Sonos - SONO Stock Forecast, Price & News

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

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.

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.

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.

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).

(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.

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 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.
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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.
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One share of SONO stock can currently be purchased for approximately $23.22.

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.

Sonos employs 1,525 workers across the globe.

Sonos was founded in 2002.

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.