Sonos Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Sonos stock.
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Wall Street analysts have given Sonos a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Sonos wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Sonos saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 7,940,000 shares, an increase of 21.4% from the May 31st total of 6,540,000 shares. Based on an average daily trading volume, of 2,370,000 shares, the short-interest ratio is presently 3.4 days. Approximately 6.5% of the company's shares are short sold.
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Sonos is scheduled to release its next quarterly earnings announcement on Wednesday, August 11th 2021.
View our earnings forecast for Sonos.

Sonos will be holding an earnings conference call on Wednesday, August 11th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Sonos, Inc. (NASDAQ:SONO) issued its quarterly earnings results on Wednesday, May, 12th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.53. The business earned $332.95 million during the quarter, compared to analysts' expectations of $248.48 million. Sonos had a trailing twelve-month return on equity of 43.14% and a net margin of 7.08%. The firm's quarterly revenue was up 90.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.48) earnings per share.
View Sonos' earnings history.

Sonos' stock was trading at $9.84 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SONO stock has increased by 244.9% and is now trading at $33.94.
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Sonos issued an update on its FY 2021 earnings guidance on Tuesday, June, 8th. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $1.63 billion-1.68 billion, compared to the consensus revenue estimate of $1.56 billion.

8 brokers have issued 12-month price targets for Sonos' stock. Their forecasts range from $16.00 to $47.00. On average, they anticipate Sonos' share price to reach $29.43 in the next twelve months. This suggests that the stock has a possible downside of 13.3%.
View analysts' price targets for Sonos or view top-rated stocks among Wall Street analysts.

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 Knowles (KN), Universal Electronics (UEIC), Arlo Technologies (ARLO), Genasys (GNSS), Koss (KOSS), Rockford (ROFO), Technicolor (TCLRY), Emerson Radio (MSN), Integrated Media Technology (IMTE), Provision (PVHO), Hollund Industrial Marine (HIMR) and The Guitammer (GTMM).
View all of SONO's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sonos investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), The 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 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 acted 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 number of retail and institutional investors. Top institutional shareholders include Deroy & Devereaux Private Investment Counsel Inc. (0.72%), Compagnie Lombard Odier SCmA (0.15%), Hillsdale Investment Management Inc. (0.13%), Usca Ria LLC (0.04%), Symmetry Investments LP (0.01%) and Loudon Investment Management LLC (0.00%). Company insiders that own Sonos stock include 2006 Fund LP Kkr, Anna Fraser, David Perri, John Maeda, Julius Genachowski, 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 Usca Ria LLC, Deroy & Devereaux Private Investment Counsel Inc., and Hillsdale Investment Management Inc.. Company insiders that have sold Sonos company stock in the last year include Anna Fraser, 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.

SONO stock was acquired by a variety of institutional investors in the last quarter, including Compagnie Lombard Odier SCmA, Symmetry Investments LP, and Loudon Investment Management LLC.
View insider buying and selling activity for Sonos or or view top insider-buying stocks.

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 $33.94.

Sonos has a market capitalization of $4.23 billion and generates $1.33 billion in revenue each year. The company earns $-20,110,000.00 in net income (profit) each year or ($0.18) on an earnings per share basis.

Sonos employs 1,427 workers across the globe.

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

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

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]