Sonos Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Sonos stock.
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2 analysts have issued 1 year price objectives for Sonos' stock. Their SONO stock forecasts range from $28.00 to $40.00. On average, they predict Sonos' stock price to reach $34.25 in the next year. This suggests a possible upside of 68.4% from the stock's current price.
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Sonos' stock was trading at $29.80 at the beginning of the year. Since then, SONO shares have decreased by 31.7% and is now trading at $20.34.
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Sonos is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022.
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Sonos, Inc. (NASDAQ:SONO) issued its quarterly earnings results on Wednesday, May, 11th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. The firm had revenue of $399.78 million for the quarter, compared to analysts' expectations of $361.40 million. Sonos had a trailing twelve-month return on equity of 32.39% and a net margin of 7.83%. During the same quarter in the previous year, the company earned $0.31 earnings per share.
View Sonos' earnings history.

Sonos updated 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 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 VIZIO (VZIO), Knowles (KN), Arlo Technologies (ARLO), Universal Electronics (UEIC), Genasys (GNSS), Rockford (ROFO), Koss (KOSS), Technicolor (TCLRY), Integrated Media Technology (IMTE), Emerson Radio (MSN), Emerson Radio (MSN), Hollund Industrial Marine (HIMR), Provision (PVHO) and Guitammer (GTMM).
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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), 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 (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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.53%), Vanguard Group Inc. (10.66%), American Century Companies Inc. (3.66%), State Street Corp (3.27%), JPMorgan Chase & Co. (2.78%) and Trigran Investments Inc. (2.11%). Company insiders that own Sonos 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 for Sonos.

SONO stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Canada Pension Plan Investment Board, UBS Group AG, Potrero Capital Research LLC, JBF Capital Inc., Prelude Capital Management LLC, First Trust Advisors LP, and Bank of Montreal Can. Company insiders that have sold Sonos company stock in the last two years include Anna Fraser, Brittany Bagley, Joanna Coles, Julius Genachowski, Matthew O Siegel, Michelangelo Volpi, Nicholas Millington, and Patrick Spence.
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SONO stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., State Street Corp, American Century Companies Inc., Principal Financial Group Inc., Trigran Investments Inc., Bank of New York Mellon Corp, and ANTIPODES PARTNERS Ltd.
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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 $20.34.

Sonos (NASDAQ:SONO) has a market capitalization of $2.60 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 Sonos is www.sonos.com. The company can be reached via phone at (805) 965-3001 or via email at [email protected].