NASDAQ:SONO

Sonos Stock Forecast, Price & News

$33.80
+0.43 (+1.29 %)
(As of 07/29/2021 02:40 PM ET)
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Today's Range
$33.36
$34.21
50-Day Range
$32.23
$37.56
52-Week Range
$12.40
$44.72
Volume36,536 shs
Average Volume2.50 million shs
Market Capitalization$4.21 billion
P/E Ratio44.47
Dividend YieldN/A
Beta1.9
30 days | 90 days | 365 days | Advanced Chart
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Sonos logo

About Sonos

Sonos, Inc. provides 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 2002 and is headquartered in Santa Barbara, CA.

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MarketRank

Overall MarketRank

1.55 out of 5 stars

Consumer Discretionary Sector

255th out of 617 stocks

Household Audio & Video Equipment Industry

8th out of 18 stocks

Analyst Opinion: 1.3Community Rank: 3.6Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Sonos (NASDAQ:SONO) Frequently Asked Questions

Is Sonos a buy right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Sonos stock.
View analyst ratings for Sonos
or view top-rated stocks.

What stocks does MarketBeat like better than Sonos?

Wall Street analysts have given Sonos a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Sonos wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Sonos?

Sonos saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 7,940,000 shares, an increase of 21.4% from the May 31st total of 6,540,000 shares. Based on an average daily trading volume, of 2,370,000 shares, the short-interest ratio is presently 3.4 days. Approximately 6.5% of the company's shares are short sold.
View Sonos' Short Interest
.

When is Sonos' next earnings date?

Sonos is scheduled to release its next quarterly earnings announcement on Wednesday, August 11th 2021.
View our earnings forecast for Sonos
.

How can I listen to Sonos' earnings call?

Sonos will be holding an earnings conference call on Wednesday, August 11th 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 quarterly earnings results on Wednesday, May, 12th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.53. The business earned $332.95 million during the quarter, compared to analysts' expectations of $248.48 million. Sonos had a trailing twelve-month return on equity of 43.14% and a net margin of 7.08%. The firm's quarterly revenue was up 90.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.48) earnings per share.
View Sonos' earnings history
.

How has Sonos' stock been impacted by COVID-19 (Coronavirus)?

Sonos' stock was trading at $9.84 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SONO stock has increased by 244.9% and is now trading at $33.94.
View which stocks have been most impacted by COVID-19
.

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

Sonos issued an update on its FY 2021 earnings guidance on Tuesday, June, 8th. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $1.63 billion-1.68 billion, compared to the consensus revenue estimate of $1.56 billion.

What price target have analysts set for SONO?

8 brokers have issued 12-month price targets for Sonos' stock. Their forecasts range from $16.00 to $47.00. On average, they anticipate Sonos' share price to reach $29.43 in the next twelve months. This suggests that the stock has a possible downside of 13.3%.
View analysts' price targets for Sonos
or view top-rated stocks among Wall Street analysts.

Who are Sonos' key executives?

Sonos' management team includes the following people:
  • Patrick Spence, President, Chief Executive Officer & Director
  • Maxime Bouvat-Merlin, Senior VP-Hardware & Operations
  • Brittany Bagley, Chief Financial Officer
  • Nicholas John Millington, Chief Innovation Officer
  • Matthew Siegel, Chief Commercial Officer

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.

Who are some of Sonos' key competitors?

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), The 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 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 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 a number of retail and institutional investors. Top institutional shareholders include Deroy & Devereaux Private Investment Counsel Inc. (0.72%), Compagnie Lombard Odier SCmA (0.15%), Hillsdale Investment Management Inc. (0.13%), Usca Ria LLC (0.04%), Symmetry Investments LP (0.01%) and Loudon Investment Management LLC (0.00%). Company insiders that own Sonos stock include 2006 Fund LP Kkr, Anna Fraser, David Perri, John Maeda, Julius Genachowski, 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 Usca Ria LLC, Deroy & Devereaux Private Investment Counsel Inc., and Hillsdale Investment Management Inc.. Company insiders that have sold Sonos company stock in the last year include Anna Fraser, 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.

Which major investors are buying Sonos stock?

SONO stock was acquired by a variety of institutional investors in the last quarter, including Compagnie Lombard Odier SCmA, Symmetry Investments LP, and Loudon Investment Management LLC.
View insider buying and selling activity for Sonos
or or view top insider-buying 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 $33.94.

How much money does Sonos make?

Sonos has a market capitalization of $4.23 billion and generates $1.33 billion in revenue each year. The company earns $-20,110,000.00 in net income (profit) each year or ($0.18) on an earnings per share basis.

How many employees does Sonos have?

Sonos employs 1,427 workers across the globe.

What is Sonos' official website?

The official website for Sonos is www.sonos.com.

Where are Sonos' headquarters?

Sonos is headquartered at 614 CHAPALA STREET, SANTA BARBARA CA, 93101.

How can I contact Sonos?

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


This page was last updated on 7/29/2021 by MarketBeat.com Staff
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