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Sonos Stock Price, News & Analysis (NASDAQ:SONO)

$15.16
+0.21 (+1.40%)
(As of 03:39 PM ET)
Compare
Today's Range
$14.98
$15.34
50-Day Range
$9.86
$14.95
52-Week Range
$9.78
$21.98
Volume
1.65 million shs
Average Volume
2.03 million shs
Market Capitalization
$1.90 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$18.60

Sonos MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
22.4% Upside
$18.60 Price Target
Short Interest
Healthy
8.51% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.27mentions of Sonos in the last 14 days
Based on 48 Articles This Week
Insider Trading
Selling Shares
$681,405 Sold Last Quarter
Proj. Earnings Growth
25.49%
From $0.51 to $0.64 Per Share

Overall MarketRank

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

2.06 out of 5 stars

Consumer Discretionary Sector

94th out of 275 stocks

Household Audio & Video Equipment Industry

3rd out of 7 stocks


SONO stock logo

About Sonos Stock (NASDAQ:SONO)

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. 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 Stock Price History

SONO Stock News Headlines

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
See More Headlines
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Company Calendar

Last Earnings
11/16/2021
Today
11/29/2023
Next Earnings (Estimated)
2/14/2024
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
1,867
Year Founded
2002

Price Target and Rating

Average Stock Price Target
$18.60
High Stock Price Target
$24.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+22.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$-10,270,000.00
Pretax Margin
0.27%

Debt

Sales & Book Value

Annual Sales
$1.66 billion
Cash Flow
$0.75 per share
Book Value
$4.14 per share

Miscellaneous

Free Float
121,233,000
Market Cap
$1.90 billion
Optionable
Optionable
Beta
1.86

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Key Executives















SONO Stock Analysis - Frequently Asked Questions

Should I buy or sell Sonos stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SONO shares.
View SONO analyst ratings
or view top-rated stocks.

What is Sonos' stock price target for 2024?

5 brokers have issued 1-year price targets for Sonos' stock. Their SONO share price targets range from $12.00 to $24.00. On average, they expect the company's stock price to reach $18.60 in the next year. This suggests a possible upside of 22.4% 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 10.1% and is now trading at $15.19.
View the best growth stocks for 2023 here
.

Are investors shorting Sonos?

Sonos saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 9,910,000 shares, a drop of 17.3% from the October 31st total of 11,980,000 shares. Based on an average daily volume of 2,130,000 shares, the days-to-cover ratio is presently 4.7 days. Currently, 8.5% of the company's shares are short sold.
View Sonos' Short Interest
.

When is Sonos' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our SONO earnings forecast
.

How were Sonos' earnings last quarter?

Sonos, Inc. (NASDAQ:SONO) posted its quarterly earnings data on Tuesday, November, 16th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04. The firm had revenue of $359.54 million for the quarter, compared to the consensus estimate of $360.23 million. Sonos had a negative net margin of 0.62% and a positive trailing twelve-month return on equity of 3.59%. 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 earned $0.15 earnings per share.

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 a price of $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.

Who are Sonos' major shareholders?

Sonos' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Trigran Investments Inc. (5.22%), Hawk Ridge Capital Management LP (3.19%), Jacobs Levy Equity Management Inc. (2.09%), Schroder Investment Management Group (1.48%), Bank of New York Mellon Corp (1.24%) and Morgan Stanley (1.21%). Insiders that own company stock include Anna Fraser, Brittany Bagley, Edward P Lazarus, Joanna Coles, 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.

Does Sonos have any subsidiaries?
The following companies are subsidiares of Sonos: Snips, and Sonos Europe B.V. (Netherlands).
Read More
This page (NASDAQ:SONO) was last updated on 11/29/2023 by MarketBeat.com Staff

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