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EXPLAINER: Italian election only part of forming government
NASDAQ:SONO

Sonos - SONO Stock Forecast, Price & News

$14.14
-0.22 (-1.53%)
(As of 09/23/2022 12:00 AM ET)
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Compare
Today's Range
$13.84
$14.34
50-Day Range
$14.14
$23.20
52-Week Range
$13.84
$36.08
Volume
2.33 million shs
Average Volume
1.87 million shs
Market Capitalization
$1.80 billion
P/E Ratio
16.44
Dividend Yield
N/A
Price Target
$26.00

Sonos MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
83.9% Upside
$26.00 Price Target
Short Interest
Healthy
7.11% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.41mentions of Sonos in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$1.27 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.

2.15 out of 5 stars

Consumer Discretionary Sector

184th out of 274 stocks

Household Audio & Video Equipment Industry

6th out of 7 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.

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SONO Stock News Headlines

Sonos CEO: Consumers are 'still buying' despite inflation
Why Is Sonos (SONO) Down 7.8% Since Last Earnings Report?
SONO October 28th Options Begin Trading - Nasdaq
Why Struggling Sonos Stock Could Stage a Bounce Soon
Sonos Sub Mini update shares bad news
See More Headlines
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SONO Company Calendar

Last Earnings
11/16/2021
Today
9/24/2022
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
+83.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$158.60 million
Pretax Margin
6.82%

Debt

Sales & Book Value

Annual Sales
$1.72 billion
Cash Flow
$2.21 per share
Book Value
$4.52 per share

Miscellaneous

Free Float
122,671,000
Market Cap
$1.80 billion
Optionable
Optionable
Beta
2.00

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?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research 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?

2 analysts have issued 12 month price targets for Sonos' stock. Their SONO share price forecasts range from $20.00 to $35.00. On average, they expect the company's share price to reach $26.00 in the next year. This suggests a possible upside of 83.9% 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 on January 1st, 2022. Since then, SONO stock has decreased by 52.6% and is now trading at $14.14.
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) announced 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 company earned $359.54 million during the quarter, compared to analysts' expectations of $360.23 million. Sonos had a net margin of 6.83% and a trailing twelve-month return on equity of 25.44%. The company's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS.

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

Sonos issued an update on its FY 2022 earnings guidance on Friday, September, 23rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.73 billion-$1.75 billion, compared to the consensus revenue estimate of $1.74 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 a price of $17.00-$19.00 per share. Morgan Stanley, Goldman Sachs and Allen & Company acted 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 institutional and retail 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 $14.14.

How much money does Sonos make?

Sonos (NASDAQ:SONO) has a market capitalization of $1.80 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
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 9/24/2022 by MarketBeat.com Staff

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