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S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
BREAKING: Tiny biotech successfully treats blindness (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
BREAKING: Tiny biotech successfully treats blindness (Ad)
Peloton and Lululemon, Does the Deal Make Sense?
2 Seasonal Stocks to Warm Up Your Portfolio
66,000% upside on tiny biotech? (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
BREAKING: Tiny biotech successfully treats blindness (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
BREAKING: Tiny biotech successfully treats blindness (Ad)
Peloton and Lululemon, Does the Deal Make Sense?
2 Seasonal Stocks to Warm Up Your Portfolio
66,000% upside on tiny biotech? (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
BREAKING: Tiny biotech successfully treats blindness (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
BREAKING: Tiny biotech successfully treats blindness (Ad)
Peloton and Lululemon, Does the Deal Make Sense?
2 Seasonal Stocks to Warm Up Your Portfolio
66,000% upside on tiny biotech? (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
NASDAQ:SONO

Sonos (SONO) Stock Forecast, Price & News

$12.81
-0.10 (-0.77%)
(As of 10/2/2023 ET)
Compare
Today's Range
$12.70
$12.93
50-Day Range
$12.60
$17.31
52-Week Range
$12.44
$21.98
Volume
1.25 million shs
Average Volume
1.95 million shs
Market Capitalization
$1.64 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.80

Sonos MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
62.4% Upside
$20.80 Price Target
Short Interest
Bearish
10.99% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.55mentions of Sonos in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$738,841 Sold Last Quarter
Proj. Earnings Growth
37.84%
From $0.37 to $0.51 Per Share

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 stars

Consumer Discretionary Sector

169th out of 277 stocks

Household Audio & Video Equipment Industry

6th out of 8 stocks


SONO stock logo

About Sonos (NASDAQ:SONO) Stock

Sonos, 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.

SONO Price History

SONO Stock News Headlines

LG vs Sonos Soundbars: Which Is Better?
How A.I. Could Make Most 21st Century Diseases EXTINCT
On 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...
Sonos Move 2 review: Worth the weight
How A.I. Could Make Most 21st Century Diseases EXTINCT
On 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...
6 Reasons to Avoid a Sonos Arc at All Costs
Sonos Era 300 vs Bluesound Pulse M
Sonos Move 2
See More Headlines
Receive SONO Stock News and Ratings via Email

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SONO Company Calendar

Last Earnings
8/09/2023
Today
10/02/2023
Next Earnings (Estimated)
11/15/2023
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Household audio & video equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:SONO
Fax
N/A
Employees
1,844
Year Founded
2002

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$67.38 million
Pretax Margin
-1.84%

Debt

Sales & Book Value

Annual Sales
$1.75 billion
Cash Flow
$0.82 per share
Book Value
$4.40 per share

Miscellaneous

Free Float
124,244,000
Market Cap
$1.64 billion
Optionable
Optionable
Beta
1.87

Social Links

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Key Executives

  • Mr. Patrick SpenceMr. Patrick Spence (Age 48)
    CEO, Pres & Director
    Comp: $574.58k
  • Mr. Edward P. Lazarus (Age 64)
    CFO, Chief Legal Officer & Corp. Sec.
    Comp: $408.39k
  • Mr. Nicholas MillingtonMr. Nicholas Millington (Age 46)
    Chief Innovation Officer
    Comp: $400.41k
  • Mr. Thomas Cullen
    Co-Founder and VP of Sales & Marketing
  • Mr. Christopher Scott Mason (Age 56)
    Sr. VP, Chief Accounting Officer, Treasurer & Principal Accounting Officer
  • Mr. Michael Groeninger
    VP of Corp. Fin.
  • Mr. Cammeron Finnegan McLaughlin
    VP of Investor Relations
  • Ms. Shamayne Braman
    Chief People Officer
  • Mr. Maxime Bouvat-Merlin (Age 47)
    Chief Product Officer
  • Ms. Rebecca Zavin
    Sr. VP of Software













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 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

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