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NASDAQ:SONO

Sonos Stock Forecast, Price & News

$29.77
-0.63 (-2.07%)
(As of 12/6/2021 12:00 AM ET)
Add
Compare
Today's Range
$29.38
$30.60
50-Day Range
$30.19
$34.99
52-Week Range
$20.56
$44.72
Volume
3.67 million shs
Average Volume
2.74 million shs
Market Capitalization
$3.78 billion
P/E Ratio
25.23
Dividend Yield
N/A
Beta
1.9
30 days | 90 days | 365 days | Advanced Chart
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Sonos logo

About Sonos

Sonos, Inc. provides multi-room wireless smart home sound systems. It supports streaming services around the world, providing customers with access to music, Internet radio, podcasts, and audiobooks, with control from Android smartphones, iPhone, or iPad. The company was founded by Mai Trung, John MacFarlane, Craig A. Shelburne and Thomas S. Cullen in 2002 and is headquartered in Santa Barbara, CA.

Headlines

Sonos Stock Sounds Like It Will Rebound - Nasdaq
December 3, 2021 |  nasdaq.com
Bull of the Day: Sonos, Inc. (SONO) - Nasdaq
December 2, 2021 |  nasdaq.com
Bull of the Day: Sonos, Inc. (SONO)
December 2, 2021 |  finance.yahoo.com
Can Sonos Stock Reach $50? - Seeking Alpha
November 29, 2021 |  seekingalpha.com
See More Headlines

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

Sales & Book Value

Annual Sales
$1.72 billion
Cash Flow
$2.12 per share
Book Value
$4.48 per share

Profitability

Net Income
$158.60 million
Pretax Margin
9.14%

Debt

Price-To-Earnings

Miscellaneous

Free Float
122,425,000
Market Cap
$3.78 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/16/2021
Today
12/06/2021
Next Earnings (Estimated)
2/09/2022
Fiscal Year End
9/30/2022

Social Links


MarketRank

Overall MarketRank

2.48 out of 5 stars

Consumer Discretionary Sector

110th out of 387 stocks

Household Audio & Video Equipment Industry

1st out of 11 stocks

Analyst Opinion: 3.3Community Rank: 4.8Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Sonos (NASDAQ:SONO) Frequently Asked Questions

Is Sonos a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Sonos stock.
View analyst ratings for Sonos
or view top-rated stocks.

How has Sonos' stock been impacted by Coronavirus (COVID-19)?

Sonos' stock was trading at $9.84 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SONO shares have increased by 202.5% and is now trading at $29.77.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Sonos?

Sonos saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 5,110,000 shares, a decline of 34.8% from the October 31st total of 7,840,000 shares. Based on an average daily trading volume, of 2,530,000 shares, the short-interest ratio is presently 2.0 days.
View Sonos' Short Interest
.

When is Sonos' next earnings date?

Sonos is scheduled to release its next quarterly earnings announcement on Wednesday, February 9th 2022.
View our earnings forecast for Sonos
.

How were Sonos' earnings last quarter?

Sonos, Inc. (NASDAQ:SONO) posted its earnings results on Tuesday, November, 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. The company had revenue of $359.54 million for the quarter, compared to analyst estimates of $360.23 million. Sonos had a net margin of 9.24% and a trailing twelve-month return on equity of 41.99%. The business's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 EPS.
View Sonos' earnings history
.

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

Sonos updated its FY 2022 earnings guidance on Wednesday, December, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.93 billion-$2 billion, compared to the consensus revenue estimate of $1.86 billion.

What price target have analysts set for SONO?

4 equities research analysts have issued 12-month price objectives for Sonos' shares. Their forecasts range from $37.00 to $53.00. On average, they anticipate Sonos' stock price to reach $45.00 in the next year. This suggests a possible upside of 51.2% from the stock's current price.
View analysts' price targets for Sonos
or view top-rated stocks among Wall Street analysts.

Who are Sonos' key executives?

Sonos' management team includes the following people:

What is Patrick Spence's approval rating as Sonos' CEO?

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.

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), Square (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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.30%), Morgan Stanley (3.64%), Thrivent Financial for Lutherans (3.28%), Lord Abbett & CO. LLC (2.88%), Geode Capital Management LLC (1.66%) and Franklin Resources Inc. (1.58%). Company insiders that own Sonos stock include 2006 Fund LP Kkr, Anna Fraser, Brittany Bagley, David Perri, John Maeda, Julius Genachowski, Matthew O Siegel, Matthew O Siegel, Michelangelo Volpi, Nicholas Millington and Patrick Spence.
View institutional ownership trends for Sonos
.

Which major investors are selling Sonos stock?

SONO stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Two Sigma Advisers LP, BlackRock Inc., Lord Abbett & CO. LLC, Deutsche Bank AG, Deroy & Devereaux Private Investment Counsel Inc., Principal Financial Group Inc., and Voloridge Investment Management 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.

Which major investors are buying Sonos stock?

SONO stock was purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., Scopia Capital Management LP, Thrivent Financial for Lutherans, Schonfeld Strategic Advisors LLC, Morgan Stanley, Chiron Investment Management LLC, Ararat Capital Management LP, and American Century Companies Inc..
View insider buying and selling activity for Sonos
or or view top insider-buying stocks.

How do I buy shares of Sonos?

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.
Compare Top Brokerages Here.

What is Sonos' stock price today?

One share of SONO stock can currently be purchased for approximately $29.77.

How much money does Sonos make?

Sonos has a market capitalization of $3.78 billion and generates $1.72 billion in revenue each year. The company earns $158.60 million in net income (profit) each year or $1.18 on an earnings per share basis.

How many employees does Sonos have?

Sonos 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).

When was Sonos founded?

Sonos was founded in 2002.

What is Sonos' official website?

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

Where are Sonos' headquarters?

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

How can I contact Sonos?

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].


This page was last updated on 12/6/2021 by MarketBeat.com Staff

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