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QQQ   324.08
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The Safest Option in Trades! (Ad)pixel
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
The Safest Option in Trades! (Ad)pixel
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Why Invest in High-Yield Dividend Stocks?
3 Stable Growth Stocks for Bumpy Times
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
The Safest Option in Trades! (Ad)pixel
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
The Safest Option in Trades! (Ad)pixel
NASDAQ:SONO

Sonos - SONO Stock Forecast, Price & News

$17.09
-5.68 (-24.95%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$16.90
$19.13
50-Day Range
$17.92
$23.20
52-Week Range
$16.90
$42.57
Volume
26.30 million shs
Average Volume
2.95 million shs
Market Capitalization
$2.19 billion
P/E Ratio
17.44
Dividend Yield
N/A
Price Target
$34.25

Sonos MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
68.2% Upside
$28.75 Price Target
Short Interest
Healthy
8.11% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.11mentions of Sonos in the last 14 days
Based on 37 Articles This Week
Insider Trading
Selling Shares
$5.20 M Sold Last Quarter
Proj. Earnings Growth
25.69%
From $1.09 to $1.37 Per Share

Overall MarketRank

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

2.79 out of 5 stars

Consumer Discretionary Sector

70th out of 289 stocks

Household Audio & Video Equipment Industry

2nd out of 8 stocks

SONO stock logo

About Sonos (NASDAQ:SONO) Stock

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.

Sonos Stock Performance

NASDAQ:SONO traded down $5.74 during trading hours on Thursday, reaching $17.03. The stock had a trading volume of 786,133 shares, compared to its average volume of 1,708,049. The stock has a market capitalization of $2.18 billion, a PE ratio of 18.08, a PEG ratio of 2.20 and a beta of 1.91. Sonos has a 52 week low of $17.43 and a 52 week high of $42.57. The company has a 50 day moving average price of $20.48 and a two-hundred day moving average price of $23.35.

Sonos (NASDAQ:SONO - Get Rating) last released its quarterly earnings results on Wednesday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.02. Sonos had a net margin of 7.83% and a return on equity of 32.39%. The company had revenue of $399.78 million for the quarter, compared to the consensus estimate of $361.40 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Equities research analysts predict that Sonos will post 1.09 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SONO. Jefferies Financial Group lowered their price objective on Sonos from $45.00 to $35.00 in a research report on Tuesday, May 31st. TheStreet cut Sonos from a "b-" rating to a "c" rating in a report on Wednesday, May 11th. Morgan Stanley dropped their price target on Sonos from $28.00 to $20.00 and set an "equal weight" rating for the company in a research note on Thursday. DA Davidson reduced their price objective on shares of Sonos from $49.00 to $40.00 in a research report on Thursday, May 12th. Finally, Stifel Nicolaus dropped their target price on shares of Sonos from $24.00 to $20.00 and set a "hold" rating for the company in a research report on Thursday.

Insider Activity

In related news, insider Matthew O. Siegel sold 202,945 shares of Sonos stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $19.25, for a total value of $3,906,691.25. Following the completion of the transaction, the insider now owns 68,339 shares in the company, valued at $1,315,525.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Patrick Spence sold 65,237 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $18.96, for a total transaction of $1,236,893.52. Following the sale, the chief executive officer now owns 727,690 shares in the company, valued at approximately $13,797,002.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew O. Siegel sold 202,945 shares of Sonos stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $19.25, for a total transaction of $3,906,691.25. Following the transaction, the insider now directly owns 68,339 shares of the company's stock, valued at $1,315,525.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 270,897 shares of company stock worth $5,201,921. 3.60% of the stock is currently owned by corporate insiders.

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SONO Stock News Headlines

Looking At Sonos Recent Whale Trades - Benzinga
Sonos stock tumbles following slash to revenue forecast
Sonos (SONO) Scheduled to Post Quarterly Earnings on Wednesday
Sonos promo codes for 08 2022
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SONO Company Calendar

Last Earnings
11/16/2021
Today
8/11/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/16/2022

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

Price Target and Rating

Average Stock Price Forecast
$28.75
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+100.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
3 Analysts

Profitability

Net Income
$158.60 million
Pretax Margin
7.98%

Debt

Sales & Book Value

Annual Sales
$1.72 billion
Cash Flow
$1.74 per share
Book Value
$4.52 per share

Miscellaneous

Free Float
123,285,000
Market Cap
$2.19 billion
Optionable
Optionable
Beta
1.91

Social Links















SONO Stock - Frequently Asked Questions

Should I buy or sell Sonos stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 2 hold ratings and 1 buy rating 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 2022?

3 brokers have issued twelve-month price targets for Sonos' stock. Their SONO share price forecasts range from $20.00 to $40.00. On average, they expect the company's share price to reach $28.75 in the next year. This suggests a possible upside of 68.2% 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 2022?

Sonos' stock was trading at $29.80 at the beginning of the year. Since then, SONO stock has decreased by 42.7% and is now trading at $17.09.
View the best growth stocks for 2022 here
.

When is Sonos' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 16th 2022.
View our SONO earnings forecast
.

How were Sonos' earnings last quarter?

Sonos, Inc. (NASDAQ:SONO) announced its earnings results on Tuesday, November, 16th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. The business had revenue of $359.54 million for the quarter, compared to the consensus estimate of $360.23 million. Sonos had a net margin of 7.83% and a trailing twelve-month return on equity of 32.39%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share.

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 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.

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 number of institutional and retail investors. Top institutional investors include Franklin Resources Inc. (3.04%), JPMorgan Chase & Co. (2.74%), Trigran Investments Inc. (2.40%), Principal Financial Group Inc. (1.01%), Deroy & Devereaux Private Investment Counsel Inc. (0.79%) and Thornburg Investment Management Inc. (0.54%). 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 $17.09.

How much money does Sonos make?

Sonos (NASDAQ:SONO) has a market capitalization of $2.19 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?

The company 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 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 8/12/2022 by MarketBeat.com Staff

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