NASDAQ:SONO Sonos 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. $18.04 -0.78 (-4.14%) (As of 06/30/2022 05:50 PM ET) Add Compare Share Today's Range$17.88▼$18.5950-Day Range$18.04▼$24.3252-Week Range$17.88▼$42.57Volume2.46 million shsAverage Volume2.99 million shsMarket Capitalization$2.31 billionP/E Ratio18.41Dividend YieldN/APrice Target$34.25 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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 Stock Forecast (MarketRank)Overall MarketRank™2.61 out of 5 starsConsumer Discretionary Sector98th out of 405 stocksHousehold Audio & Video Equipment Industry1st out of 12 stocksAnalyst Opinion: 3.3Community Rank: 4.8Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 - 3.3 Analyst's Opinion Consensus RatingSonos has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $34.25, Sonos has a forecasted upside of 89.9% from its current price of $18.04.Amount of Analyst CoverageSonos has only been the subject of 1 research reports in the past 90 days. Previous Next 4.8 Community Rank Outperform VotesSonos has received 282 “outperform” votes. (Add your “outperform” vote.)Underperform VotesSonos has received 113 “underperform” votes. (Add your “underperform” vote.)Community SentimentSonos has received 71.39% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Sonos and other stocks. Vote “Outperform” if you believe SONO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SONO will underperform the S&P 500 over the long term. You may vote once every thirty days. 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 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Sonos insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,626,937.00 in company stock.Percentage Held by InsidersOnly 3.60% of the stock of Sonos is held by insiders.Percentage Held by Institutions91.37% 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 28.44% in the coming year, from $1.09 to $1.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Sonos is 18.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 34.52.Price to Earnings Ratio vs. SectorThe P/E ratio of Sonos is 18.41, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.19.Price to Earnings Growth RatioSonos has a PEG Ratio of 2.04. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSonos has a P/B Ratio of 3.99. 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)Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories. It offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its Website sonos.com. The company was formerly known as Rincon Audio, Inc. and changed its name to Sonos, Inc. in May 2004. Sonos, Inc. was incorporated in 2002 and is headquartered in Santa Barbara, California.Read More SONO Stock News HeadlinesJune 3, 2022 | marketbeat.comMarketBeat: Week in Review 5/30 – 6/3The jobs report is adding another layer of uncertainty to the markets which are down in mid-morning trading. At times like this, let the MarketBeat team give you the insight you need. Here are some of the stocks they were looking at this weekJune 24, 2022 | marketwatch.comI’ve designed recording studios for Jimi Hendrix, Bruce Springsteen and Aerosmith — and these are the speakers, headphones and soundbars I use in my own home for ‘fantastic’ quality music - MarketWatchJune 23, 2022 | bloomberg.comSonos CEO on Supporting Underdogs and Fighting Giants - BloombergJune 20, 2022 | finance.yahoo.comWe Like Sonos' (NASDAQ:SONO) Returns And Here's How They're Trending - Yahoo FinanceJune 20, 2022 | finance.yahoo.comWe Like Sonos' (NASDAQ:SONO) Returns And Here's How They're TrendingJune 17, 2022 | americanbankingnews.comSonos (NASDAQ:SONO) Reaches New 12-Month Low at $18.90June 15, 2022 | seekingalpha.comSonos falls as Morgan Stanley downgrades citing 'more cautious' consumer spending - Seeking AlphaJune 15, 2022 | finance.yahoo.comA Bounce in the Price of Sonos Would Be Music to LongsJune 15, 2022 | finance.yahoo.comSonos stock falls amid downgrade, cautious consumer spendingJune 15, 2022 | benzinga.comMorgan Stanley Downgrades Sonos to Equal-Weight, Announces $28 Price Target - Benzinga - BenzingaJune 15, 2022 | americanbankingnews.comSonos (NASDAQ:SONO) Lowered to "Equal Weight" at Morgan StanleyJune 13, 2022 | msn.comThe travel-friendly Sonos Roam is still on sale for a rare $37 offJune 10, 2022 | finance.yahoo.comSonos (SONO) Down 0.6% Since Last Earnings Report: Can It Rebound?See More Headlines Industry, 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/AEmployees1,525Year Founded2002Company Calendar Last Earnings5/11/2022Today7/01/2022Next Earnings (Estimated)8/10/2022Fiscal Year End9/30/2022Price Target and Rating Average Stock Price Forecast$34.25 High Stock Price Forecast$40.00 Low Stock Price Forecast$28.00 Forecasted Upside/Downside+89.9%Consensus RatingModerate Buy Rating Score (0-4)2.5 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.98 Trailing P/E Ratio18.41 Forward P/E Ratio16.55 P/E Growth2.04Net Income$158.60 million Net Margins7.83% Pretax Margin7.98% Return on Equity32.39% Return on Assets16.84% Debt Debt-to-Equity RatioN/A Current Ratio2.18 Quick Ratio1.61 Sales & Book Value Annual Sales$1.72 billion Price / Sales1.34 Cash Flow$1.99 per share Price / Cash Flow9.06 Book Value$4.52 per share Price / Book3.99Miscellaneous Outstanding Shares127,889,000Free Float123,285,000Market Cap$2.31 billion OptionableOptionable Beta1.86 Social Links Sonos 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 twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Sonos stock. View analyst ratings for Sonos or view top-rated stocks. What is Sonos' stock price forecast for 2022? 2 Wall Street analysts have issued 12-month price objectives for Sonos' shares. Their SONO stock forecasts range from $28.00 to $40.00. On average, they anticipate Sonos' share price to reach $34.25 in the next twelve months. This suggests a possible upside of 89.9% from the stock's current price. View analysts' price targets for Sonos or view top-rated stocks among Wall Street analysts. How has Sonos' stock price performed in 2022? Sonos' stock was trading at $29.80 at the beginning of the year. Since then, SONO shares have decreased by 39.5% and is now trading at $18.04. View the best growth stocks for 2022 here. When is Sonos' next earnings date? Sonos is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022. View our earnings forecast for Sonos. How were Sonos' earnings last quarter? Sonos, Inc. (NASDAQ:SONO) issued its quarterly earnings results on Wednesday, May, 11th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The business earned $399.78 million during the quarter, compared to analysts' expectations of $361.40 million. Sonos had a trailing twelve-month return on equity of 32.39% and a net margin of 7.83%. During the same quarter in the previous year, the firm posted $0.31 EPS. View Sonos' earnings history. What guidance has Sonos issued on next quarter's earnings? Sonos updated its FY 2022 earnings guidance on Wednesday, June, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.95 billion-$2.00 billion, compared to the consensus revenue estimate of $1.97 billion. Who are Sonos' key executives? Sonos' management team includes the following people: Mr. Patrick Spence, CEO, Pres & Director (Age 47, Pay $523.35k) (LinkedIn Profile)Ms. Brittany Bagley, Chief Financial Officer (Age 39, Pay $983.58k) (LinkedIn Profile)Mr. Edward P. Lazarus, Chief Legal Officer & Corp. Sec. (Age 63, Pay $775.46k)Mr. Matthew O. Siegel, Chief Commercial Officer (Age 48, Pay $829.71k) (LinkedIn Profile)Mr. Nicholas Millington, Chief Innovation Officer (Age 45, Pay $775.67k)Mr. Thomas Cullen, Co-Founder and VP of Sales & MarketingMr. Maxime Bouvat-Merlin, Sr. VP of Hardware & Operations (Age 46)Mr. Michael Groeninger, VP of Corp. Fin.Mr. Cammeron Finnegan McLaughlin, VP of Investor RelationsMs. Anna Fraser, Chief People Officer (Age 40) (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 Knowles (KN), VIZIO (VZIO), Arlo Technologies (ARLO), Universal Electronics (UEIC), Genasys (GNSS), Rockford (ROFO), Koss (KOSS), Integrated Media Technology (IMTE), Technicolor (TCLRY), Emerson Radio (MSN), Emerson Radio (MSN), Hollund Industrial Marine (HIMR), Provision (PVHO) and Guitammer (GTMM). 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 (IPO) 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. What is Sonos' stock symbol? Sonos trades on the NASDAQ under the ticker symbol "SONO." 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 $18.04. How much money does Sonos make? Sonos (NASDAQ:SONO) has a market capitalization of $2.31 billion and generates $1.72 billion in revenue each year. The company earns $158.60 million in net income (profit) each year or $0.98 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).Read More When was Sonos founded? Sonos was founded in 2002. How can I contact Sonos? Sonos' mailing address is 614 CHAPALA STREET, SANTA BARBARA CA, 93101. The official website for Sonos is www.sonos.com. The company can be reached via phone at (805) 965-3001 or via email at [email protected]. This page (NASDAQ:SONO) was last updated on 7/1/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 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. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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