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S&P 500   3,825.33
DOW   31,097.26
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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NASDAQ:SONO

Sonos Stock Forecast, Price & News

$17.92
-0.12 (-0.67%)
(As of 07/1/2022 12:00 AM ET)
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Compare
Today's Range
$17.68
$18.48
50-Day Range
$17.92
$24.32
52-Week Range
$17.68
$42.57
Volume
1.93 million shs
Average Volume
2.98 million shs
Market Capitalization
$2.29 billion
P/E Ratio
18.29
Dividend Yield
N/A
Price Target
$34.25

Sonos Stock Forecast (MarketRank)

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
91.1% Upside
$34.25 Price Target
Short Interest
Healthy
9.81% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.49mentions of Sonos in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$5.63 M Sold Last Quarter
Proj. Earnings Growth
28.44%
From $1.09 to $1.40 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.00 out of 5 stars

Consumer Discretionary Sector

99th out of 404 stocks

Household Audio & Video Equipment Industry

1st out of 12 stocks

30 days | 90 days | 365 days | Advanced Chart

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Sonos logo

About Sonos (NASDAQ:SONO)

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 Stock News Headlines

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The jobs report is adding another layer of uncertainty to the markets which are down in mid-morning trading. At times like this, let the MarketBeat team give you the insight you need. Here are some of the stocks they were looking at this week
Sonos (NASDAQ:SONO) Reaches New 12-Month Low at $18.90
See More Headlines

Industry, Sector and Symbol

Industry
Household audio & video equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:SONO
Fax
N/A
Employees
1,525
Year Founded
2002

Company Calendar

Last Earnings
5/11/2022
Today
7/02/2022
Next Earnings (Estimated)
8/10/2022
Fiscal Year End
9/30/2022

Price Target and Rating

Average Stock Price Forecast
$34.25
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+91.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.5
Research Coverage
2 Analysts

Profitability

Net Income
$158.60 million
Pretax Margin
7.98%

Debt

Sales & Book Value

Annual Sales
$1.72 billion
Cash Flow
$1.98 per share
Book Value
$4.52 per share

Miscellaneous

Free Float
123,285,000
Market Cap
$2.29 billion
Optionable
Optionable
Beta
1.86

Social Links















Sonos Frequently Asked Questions

Should I buy or sell Sonos stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Sonos stock.
View analyst ratings for Sonos
or view top-rated stocks.

What is Sonos' stock price forecast for 2022?

2 brokerages have issued 12-month price objectives for Sonos' stock. Their SONO stock forecasts range from $28.00 to $40.00. On average, they expect Sonos' stock price to reach $34.25 in the next twelve months. This suggests a possible upside of 91.1% from the stock's current price.
View analysts' price targets for Sonos
or view top-rated stocks among Wall Street analysts.

How has Sonos' stock price performed in 2022?

Sonos' stock was trading at $29.80 at the beginning of 2022. Since then, SONO shares have decreased by 39.9% and is now trading at $17.92.
View the best growth stocks for 2022 here
.

When is Sonos' next earnings date?

Sonos is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022.
View our earnings forecast for Sonos
.

How were Sonos' earnings last quarter?

Sonos, Inc. (NASDAQ:SONO) posted its quarterly earnings results on Wednesday, May, 11th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $399.78 million for the quarter, compared to analyst estimates of $361.40 million. Sonos had a net margin of 7.83% and a trailing twelve-month return on equity of 32.39%. During the same quarter last year, the company earned $0.31 EPS.
View Sonos' earnings history
.

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

Sonos updated its FY 2022 earnings guidance on Wednesday, June, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.95 billion-$2.00 billion, compared to the consensus revenue estimate of $1.97 billion.

Who are Sonos' key executives?

Sonos' management team includes the following people:

What is Patrick Spence's approval rating as Sonos' CEO?

79 employees have rated Sonos CEO Patrick Spence on Glassdoor.com. Patrick Spence has an approval rating of 98% among Sonos' 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), Square (SQ), Alibaba Group (BABA), PayPal (PYPL), QUALCOMM (QCOM) and Micron Technology (MU).

When did Sonos IPO?

(SONO) raised $250 million in an IPO 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 acted 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 many different institutional and retail investors. Top institutional shareholders include Insight Wealth Strategies LLC (0.02%). Company insiders that own Sonos 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 for Sonos
.

Which major investors are selling Sonos stock?

SONO stock was sold by a variety of institutional investors in the last quarter, including Insight Wealth Strategies LLC. Company insiders that have sold Sonos company stock in the last two years include Anna Fraser, Brittany Bagley, Joanna Coles, Julius Genachowski, Matthew O Siegel, Michelangelo Volpi, Nicholas Millington, and Patrick Spence.
View insider buying and selling activity for Sonos
or view top insider-selling stocks.

How do I buy shares of Sonos?

Shares of SONO 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 $17.92.

How much money does Sonos make?

Sonos (NASDAQ:SONO) has a market capitalization of $2.29 billion and generates $1.72 billion in revenue each year. The company earns $158.60 million in net income (profit) each year or $0.98 on an earnings per share basis.

How many employees does Sonos have?

Sonos employs 1,525 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

When was Sonos founded?

Sonos was founded in 2002.

How can I contact Sonos?

Sonos' mailing address is 614 CHAPALA STREET, SANTA BARBARA CA, 93101. The official website for Sonos is www.sonos.com. The company can be reached via phone at (805) 965-3001 or via email at [email protected].

This page (NASDAQ:SONO) was last updated on 7/2/2022 by MarketBeat.com Staff

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