NASDAQ:SONO - Sonos Stock Price, News & Analysis

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

Sonos Inc (NASDAQ:SONO) posted its earnings results on Wednesday, August, 7th. The company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.23) by $0.10. The company had revenue of $260.12 million for the quarter, compared to analyst estimates of $245.54 million. Sonos had a net margin of 1.86% and a return on equity of 8.69%. The business's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the business posted ($0.45) earnings per share. View Sonos' Earnings History.

Sonos is scheduled to release their next quarterly earnings announcement on Thursday, November 21st 2019. View Earnings Estimates for Sonos.

7 Wall Street analysts have issued 1 year price targets for Sonos' stock. Their predictions range from $14.00 to $25.00. On average, they anticipate Sonos' share price to reach $20.8571 in the next year. This suggests a possible upside of 75.1% from the stock's current price. View Analyst Price Targets for Sonos.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sonos.

News stories about SONO stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sonos earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Sonos.

Sonos saw a increase in short interest during the month of July. As of July 15th, there was short interest totalling 11,136,900 shares, an increase of 12.8% from the June 15th total of 9,875,100 shares. Based on an average daily trading volume, of 984,800 shares, the days-to-cover ratio is currently 11.3 days. Currently, 28.6% of the shares of the stock are short sold. View Sonos' Current Options Chain.

Some companies that are related to Sonos include Knowles (KN), Universal Electronics (UEIC), Technicolor (TCLRY), Arlo Technologies (ARLO), LRAD (LRAD), Koss (KOSS), The Guitammer (GTMM) and Provision (PVHO).

Based on aggregate information from My MarketBeat watchlists, some companies that other Sonos investors own include NVIDIA (NVDA), Avon Products (AVP), Micron Technology (MU), Alibaba Group (BABA), Alphabet (GOOG), Roku (ROKU), Netflix (NFLX), General Electric (GE), Activision Blizzard (ATVI) and Baidu (BIDU).

(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 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 many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.62%), BlackRock Inc. (3.31%), JPMorgan Chase & Co. (1.92%), Nuveen Asset Management LLC (1.34%), Morgan Stanley (0.97%) and Trigran Investments Inc. (0.84%). Company insiders that own Sonos stock include Michael Giannetto, Michelangelo Volpi, Nicholas Millington, Patrick Spence and Ventures Growth I (Jerse Index. View Institutional Ownership Trends for Sonos.

SONO stock was sold by a variety of institutional investors in the last quarter, including HBK Investments L P, Potrero Capital Research LLC, Jacobs Levy Equity Management Inc., AlpInvest Partners B.V., Price T Rowe Associates Inc. MD, Alambic Investment Management L.P., JPMorgan Chase & Co. and NumerixS Investment Technologies Inc. Company insiders that have sold Sonos company stock in the last year include Michael Giannetto, Michelangelo Volpi, Nicholas Millington, Patrick Spence and Ventures Growth I (Jerse Index. View Insider Buying and Selling for Sonos.

SONO stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Nuveen Asset Management LLC, Vanguard Group Inc., Trigran Investments Inc., Tenzing Global Management LLC, Morgan Stanley, Bank of New York Mellon Corp and D. E. Shaw & Co. Inc.. View Insider Buying and Selling for Sonos.

Shares of SONO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of SONO stock can currently be purchased for approximately $11.91.

Sonos has a market capitalization of $1.27 billion and generates $1.14 billion in revenue each year. The company earns $-15,600,000.00 in net income (profit) each year or ($0.24) on an earnings per share basis. Sonos employs 1,352 workers across the globe.View Additional Information About Sonos.

The official website for Sonos is http://www.sonos.com/.

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]