Sonos Stock Forecast, Price & News

Sonos (NASDAQ:SONO) Frequently Asked Questions

Is Sonos a buy right now?

4 Wall Street equities research 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 equities research analysts is that investors should "buy" Sonos stock.
View analyst ratings for Sonos or view top-rated stocks.

How has Sonos' stock price 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 shares have increased by 231.5% and is now trading at $32.62.
View which stocks have been most impacted by COVID-19.

Are investors shorting Sonos?

Sonos saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 5,110,000 shares, a drop 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 days-to-cover ratio is currently 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 for the quarter, topping the Thomson Reuters' consensus estimate of ($0.11) by $0.04. The firm had revenue of $359.54 million for the quarter, compared to analysts' expectations of $360.23 million. Sonos had a trailing twelve-month return on equity of 49.42% and a net margin of 10.95%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 earnings per share.
View Sonos' earnings history.

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

Sonos issued an update on its FY 2022 earnings guidance on Wednesday, November, 24th. 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 brokerages have issued twelve-month target prices 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 38.0% 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:

• Patrick Spence, President, Chief Executive Officer & Director (LinkedIn Profile)
• Maxime Bouvat-Merlin, Senior VP-Hardware & Operations
• Brittany Bagley, Chief Financial Officer (LinkedIn Profile)
• Nicholas John Millington, Chief Innovation Officer
• Matthew Siegel, Chief Commercial Officer (LinkedIn Profile)

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.

Who are some of Sonos' key competitors?

Some companies that are related to Sonos include VIZIO (VZIO), Knowles (KN), Arlo Technologies (ARLO), Universal Electronics (UEIC), Genasys (GNSS), Koss (KOSS), Rockford (ROFO), Integrated Media Technology (IMTE), Technicolor (TCLRY), Emerson Radio (MSN), Guitammer (GTMM), Provision (PVHO) and Hollund Industrial Marine (HIMR).
View all of SONO's 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), 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 on Thursday, August 2nd 2018. The company issued 13,900,000 shares at $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 variety of retail and institutional investors. Top institutional investors 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 acquired 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 $32.62.

How much money does Sonos make?

Sonos has a market capitalization of $4.15 billion and generates $1.33 billion in revenue each year. The company earns $-20.11 million in net income (profit) each year or $1.40 on an earnings per share basis.

How many employees does Sonos have?

Sonos employs 1,427 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].