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NASDAQ:SONO

Sonos - SONO Stock Forecast, Price & News

$16.17
-0.93 (-5.44%)
(As of 08/19/2022 03:33 PM ET)
Add
Compare
Today's Range
$16.08
$17.03
50-Day Range
$16.94
$23.20
52-Week Range
$16.79
$41.99
Volume
264,043 shs
Average Volume
3.98 million shs
Market Capitalization
$2.06 billion
P/E Ratio
18.80
Dividend Yield
N/A
Price Target
$26.00

Sonos MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
59.6% Upside
$26.00 Price Target
Short Interest
Healthy
8.15% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.10mentions of Sonos in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$5.20 M Sold Last Quarter
Proj. Earnings Growth
3.57%
From $0.56 to $0.58 Per Share

Overall MarketRank

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

2.30 out of 5 stars

Consumer Discretionary Sector

149th out of 288 stocks

Household Audio & Video Equipment Industry

4th 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.

Wall Street Analyst Weigh In

SONO has been the subject of several analyst reports. Morgan Stanley cut their price target on Sonos from $28.00 to $20.00 and set an "equal weight" rating for the company in a report on Thursday, August 11th. DA Davidson dropped their price objective on Sonos to $29.00 in a report on Monday. Jefferies Financial Group dropped their price objective on Sonos from $45.00 to $35.00 in a report on Tuesday, May 31st. TheStreet downgraded Sonos from a "b-" rating to a "c" rating in a report on Wednesday, May 11th. Finally, Stifel Nicolaus dropped their price objective on Sonos from $24.00 to $20.00 and set a "hold" rating for the company in a report on Thursday, August 11th.

Sonos Stock Performance

Shares of SONO Stock opened at $17.10 on Friday. Sonos has a one year low of $16.79 and a one year high of $41.99. The company's 50-day simple moving average is $19.86 and its 200-day simple moving average is $23.11. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 3.31 and a beta of 1.91.

Insider Buying and Selling at Sonos

In related news, insider Matthew O. Siegel sold 202,945 shares of the firm's stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $19.25, for a total transaction of $3,906,691.25. Following the completion of the sale, the insider now directly owns 68,339 shares in the company, valued at $1,315,525.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Matthew O. Siegel sold 202,945 shares of the firm's stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $19.25, for a total transaction of $3,906,691.25. Following the completion of the sale, the insider now directly owns 68,339 shares in the company, valued at $1,315,525.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick Spence sold 65,237 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $13,797,002.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 270,897 shares of company stock worth $5,201,921. 3.60% of the stock is owned by company insiders.

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SONO Stock News Headlines

Is the US Military Secretly Under Chinese Control?
Alarmingly, the answer may be "yes". Communist China now controls 80% of the lithium that powers most US military vehicles and equipment. The threat level is so high that the White House recently declared a state of emergency on lithium...
Sonos Sub Mini update shares bad news
Sonos (NASDAQ:SONO) Price Target Cut to $20.00
Is the US Military Secretly Under Chinese Control?
Alarmingly, the answer may be "yes". Communist China now controls 80% of the lithium that powers most US military vehicles and equipment. The threat level is so high that the White House recently declared a state of emergency on lithium...
Why Sonos Stock Was Falling This Week
Premium Consumer Gadgets Rocked by Slowdown
Looking At Sonos Recent Whale Trades - Benzinga
Sonos stock tumbles following slash to revenue forecast
See More Headlines
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SONO Company Calendar

Last Earnings
11/16/2021
Today
8/19/2022
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
$26.00
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+60.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$158.60 million
Pretax Margin
6.82%

Debt

Sales & Book Value

Annual Sales
$1.72 billion
Cash Flow
$2.14 per share
Book Value
$5.05 per share

Miscellaneous

Free Float
122,671,000
Market Cap
$2.06 billion
Optionable
Optionable
Beta
1.91

Social Links


Key Executives

  • Mr. Patrick SpenceMr. Patrick Spence (Age 47)
    CEO, Pres & Director
    Comp: $523.35k
  • Ms. Brittany BagleyMs. Brittany Bagley (Age 39)
    Chief Financial Officer
    Comp: $983.58k
  • Mr. Edward P. Lazarus (Age 63)
    Chief Legal Officer & Corp. Sec.
    Comp: $775.46k
  • Mr. Matthew O. SiegelMr. Matthew O. Siegel (Age 48)
    Chief Commercial Officer
    Comp: $829.71k
  • Mr. Nicholas MillingtonMr. Nicholas Millington (Age 45)
    Chief Innovation Officer
    Comp: $775.67k
  • Mr. Thomas Cullen
    Co-Founder and VP of Sales & Marketing
  • Mr. Maxime Bouvat-Merlin (Age 46)
    Sr. VP of Hardware & Operations
  • Mr. Michael Groeninger
    VP of Corp. Fin.
  • Mr. Cammeron Finnegan McLaughlin
    VP of Investor Relations
  • Ms. Anna FraserMs. Anna Fraser (Age 40)
    Chief People Officer













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 Wall Street analysts have issued twelve-month price targets for Sonos' shares. Their SONO share price forecasts range from $20.00 to $35.00. On average, they anticipate the company's share price to reach $26.00 in the next twelve months. This suggests a possible upside of 52.0% 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 start of the year. Since then, SONO shares have decreased by 42.6% and is now trading at $17.10.
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) issued 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 business had revenue of $359.54 million for the quarter, compared to the consensus estimate of $360.23 million. Sonos had a trailing twelve-month return on equity of 25.44% and a net margin of 6.83%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share.

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

Sonos updated its FY 2022 earnings guidance on Friday, August, 19th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.73 billion-$1.75 billion, compared to the consensus revenue estimate of $1.96 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 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.

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 many different retail and institutional 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.
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 $17.10.

How much money does Sonos make?

Sonos (NASDAQ:SONO) has a market capitalization of $2.18 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.

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 8/19/2022 by MarketBeat.com Staff

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