S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Lots of sound and fury on US debt, but not a crisis — yet
Is This The End of Capitalism? (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
The Next Big Crisis Is Here (Ad)
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Online system to seek asylum in US is quickly overwhelmed
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Lots of sound and fury on US debt, but not a crisis — yet
Is This The End of Capitalism? (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
The Next Big Crisis Is Here (Ad)
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Online system to seek asylum in US is quickly overwhelmed
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Lots of sound and fury on US debt, but not a crisis — yet
Is This The End of Capitalism? (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
The Next Big Crisis Is Here (Ad)
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Online system to seek asylum in US is quickly overwhelmed
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
Is This The End of Capitalism? (Ad)
MarketBeat Week in Review – 1/23- 1/27
Lots of sound and fury on US debt, but not a crisis — yet
Is This The End of Capitalism? (Ad)
Italy's premier visits Libya for talks on energy, migration
Japan firm opens whale meat vending machines to push sales
The Next Big Crisis Is Here (Ad)
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Online system to seek asylum in US is quickly overwhelmed
NASDAQ:SONO

Sonos - SONO Stock Forecast, Price & News

$18.55
+0.07 (+0.38%)
(As of 01/27/2023 12:00 AM ET)
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Compare
Today's Range
$18.41
$18.63
50-Day Range
$15.97
$18.49
52-Week Range
$13.65
$31.22
Volume
1.44 million shs
Average Volume
1.09 million shs
Market Capitalization
$2.36 billion
P/E Ratio
43.14
Dividend Yield
N/A
Price Target
$24.50

Sonos MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
32.1% Upside
$24.50 Price Target
Short Interest
Healthy
5.03% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.77mentions of Sonos in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
242.11%
From $0.19 to $0.65 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.48 out of 5 stars

Consumer Discretionary Sector

85th out of 276 stocks

Household Audio & Video Equipment Industry

3rd out of 7 stocks


SONO stock logo

About Sonos (NASDAQ:SONO) Stock

Sonos, 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.

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SONO Stock News Headlines

The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Best Wireless Multiroom Speakers of 2023
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Sonos, Inc. (NASDAQ:SONO) Q4 2022 Earnings Call Transcript
Got $200? 2 Simple Stocks to Buy Right Now
Sonos ‘in pretty stable condition right now,’ CEO says
Sonos stock rises on narrower-than-expected earnings loss
Sonos Inc (SONO) Q4 2022 Earnings Call Transcript
Sonos: Uncertain Prospects In An Uncertain Environment
See More Headlines
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SONO Company Calendar

Last Earnings
11/16/2022
Today
1/28/2023
Next Earnings (Confirmed)
2/08/2023
Fiscal Year End
9/30/2023

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
$24.50
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+32.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$67.38 million
Pretax Margin
3.92%

Debt

Sales & Book Value

Annual Sales
$1.75 billion
Cash Flow
$0.84 per share
Book Value
$4.40 per share

Miscellaneous

Free Float
123,359,000
Market Cap
$2.36 billion
Optionable
Optionable
Beta
1.89

Social Links


Key Executives

  • Patrick SpencePatrick Spence
    President, Chief Executive Officer & Director
  • Maxime Bouvat-Merlin
    Senior VP-Hardware & Operations
  • Edward Peter Lazarus
    CFO, Secretary & Chief Legal Officer
  • Ruth Sleeter
    Chief Information Officer & SVP
  • Chris Mason
    Chief Accounting Officer & Senior Vice President













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 brokerages have issued 12 month target prices for Sonos' shares. Their SONO share price forecasts range from $17.00 to $35.00. On average, they anticipate the company's stock price to reach $24.50 in the next year. This suggests a possible upside of 32.1% 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 beginning of 2023. Since then, SONO shares have increased by 9.8% and is now trading at $18.55.
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, February 8th 2023.
View our SONO earnings forecast
.

How can I listen to Sonos' earnings call?

Sonos will be holding an earnings conference call on Wednesday, February 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Sonos' earnings last quarter?

Sonos, Inc. (NASDAQ:SONO) issued its earnings results on Wednesday, November, 16th. The company reported ($0.50) EPS for the quarter, missing analysts' consensus estimates of ($0.43) by $0.07. The firm earned $316.29 million during the quarter, compared to analysts' expectations of $302.51 million. Sonos had a trailing twelve-month return on equity of 13.89% and a net margin of 3.85%.

What guidance has Sonos issued on next quarter's earnings?

Sonos issued an update on its FY 2023 earnings guidance on Thursday, November, 17th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.70 billion-$1.80 billion, compared to the consensus revenue estimate of $1.72 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 variety of retail and institutional investors. Top institutional investors include Deroy & Devereaux Private Investment Counsel Inc. (0.77%), Peregrine Capital Management LLC (0.29%), Yousif Capital Management LLC (0.06%), Comerica Bank (0.06%), Barry Investment Advisors LLC (0.05%) and Maryland State Retirement & Pension System (0.04%). Insiders that own company stock include 2006 Fund LP Kkr, Anna Fraser, Brittany Bagley, David Perri, Joanna Coles, John Maeda, Julius Genachowski, Matthew O Siegel, Matthew O Siegel, Michelangelo Volpi, Nicholas Millington and Patrick Spence.
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 $18.55.

How much money does Sonos make?

Sonos (NASDAQ:SONO) has a market capitalization of $2.36 billion and generates $1.75 billion in revenue each year. The company earns $67.38 million in net income (profit) each year or $0.43 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 1/28/2023 by MarketBeat.com Staff