Sonos Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Sonos stock.
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Wall Street analysts have given Sonos a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Sonos wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Sonos is scheduled to release its next quarterly earnings announcement on Wednesday, November 17th 2021.
View our earnings forecast for Sonos.

Sonos, Inc. (NASDAQ:SONO) posted its quarterly earnings results on Wednesday, August, 11th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.29. The company had revenue of $378.67 million for the quarter, compared to analysts' expectations of $320.42 million. Sonos had a net margin of 10.95% and a trailing twelve-month return on equity of 49.42%.
View Sonos' earnings history.

Sonos' stock was trading at $9.84 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SONO shares have increased by 273.1% and is now trading at $36.71.
View which stocks have been most impacted by COVID-19.

Sonos updated its FY 2021 earnings guidance on Wednesday, September, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.70 billion-$1.71 billion, compared to the consensus revenue estimate of $1.66 billion.

7 equities research analysts have issued 1-year price targets for Sonos' stock. Their forecasts range from $18.00 to $51.00. On average, they anticipate Sonos' share price to reach $34.86 in the next year. This suggests that the stock has a possible downside of 5.0%.
View analysts' price targets for Sonos or view top-rated stocks among Wall Street analysts.

79 employees have rated Sonos CEO Patrick Spence on Glassdoor.com. Patrick Spence has an approval rating of 98% among Sonos' employees. This puts Patrick Spence in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Sonos include Knowles (KN), Universal Electronics (UEIC), Arlo Technologies (ARLO), Genasys (GNSS), Koss (KOSS), Rockford (ROFO), Integrated Media Technology (IMTE), Technicolor (TCLRY), Emerson Radio (MSN), The Guitammer (GTMM), Provision (PVHO) and Hollund Industrial Marine (HIMR).
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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), The Boeing (BA), DocuSign (DOCU), Square (SQ), Alibaba Group (BABA), PayPal (PYPL), QUALCOMM (QCOM) and Micron Technology (MU).

(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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.63%), Vanguard Group Inc. (9.04%), Lord Abbett & CO. LLC (3.44%), Morgan Stanley (3.32%), Morgan Stanley (3.29%) and Thrivent Financial for Lutherans (2.55%). Company insiders that own Sonos stock include 2006 Fund LP Kkr, Anna Fraser, Brittany Bagley, David Perri, John Maeda, Julius Genachowski, Matthew O Siegel, Michelangelo Volpi, Nicholas Millington and Patrick Spence.
View institutional ownership trends for Sonos.

SONO stock was sold by a variety of institutional investors in the last quarter, including Trigran Investments Inc., Lord Abbett & CO. LLC, UBS Asset Management Americas Inc., Goldman Sachs Group Inc., Healthcare of Ontario Pension Plan Trust Fund, Russell Investments Group Ltd., Atika Capital Management LLC, and FMR LLC. Company insiders that have sold Sonos company stock in the last year include Anna Fraser, Brittany Bagley, Julius Genachowski, Matthew O Siegel, Michelangelo Volpi, Nicholas Millington, and Patrick Spence.
View insider buying and selling activity for Sonos or view top insider-selling stocks.

SONO stock was acquired by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Deutsche Bank AG, Morgan Stanley, Morgan Stanley, ANTIPODES PARTNERS Ltd, Alyeska Investment Group L.P., American Century Companies Inc., and Franklin Resources Inc..
View insider buying and selling activity for Sonos or or view top insider-buying stocks.

Shares of SONO 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 $36.71.

Sonos has a market capitalization of $4.62 billion and generates $1.33 billion in revenue each year. The company earns $-20,110,000.00 in net income (profit) each year or ($0.18) on an earnings per share basis.

Sonos employs 1,427 workers across the globe.

The following companies are subsidiares of Sonos: Snips, and Sonos Europe B.V. (Netherlands).

Sonos was founded in 2002.

The official website for Sonos is www.sonos.com.

Sonos is headquartered at 614 CHAPALA STREET, SANTA BARBARA CA, 93101.

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].