Sonos Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 saw a decrease in short interest during the month of May. As of May 28th, there was short interest totaling 6,540,000 shares, a decrease of 16.0% from the May 13th total of 7,790,000 shares. Based on an average trading volume of 2,560,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 5.3% of the shares of the company are short sold.
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Sonos is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Sonos.

Sonos, Inc. (NASDAQ:SONO) announced its quarterly earnings data on Wednesday, May, 12th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.53. The firm had revenue of $332.95 million for the quarter, compared to analyst estimates of $248.48 million. Sonos had a trailing twelve-month return on equity of 43.14% and a net margin of 7.08%. The firm's revenue was up 90.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.48) EPS.
View Sonos' earnings history.

Sonos' stock was trading at $9.84 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SONO shares have increased by 241.4% and is now trading at $33.59.
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Sonos updated its FY 2021 earnings guidance on Tuesday, June, 8th. The company provided earnings per share (EPS) guidance of $- for the period. The company issued revenue guidance of $1.63 billion-1.68 billion, compared to the consensus revenue estimate of $1.56 billion.

8 brokerages have issued 12-month target prices for Sonos' shares. Their forecasts range from $16.00 to $47.00. On average, they anticipate Sonos' share price to reach $29.43 in the next twelve months. This suggests that the stock has a possible downside of 12.4%.
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), Koss (KOSS), Genasys (GNSS), Rockford (ROFO), Technicolor (TCLRY), Emerson Radio (MSN), Integrated Media Technology (IMTE), Provision (PVHO), Hollund Industrial Marine (HIMR) and The Guitammer (GTMM).
View all of SONO's competitors.

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 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 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. (9.77%), Lord Abbett & CO. LLC (4.28%), Morgan Stanley (2.26%), Renaissance Technologies LLC (1.92%), JPMorgan Chase & Co. (1.75%) and Nuveen Asset Management LLC (1.62%). Company insiders that own Sonos stock include 2006 Fund LP Kkr, Anna Fraser, 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 Hawk Ridge Capital Management LP, Trigran Investments Inc., Renaissance Technologies LLC, Morgan Stanley, Aristotle Capital Boston LLC, Voloridge Investment Management LLC, Cubist Systematic Strategies LLC, and Deroy & Devereaux Private Investment Counsel Inc.. Company insiders that have sold Sonos company stock in the last year include Anna Fraser, John Maeda, 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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Lord Abbett & CO. LLC, JPMorgan Chase & Co., Sandler Capital Management, ANTIPODES PARTNERS Ltd, Acadian Asset Management LLC, Healthcare of Ontario Pension Plan Trust Fund, and Geode Capital Management LLC.
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 $33.59.

Sonos has a market capitalization of $4.19 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 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]