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NASDAQ:SONO

Sonos Stock Forecast, Price & News

$14.44
+0.55 (+3.96 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$13.71
Now: $14.44
$14.45
50-Day Range
$12.76
MA: $14.10
$17.50
52-Week Range
$6.58
Now: $14.44
$17.83
Volume3.36 million shs
Average Volume3.34 million shs
Market Capitalization$1.60 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.65
Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the United States and internationally. It provides wireless speakers, home theater speakers, and components. The company offers its products through third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its sonos.com Website. The company was formerly known as Rincon Audio, Inc. and changed its name to Sonos, Inc. in May 2004. Sonos, Inc. was founded in 2002 and is headquartered in Santa Barbara, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.50 out of 5 stars


Industry, Sector and Symbol

Industry Household audio & video equipment
Sub-IndustryN/A
Current SymbolNASDAQ:SONO
CUSIPN/A
Phone805-965-3001

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.26 billion
Cash Flow$0.33 per share
Book Value$2.64 per share

Profitability

Net Income$-4,770,000.00

Miscellaneous

Employees1,446
Market Cap$1.60 billion
Next Earnings Date11/18/2020 (Estimated)
OptionableOptionable
$14.44
+0.55 (+3.96 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Sonos (NASDAQ:SONO) Frequently Asked Questions

How has Sonos' stock been impacted by Coronavirus?

Sonos' stock was trading at $9.84 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SONO stock has increased by 46.7% and is now trading at $14.44.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Sonos?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Sonos
.

When is Sonos' next earnings date?

Sonos is scheduled to release its next quarterly earnings announcement on Wednesday, November 18th 2020.
View our earnings forecast for Sonos
.

How were Sonos' earnings last quarter?

Sonos Inc (NASDAQ:SONO) issued its quarterly earnings results on Wednesday, August, 5th. The company reported ($0.24) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.29) by $0.05. The firm had revenue of $249.31 million for the quarter, compared to analysts' expectations of $234.21 million. Sonos had a negative net margin of 5.32% and a negative return on equity of 12.52%.
View Sonos' earnings history
.

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

Sonos issued an update on its FY 2020 After-Hours earnings guidance on Wednesday, August, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.277-1.292 billion, compared to the consensus revenue estimate of $1.25 billion.

What price target have analysts set for SONO?

7 brokerages have issued twelve-month price objectives for Sonos' shares. Their forecasts range from $7.50 to $20.00. On average, they anticipate Sonos' stock price to reach $16.00 in the next year. This suggests a possible upside of 10.8% from the stock's current price.
View analysts' price targets for Sonos
.

Are investors shorting Sonos?

Sonos saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 7,140,000 shares, a drop of 13.8% from the August 15th total of 8,280,000 shares. Based on an average daily volume of 5,740,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 6.9% of the shares of the stock are sold short.
View Sonos' Short Interest
.

Who are some of Sonos' key competitors?

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), Square (SQ), Boeing (BA), Alibaba Group (BABA), Paypal (PYPL), Docusign (DOCU), Mastercard (MA) and QUALCOMM (QCOM).

Who are Sonos' key executives?

Sonos' management team includes the following people:
  • Mr. Patrick Spence, CEO, Pres & Director (Age 44)
  • Mr. Michael Giannetto, Chief Financial Officer (Age 56)
  • Mr. Matthew O. Siegel, Chief Commercial Officer (Age 46)
  • Mr. Nicholas Millington, Chief Product Officer (Age 42)
  • Mr. Thomas Cullen, Co-Founder and VP of Sales & Marketing

When did Sonos IPO?

(SONO) raised $250 million in an initial public offering 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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.65%), Point72 Asset Management L.P. (3.03%), Nuveen Asset Management LLC (1.47%), Corriente Advisors LLC (1.42%), Jacobs Levy Equity Management Inc. (1.23%) and Bank of Montreal Can (1.15%). Company insiders that own Sonos stock include 2006 Fund LP Kkr, Anna Fraser, David Perri, John Maeda, Michael Giannetto, Michelangelo Volpi, Nicholas Millington, Patrick Spence and Ventures Growth I (Jerse Index.
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 Two Sigma Advisers LP, Marshall Wace North America L.P., Raymond James Financial Services Advisors Inc., Goldman Sachs Group Inc., Engineers Gate Manager LP, PDT Partners LLC, SG Americas Securities LLC, and Charles Schwab Investment Management Inc.. Company insiders that have sold Sonos company stock in the last year include 2006 Fund LP Kkr, Anna Fraser, David Perri, John Maeda, Michelangelo Volpi, and Nicholas Millington.
View insider buying and selling activity for Sonos
.

Which major investors are buying Sonos stock?

SONO stock was purchased by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Corriente Advisors LLC, Vanguard Group Inc., Deroy & Devereaux Private Investment Counsel Inc., Portolan Capital Management LLC, Parian Global Management LP, Crestwood Capital Management L.P., and Bank of America Corp DE.
View insider buying and selling activity for Sonos
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Sonos' stock price today?

One share of SONO stock can currently be purchased for approximately $14.44.

How big of a company is Sonos?

Sonos has a market capitalization of $1.60 billion and generates $1.26 billion in revenue each year. The company earns $-4,770,000.00 in net income (profit) each year or ($0.05) on an earnings per share basis. Sonos employs 1,446 workers across the globe.

What is Sonos' official website?

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

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 9/20/2020 by MarketBeat.com Staff

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