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NASDAQ:SONO

Sonos - SONO Stock Forecast, Price & News

$22.96
-0.24 (-1.03%)
(As of 08/8/2022 03:16 PM ET)
Add
Compare
Today's Range
$22.89
$24.54
50-Day Range
$17.92
$23.20
52-Week Range
$17.43
$42.57
Volume
155,701 shs
Average Volume
2.77 million shs
Market Capitalization
$2.94 billion
P/E Ratio
23.43
Dividend Yield
N/A
Price Target
$34.25

Sonos MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
47.6% Upside
$34.25 Price Target
Short Interest
Healthy
9.10% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.35mentions of Sonos in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$5.20 M Sold Last Quarter
Proj. Earnings Growth
28.44%
From $1.09 to $1.40 Per Share

Overall MarketRank

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

2.52 out of 5 stars

Consumer Discretionary Sector

99th out of 366 stocks

Household Audio & Video Equipment Industry

3rd out of 11 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

A number of research firms recently issued reports on SONO. Jefferies Financial Group dropped their price objective on shares of Sonos from $45.00 to $35.00 in a report on Tuesday, May 31st. DA Davidson dropped their price objective on shares of Sonos from $49.00 to $40.00 in a report on Thursday, May 12th. Morgan Stanley downgraded shares of Sonos from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $38.00 to $28.00 in a report on Tuesday, June 14th. Finally, TheStreet downgraded shares of Sonos from a "b-" rating to a "c" rating in a report on Wednesday, May 11th.

Sonos Trading Up 1.8 %

NASDAQ:SONO opened at $23.20 on Monday. Sonos has a 12 month low of $17.43 and a 12 month high of $42.57. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 2.33 and a beta of 1.91. The company's 50 day moving average is $20.44 and its two-hundred day moving average is $23.37.

Sonos (NASDAQ:SONO - Get Rating) last released its earnings results on Wednesday, May 11th. The company reported $0.06 EPS for the quarter, topping 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 analysts' expectations of $361.40 million. During the same quarter last year, the business earned $0.31 EPS. Sell-side analysts forecast that Sonos will post 1.09 EPS for the current year.

Insider Activity

In other news, insider Matthew O. Siegel sold 202,945 shares of Sonos 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 sale, 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 link. In related news, CEO Patrick Spence sold 65,237 shares of the business's stock in a transaction on Friday, July 15th. The shares were sold at an average price of $18.96, for a total value of $1,236,893.52. Following the sale, the chief executive officer now owns 727,690 shares in the company, valued at $13,797,002.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew O. Siegel sold 202,945 shares of the business's 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 completion of the sale, the insider now owns 68,339 shares in the company, valued at approximately $1,315,525.75. The disclosure for this sale can be found here. Insiders have sold a total of 270,897 shares of company stock worth $5,201,921 over the last quarter. Insiders own 3.60% of the company's stock.

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SONO Stock News Headlines

Sonos (SONO) Scheduled to Post Quarterly Earnings on Wednesday
Sonos promo codes for 08 2022
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SONO Company Calendar

Last Earnings
5/11/2022
Today
8/08/2022
Next Earnings (Confirmed)
8/10/2022
Fiscal Year End
9/30/2022

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
$34.25
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+49.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$158.60 million
Pretax Margin
7.98%

Debt

Sales & Book Value

Annual Sales
$1.72 billion
Cash Flow
$2.22 per share
Book Value
$4.52 per share

Miscellaneous

Free Float
123,285,000
Market Cap
$2.94 billion
Optionable
Optionable
Beta
1.91

Social Links















SONO Stock - Frequently Asked Questions

Should I buy or sell Sonos stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SONO shares.
View SONO analyst ratings
or view top-rated stocks.

What is Sonos' stock price forecast for 2022?

2 brokerages have issued 1 year price targets for Sonos' stock. Their SONO stock forecasts range from $28.00 to $40.00. On average, they predict the company's stock price to reach $34.25 in the next twelve months. This suggests a possible upside of 47.5% from the stock's current price.
View analysts price targets for SONO
or view top-rated stocks among Wall Street analysts.

How has Sonos' stock price performed in 2022?

Sonos' stock was trading at $29.80 at the beginning of 2022. Since then, SONO shares have decreased by 22.1% and is now trading at $23.22.
View the best growth stocks for 2022 here
.

When is Sonos' next earnings date?

Sonos is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022.
View our SONO earnings forecast
.

How can I listen to Sonos' earnings call?

Sonos will be holding an earnings conference call on Wednesday, August 10th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Sonos' earnings last quarter?

Sonos, Inc. (NASDAQ:SONO) posted its quarterly earnings results on Wednesday, May, 11th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm earned $399.78 million during the quarter, compared to the consensus estimate of $361.40 million. Sonos had a net margin of 7.83% and a trailing twelve-month return on equity of 32.39%. During the same quarter in the previous year, the company earned $0.31 earnings per share.

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

Sonos issued an update on 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 (IPO) 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 retail and institutional investors. Top institutional investors include Trigran Investments Inc. (2.40%), Deroy & Devereaux Private Investment Counsel Inc. (0.79%), Thornburg Investment Management Inc. (0.54%), Mirae Asset Global Investments Co. Ltd. (0.37%), Peregrine Capital Management LLC (0.32%) and Landscape Capital Management L.L.C. (0.16%). 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 $23.22.

How much money does Sonos make?

Sonos (NASDAQ:SONO) has a market capitalization of $2.97 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?

Sonos 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 8/8/2022 by MarketBeat.com Staff

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