Sonos Stock Forecast, Price & News

Sonos' stock was trading at $9.84 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SONO stock has increased by 52.8% and is now trading at $15.04.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Sonos is scheduled to release its next quarterly earnings announcement on Wednesday, November 18th 2020.
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Sonos Inc (NASDAQ:SONO) announced its quarterly earnings results on Wednesday, August, 5th. The company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.29) by $0.05. The business earned $249.31 million during the quarter, compared to the consensus estimate of $234.21 million. Sonos had a negative net margin of 5.32% and a negative return on equity of 12.52%.
View Sonos' earnings history.

Sonos updated its FY 2020 After-Hours earnings guidance on Wednesday, August, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.277-1.292 billion, compared to the consensus revenue estimate of $1.25 billion.

7 equities research analysts have issued 1-year target prices for Sonos' shares. Their forecasts range from $7.50 to $20.00. On average, they expect Sonos' stock price to reach $16.00 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price.
View analysts' price targets for Sonos.

Sonos saw a decline in short interest in August. As of August 31st, there was short interest totaling 7,140,000 shares, a decline of 13.8% from the August 15th total of 8,280,000 shares. Based on an average daily trading volume, of 5,740,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 6.9% of the company's shares are short sold.
View Sonos' Short Interest.

Some companies that are related to Sonos include Knowles (KN), Universal Electronics (UEIC), Arlo Technologies (ARLO), LRAD (GNSS), LRAD (LRAD), Technicolor (TCLRY), Koss (KOSS), Emerson Radio (MSN), Integrated Media Technology (IMTE), Provision (PVHO), Hollund Industrial Marine (HIMR) and The Guitammer (GTMM).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Sonos investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Square (SQ), Boeing (BA), Alibaba Group (BABA), Paypal (PYPL), Docusign (DOCU), Mastercard (MA) and QUALCOMM (QCOM).

(SONO) raised $250 million in an initial public offering 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 trades on the NASDAQ under the ticker symbol "SONO."

Sonos' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.65%), Point72 Asset Management L.P. (3.03%), Nuveen Asset Management LLC (1.47%), Corriente Advisors LLC (1.42%), Jacobs Levy Equity Management Inc. (1.23%) and Bank of Montreal Can (1.15%). Company insiders that own Sonos stock include 2006 Fund LP Kkr, Anna Fraser, David Perri, John Maeda, 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 Two Sigma Advisers LP, Marshall Wace North America L.P., Raymond James Financial Services Advisors Inc., Goldman Sachs Group Inc., Engineers Gate Manager LP, PDT Partners LLC, SG Americas Securities LLC, and Charles Schwab Investment Management Inc.. Company insiders that have sold Sonos company stock in the last year include 2006 Fund LP Kkr, Anna Fraser, David Perri, John Maeda, Michelangelo Volpi, and Nicholas Millington.
View insider buying and selling activity for Sonos.

SONO stock was purchased by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Corriente Advisors LLC, Vanguard Group Inc., Deroy & Devereaux Private Investment Counsel Inc., Portolan Capital Management LLC, Parian Global Management LP, Crestwood Capital Management L.P., and Bank of America Corp DE.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of SONO stock can currently be purchased for approximately $15.04.

Sonos has a market capitalization of $1.66 billion and generates $1.26 billion in revenue each year. The company earns $-4,770,000.00 in net income (profit) each year or ($0.05) on an earnings per share basis. Sonos employs 1,446 workers across the globe.

The official website for Sonos is 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]