Sonos - SONO Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research 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.
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2 analysts have issued 12 month price targets for Sonos' stock. Their SONO share price forecasts range from $20.00 to $35.00. On average, they expect the company's share price to reach $26.00 in the next year. This suggests a possible upside of 83.9% from the stock's current price.
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Sonos' stock was trading at $29.80 on January 1st, 2022. Since then, SONO stock has decreased by 52.6% and is now trading at $14.14.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 16th 2022.
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Sonos, Inc. (NASDAQ:SONO) announced its quarterly 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 company earned $359.54 million during the quarter, compared to analysts' expectations of $360.23 million. Sonos had a net margin of 6.83% and a trailing twelve-month return on equity of 25.44%. The company's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS.

Sonos issued an update on its FY 2022 earnings guidance on Friday, September, 23rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.73 billion-$1.75 billion, compared to the consensus revenue estimate of $1.74 billion.

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 (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.

Sonos trades on the NASDAQ under the ticker symbol "SONO."

Sonos' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Coliseum Capital Management LLC (4.25%), State Street Corp (3.37%), Thrivent Financial for Lutherans (3.21%), Franklin Resources Inc. (3.04%), JPMorgan Chase & Co. (2.74%) and Trigran Investments Inc. (2.40%). 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.
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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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One share of SONO stock can currently be purchased for approximately $14.14.

Sonos (NASDAQ:SONO) has a market capitalization of $1.80 billion and generates $1.72 billion in revenue each year. The company earns $158.60 million in net income (profit) each year or $0.86 on an earnings per share basis.

The company employs 1,525 workers across the globe.

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.