NASDAQ:SONO Sonos - SONO Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Sonos, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $18.65 +0.21 (+1.14%) (As of 02/1/2023 12:00 AM ET) Add Compare Share Share Today's Range$18.18▼$18.7150-Day Range$15.97▼$18.6552-Week Range$13.65▼$31.22Volume1.56 million shsAverage Volume1.23 million shsMarket Capitalization$2.38 billionP/E Ratio43.37Dividend YieldN/APrice Target$24.50 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Sonos MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside31.4% Upside$24.50 Price TargetShort InterestHealthy5.03% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.43Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth242.11%From $0.19 to $0.65 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.40 out of 5 starsConsumer Discretionary Sector85th out of 277 stocksHousehold Audio & Video Equipment Industry3rd out of 7 stocks 3.0 Analyst's Opinion Consensus RatingSonos has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $24.50, Sonos has a forecasted upside of 31.4% from its current price of $18.65.Amount of Analyst CoverageSonos has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted5.03% of the outstanding shares of Sonos have been sold short.Short Interest Ratio / Days to CoverSonos has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Sonos has recently decreased by 10.49%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldSonos does not currently pay a dividend.Dividend GrowthSonos does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SONO. Previous Next 1.9 News and Social Media Coverage News SentimentSonos has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Sonos this week, compared to 4 articles on an average week.Search InterestOnly 1 people have searched for SONO on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.MarketBeat Follows2 people have added Sonos to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Sonos insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.13% of the stock of Sonos is held by insiders.Percentage Held by Institutions85.64% of the stock of Sonos is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Sonos are expected to grow by 242.11% in the coming year, from $0.19 to $0.65 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Sonos is 43.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.12.Price to Earnings Ratio vs. SectorThe P/E ratio of Sonos is 43.37, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.16.Price to Earnings Growth RatioSonos has a PEG Ratio of 9.87. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSonos has a P/B Ratio of 4.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Sonos (NASDAQ:SONO) StockSonos, Inc. engages in the provision of 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 August 2002 and is headquartered in Santa Barbara, CA.Read More Receive SONO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Sonos and its competitors with MarketBeat's FREE daily newsletter. Email Address SONO Stock News HeadlinesFebruary 1, 2023 | finance.yahoo.comTuneIn Launches New Integration with Sonos, Making Streaming Audio Content More Accessible Than EverJanuary 26, 2023 | msn.comCan't afford a Sonos Arc? Save $200 on this rival Bose Dolby Atmos soundbar at AmazonFebruary 2, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 20, 2023 | finance.yahoo.comAt US$18.13, Is Sonos, Inc. (NASDAQ:SONO) Worth Looking At Closely?January 18, 2023 | finance.yahoo.comSonos Announces Date for First Quarter Fiscal 2023 Financial Results and Conference CallJanuary 6, 2023 | finance.yahoo.comThe past year for Sonos (NASDAQ:SONO) investors has not been profitableJanuary 5, 2023 | finance.yahoo.comVICTROLA EXPANDS SONOS-CERTIFIED TURNTABLE LINEUP, UNVEILS VICTROLA STREAM ONYX AT CES 2023January 2, 2023 | msn.comJanuary sales 2023 UK – live: Today’s best new year deals on 4K TVs, Shark vacuums and moreFebruary 2, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 1, 2023 | msn.comBest Wireless Multiroom Speakers of 2023December 27, 2022 | finance.yahoo.comSonos, Inc. (NASDAQ:SONO) Q4 2022 Earnings Call TranscriptDecember 24, 2022 | msn.comNew filing suggests Sonos is adding WiFi 6 support to its next wireless speakersDecember 24, 2022 | msn.comIkea and Sonos’ Symfonisk bookshelf speaker is $20 offDecember 19, 2022 | finance.yahoo.comGot $200? 2 Simple Stocks to Buy Right NowDecember 16, 2022 | finance.yahoo.comSonos (SONO) Up 2.5% Since Last Earnings Report: Can It Continue?December 9, 2022 | finance.yahoo.comAre Investors Undervaluing Sonos, Inc. (NASDAQ:SONO) By 46%?December 7, 2022 | finance.yahoo.comSonos (SONO) Launches Sonos Voice Control Solution in FranceNovember 29, 2022 | finance.yahoo.comSonos Reports Progress Made Against Climate Action Plan, Restates Commitment to Product Longevity and SustainabilityNovember 25, 2022 | finance.yahoo.comSonos Full Year 2022 Earnings: Revenues Beat Expectations, EPS LagsNovember 18, 2022 | finance.yahoo.comSonos ‘in pretty stable condition right now,’ CEO saysNovember 17, 2022 | finance.yahoo.comSonos stock rises on narrower-than-expected earnings lossNovember 17, 2022 | finance.yahoo.comAfter losing 50% in the past year, Sonos, Inc. (NASDAQ:SONO) institutional owners must be relieved by the recent gainNovember 17, 2022 | finance.yahoo.comSonos Stock Rises as Sales Beat Estimates. The Supply Chain Is Improving.November 17, 2022 | finance.yahoo.comSonos Inc (SONO) Q4 2022 Earnings Call TranscriptNovember 16, 2022 | finance.yahoo.comTop trending stocks after hours: Nvidia, Cisco, Sonos and moreOctober 26, 2022 | seekingalpha.comSonos: Uncertain Prospects In An Uncertain EnvironmentOctober 26, 2022 | finance.yahoo.comSonos Announces Date for Fourth Quarter and Fiscal 2022 Financial Results and Conference CallSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SONO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Sonos and its competitors with MarketBeat's FREE daily newsletter. Email Address SONO Company Calendar Last Earnings11/16/2022Today2/02/2023Next Earnings (Confirmed)2/08/2023Fiscal Year End9/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Household audio & video equipment Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNASDAQ:SONO CUSIPN/A CIK1055355 Webwww.sonos.com Phone(805) 965-3001FaxN/AEmployees1,844Year Founded2002Price Target and Rating Average Stock Price Forecast$24.50 High Stock Price Forecast$35.00 Low Stock Price Forecast$17.00 Forecasted Upside/Downside+31.4%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.43 Trailing P/E Ratio43.37 Forward P/E Ratio98.16 P/E Growth9.87Net Income$67.38 million Net Margins3.85% Pretax Margin3.92% Return on Equity13.89% Return on Assets7.06% Debt Debt-to-Equity RatioN/A Current Ratio1.62 Quick Ratio0.77 Sales & Book Value Annual Sales$1.75 billion Price / Sales1.36 Cash Flow$0.84 per share Price / Cash Flow22.22 Book Value$4.40 per share Price / Book4.24Miscellaneous Outstanding Shares127,350,000Free Float123,359,000Market Cap$2.38 billion OptionableOptionable Beta1.89 Social Links Key ExecutivesPatrick SpencePresident, Chief Executive Officer & DirectorMaxime Bouvat-MerlinSenior VP-Hardware & OperationsEdward Peter LazarusCFO, Secretary & Chief Legal OfficerRuth SleeterChief Information Officer & SVPChris MasonChief Accounting Officer & Senior Vice PresidentKey CompetitorsVIZIONYSE:VZIOWeberNYSE:WEBRBowleroNYSE:BOWLStrategic EducationNASDAQ:STRACedar FairNYSE:FUNView All CompetitorsInsiders & InstitutionsState of New Jersey Common Pension Fund DSold 24,553 shares on 2/1/2023Ownership: 0.103%Bank of Montreal CanBought 6,956 shares on 2/1/2023Ownership: 0.032%Kestra Advisory Services LLCSold 1,153 shares on 1/31/2023Ownership: 0.012%Kistler Tiffany Companies LLCBought 11,697 shares on 1/30/2023Ownership: 0.030%Natixis Advisors L.P.Bought 15,605 shares on 1/27/2023Ownership: 0.031%View All Insider TransactionsView All Institutional Transactions SONO Stock - Frequently Asked Questions Should I buy or sell Sonos stock right now? 2 Wall Street equities 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 equities 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 2023? 2 brokerages have issued 1 year price targets for Sonos' stock. Their SONO share price forecasts range from $17.00 to $35.00. On average, they predict the company's share price to reach $24.50 in the next twelve months. This suggests a possible upside of 31.4% 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 2023? Sonos' stock was trading at $16.90 at the beginning of the year. Since then, SONO shares have increased by 10.4% and is now trading at $18.65. View the best growth stocks for 2023 here. When is Sonos' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023. View our SONO earnings forecast. How can I listen to Sonos' earnings call? Sonos will be holding an earnings conference call on Wednesday, February 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were Sonos' earnings last quarter? Sonos, Inc. (NASDAQ:SONO) issued its earnings results on Wednesday, November, 16th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.43) by $0.07. The company had revenue of $316.29 million for the quarter, compared to analysts' expectations of $302.51 million. Sonos had a trailing twelve-month return on equity of 13.89% and a net margin of 3.85%. What guidance has Sonos issued on next quarter's earnings? Sonos updated its FY 2023 earnings guidance on Thursday, November, 17th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.70 billion-$1.80 billion, compared to the consensus revenue estimate of $1.72 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 served 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 investors include Deroy & Devereaux Private Investment Counsel Inc. (0.77%), Peregrine Capital Management LLC (0.29%), State of New Jersey Common Pension Fund D (0.10%), Yousif Capital Management LLC (0.06%), Comerica Bank (0.06%) and Barry Investment Advisors LLC (0.05%). 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 $18.65. How much money does Sonos make? Sonos (NASDAQ:SONO) has a market capitalization of $2.38 billion and generates $1.75 billion in revenue each year. The company earns $67.38 million in net income (profit) each year or $0.43 on an earnings per share basis. How many employees does Sonos have? The company employs 1,844 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 2/2/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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