decreased by 24.4% and is now trading at $12.77. View the best growth stocks for 2023 here. When is Sonos' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023. View our SONO earnings forecast. How were Sonos' earnings last quarter? Sonos, Inc. (NASDAQ:SONO) issued its quarterly earnings data on Wednesday, August, 9th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.17. The business had revenue of $373.36 million for the quarter, compared to the consensus estimate of $340.67 million. Sonos had a negative trailing twelve-month return on equity of 2.77% and a negative net margin of 2.59%. 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), Invesco Nasdaq Future Gen 200 ETF (QQQS) and SPDR S&P 600 Small CapValue ETF (SLYV).SPDR S&P 600 Small Cap ETF (SLY). What guidance has Sonos issued on next quarter's earnings? Sonos issued an update on its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.64 billion-$1.66 billion, compared to the consensus revenue estimate of $1.64 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? (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. What is Sonos' stock symbol? Sonos trades on the NASDAQ under the ticker symbol "SONO." 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Sonos' stock price today? One share of SONO stock can currently be purchased for approximately $12.77. How much money does Sonos make? Sonos (NASDAQ:SONO) has a market capitalization of $1.64 billion and generates $1.75 billion in revenue each year. The company earns $67.38 million in net income (profit) each year or ($0.35) on an earnings per share basis. How many employees does Sonos have? The company employs 1,844 workers across the globe. Does Sonos have any subsidiaries? The following companies are subsidiares of Sonos: Snips, and Sonos Europe B.V. (Netherlands).Read More How can I contact Sonos? Sonos' mailing address is 614 CHAPALA STREET, SANTA BARBARA CA, 93101. The official website for the company is www.sonos.com. The company can be reached via phone at (805) 965-3001 or via email at ir@sonos.com. This page (NASDAQ:SONO) was last updated on 10/3/2023 by MarketBeat.com Staff 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. 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