NASDAQ:SONO Sonos (SONO) Stock Forecast, Price & News $15.90 -0.08 (-0.50%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$15.80▼$16.2150-Day Range$14.31▼$21.7852-Week Range$13.65▼$24.56Volume1.87 million shsAverage Volume2.00 million shsMarket Capitalization$2.04 billionP/E RatioN/ADividend YieldN/APrice Target$21.33 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainShort InterestSocial Media Sonos MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside34.2% Upside$21.33 Price TargetShort InterestBearish10.37% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.38Based on 14 Articles This WeekInsider TradingSelling Shares$390,083 Sold Last QuarterProj. Earnings Growth362.50%From $0.08 to $0.37 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.2.14 out of 5 starsConsumer Discretionary Sector136th out of 260 stocksHousehold Audio & Video Equipment Industry4th out of 7 stocks 3.0 Analyst's Opinion Consensus RatingSonos has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.33, Sonos has a forecasted upside of 34.2% from its current price of $15.90.Amount of Analyst CoverageSonos has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted10.37% of the float of Sonos has been sold short.Short Interest Ratio / Days to CoverSonos has a short interest ratio ("days to cover") of 6.8.Change versus previous monthShort interest in Sonos has recently increased by 5.17%, indicating that investor sentiment is decreasing 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 3.0 News and Social Media Coverage News SentimentSonos has a news sentiment score of 0.38. 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 0.57 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Sonos this week, compared to 6 articles on an average week.Search Interest22 people have searched for SONO on MarketBeat in the last 30 days. This is an increase of 1,000% compared to the previous 30 days.MarketBeat Follows4 people have added Sonos to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 $390,083.00 in company stock.Percentage Held by InsidersOnly 3.13% of the stock of Sonos is held by insiders.Percentage Held by Institutions85.64% 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 362.50% in the coming year, from $0.08 to $0.37 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Sonos is -93.52, 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 -93.52, 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 51.77. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSonos has a P/B Ratio of 3.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Sonos (NASDAQ:SONO) StockSonos, Inc. engages in the provision of multi-room wireless smart home sound systems. It supports streaming services around the world, providing customers with access to music, Internet radio, podcasts and audiobooks, with control from Android smartphones, iPhone or iPad. The company was founded by Mai Trung, John MacFarlane, Craig A. Shelburne and Thomas S. Cullen in August 2002 and is headquartered in Santa Barbara, CA.Read More 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 Stock News HeadlinesJune 7, 2023 | msn.comSonos sale: Get a rare 25% discount on speakers and soundbarsJune 5, 2023 | news.yahoo.comBest Buy’s Father’s Day Sale Has Google Pixel Earbuds & Sonos Speakers For Way LessJune 7, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!June 5, 2023 | msn.comYou can pick up a new Sonos Soundbar for less than a refurbished model at Best BuyJune 5, 2023 | msn.comThis Rare Sonos Sale Is Taking Up to 25% Off Speakers and Soundbars to Upgrade Your Sound SystemJune 4, 2023 | msn.comSonos is slashing prices on speakers and soundbars ahead of Father’s DayJune 4, 2023 | macrumors.comDeals: Sonos Takes Up to 25% Off Speakers and Sound Bars in New Summer SaleJune 4, 2023 | appleinsider.comRare discounts slash 25% off Sonos speakers, soundbars & subwoofers while supplies lastJune 7, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.June 3, 2023 | msn.comThere’s a massive Sonos sale happening this weekendJune 2, 2023 | cnn.comPhilips’ Fidelio FB1 soundbar delivers wide and bassy sound for less than the Sonos ArcJune 2, 2023 | cnn.comUpgrade your sound system with this sale on Sonos speakersMay 31, 2023 | news.yahoo.comBig Sonos sale: nab up to 25% off soundbars and smart speakers 'til June 12May 30, 2023 | msn.comSonos kills local file playback from app - what are the alternatives?May 30, 2023 | msn.comHere's how to save 25% on some Sonos speakersMay 30, 2023 | markets.businessinsider.comJefferies Sticks to Their Buy Rating for Sonos (SONO)May 29, 2023 | msn.comCan You Connect The Sonos Era 300 To The Playbar Or Playbase?May 29, 2023 | msn.comGoogle hit with $32.5 million fine for infringing on Sonos patentMay 29, 2023 | 9to5mac.comSoro app brings HomePod-like intercom to Sonos speakersMay 29, 2023 | msn.comSennheiser vs. Sonos Soundbars: Which One Is Better?May 28, 2023 | msn.comGoogle ordered to pay Sonos $32.5 million over patent infringement disputeMay 27, 2023 | msn.comGoogle Fined By US Court! US Tech Giant to Shell Out 32.5 Mn To Sonos for Patent Infringement Case | DetailsMay 27, 2023 | news.yahoo.comGoogle fined $32.5 million for infringing on Sonos patentMay 27, 2023 | msn.comSonos wins $32.5 million patent infringement victory over GoogleMay 27, 2023 | msn.comHere's Which Streaming Platforms The Sonos Era 300 & 100 Support For Spatial AudioMay 27, 2023 | appleinsider.comGoogle to pay $32.5M as jury sides with Sonos on patent lawsuitMay 25, 2023 | msn.comSamsung's latest Dolby Atmos soundbar package looks set to be a big Sonos rivalSee More Headlines SONO Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SONO Company Calendar Last Earnings11/16/2021Today6/07/2023Next Earnings (Estimated)8/09/2023Fiscal Year End9/30/2023Get 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$21.33 High Stock Price Forecast$24.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+34.0%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.17) Trailing P/E RatioN/A Forward P/E Ratio199.00 P/E Growth51.77Net Income$67.38 million Net Margins-1.21% Pretax Margin-0.93% Return on Equity-3.29% Return on Assets-1.71% Debt Debt-to-Equity RatioN/A Current Ratio2.09 Quick Ratio1.17 Sales & Book Value Annual Sales$1.75 billion Price / Sales1.17 Cash Flow$0.86 per share Price / Cash Flow18.51 Book Value$4.40 per share Price / Book3.62Miscellaneous Outstanding Shares128,320,000Free Float124,306,000Market Cap$2.04 billion OptionableOptionable Beta1.86 Social Links Key ExecutivesPatrick SpencePresident, Chief Executive Officer & DirectorMaxime Bouvat-MerlinSenior VP-Hardware & OperationsEdward Peter LazarusCFO, Secretary & Chief Legal OfficerRuth SleeterChief Information Officer & SVPChris MasonChief Accounting Officer & Senior Vice PresidentKey CompetitorsVIZIONYSE:VZIOMadison Square Garden EntertainmentNYSE:MSGELaureate EducationNASDAQ:LAURCorsair GamingNASDAQ:CRSRCentral Garden & PetNASDAQ:CENTView All CompetitorsInsiders & InstitutionsJoanna ColesSold 905 sharesTotal: $13,575.00 ($15.00/share)Macquarie Group Ltd.Bought 53,987 shares on 6/1/2023Ownership: 0.138%ProShare Advisors LLCBought 762 shares on 5/26/2023Ownership: 0.016%Empower Advisory Group LLCBought 12,117 shares on 5/25/2023Ownership: 0.009%Ameriprise Financial Inc.Bought 2,626 shares on 5/22/2023Ownership: 0.479%View All Insider TransactionsView All Institutional Transactions SONO Stock - Frequently Asked Questions Should I buy or sell Sonos stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SONO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SONO, but not buy additional shares or sell existing shares. View SONO analyst ratings or view top-rated stocks. What is Sonos' stock price forecast for 2023? 2 brokers have issued 1-year price targets for Sonos' stock. Their SONO share price forecasts range from $20.00 to $24.00. On average, they expect the company's stock price to reach $21.33 in the next year. This suggests a possible upside of 34.0% 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 at the start of the year. Since then, SONO stock has decreased by 5.8% and is now trading at $15.92. 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, August 9th 2023. View our SONO earnings forecast. How were Sonos' earnings last quarter? Sonos, Inc. (NASDAQ:SONO) issued its quarterly earnings data on Tuesday, November, 16th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. The company earned $359.54 million during the quarter, compared to analyst estimates of $360.23 million. Sonos had a negative net margin of 1.21% and a negative trailing twelve-month return on equity of 3.29%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS. What ETFs hold Sonos' stock? ETFs with the largest weight of Sonos (NASDAQ:SONO) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco S&P SmallCap Quality ETF (XSHQ), iShares S&P Small-Cap 600 Value ETF (IJS), SPDR S&P 600 Small CapValue ETF (SLYV), Invesco Nasdaq Future Gen 200 ETF (QQQS), Vanguard S&P Small-Cap 600 Value ETF (VIOV), Xtrackers S&P SmallCap 600 ESG ETF (SMLE) and SPDR S&P SmallCap 600 ESG ETF (ESIX). What guidance has Sonos issued on next quarter's earnings? Sonos updated its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.63 billion-$1.68 billion, compared to the consensus revenue estimate of $1.73 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." Who are Sonos' major shareholders? Sonos' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.77%), Thrivent Financial for Lutherans (4.38%), Trigran Investments Inc. (4.24%), State Street Corp (3.72%), Franklin Resources Inc. (3.67%) and Geode Capital Management LLC (1.94%). Insiders that own company stock include 2006 Fund LP Kkr, Anna Fraser, Brittany Bagley, Edward P Lazarus, Joanna Coles, John Maeda, Julius Genachowski, Matthew O Siegel, Matthew O Siegel, Maxime Bouvat-Merlin, Michelangelo Volpi, 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 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 $15.92. How much money does Sonos make? Sonos (NASDAQ:SONO) has a market capitalization of $2.04 billion and generates $1.75 billion in revenue each year. The company earns $67.38 million in net income (profit) each year or ($0.17) 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 6/7/2023 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. 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