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

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.

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.
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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.
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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.

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

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.

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).

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.

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).

(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.

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.

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.
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