Sonos, Inc. (NASDAQ:SONO – Get Rating)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $16.84, but opened at $17.31. Sonos shares last traded at $17.02, with a volume of 46,156 shares traded.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. DA Davidson decreased their price objective on Sonos to $29.00 in a report on Monday, August 15th. Stifel Nicolaus decreased their price target on Sonos from $24.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, August 11th. Finally, Morgan Stanley decreased their price target on Sonos from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Monday, October 17th.
Sonos Trading Down 1.4 %
The company has a 50 day moving average of $15.21 and a 200 day moving average of $18.12. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 39.77, a price-to-earnings-growth ratio of 3.15 and a beta of 1.92.
Hedge Funds Weigh In On Sonos
Sonos Company Profile
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.
- Get a free copy of the StockNews.com research report on Sonos (SONO)
- MarketBeat: Week in Review 11/14 – 11/18
- Target’s Double Bottom Might Have Just Been Confirmed
- How High Can the Fed Go? How to Trade it
- Does ASML’s November Rally Have Staying Power?
- Verra Mobility Stock Has Returned Back to the Station
Receive News & Ratings for Sonos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonos and related companies with MarketBeat.com's FREE daily email newsletter.