Raymond James & Associates Has $2.24 Million Holdings in Sonos, Inc. (NASDAQ:SONO)

Raymond James & Associates increased its holdings in Sonos, Inc. (NASDAQ:SONOGet Rating) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,848 shares of the company’s stock after acquiring an additional 4,138 shares during the period. Raymond James & Associates owned about 0.13% of Sonos worth $2,236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Louisiana State Employees Retirement System acquired a new stake in shares of Sonos in the 3rd quarter worth about $845,000. Verition Fund Management LLC purchased a new stake in Sonos in the 2nd quarter valued at about $376,000. Prelude Capital Management LLC increased its stake in Sonos by 62.4% in the 2nd quarter. Prelude Capital Management LLC now owns 311,376 shares of the company’s stock valued at $5,617,000 after buying an additional 119,635 shares during the last quarter. Captrust Financial Advisors increased its stake in Sonos by 742.8% in the 2nd quarter. Captrust Financial Advisors now owns 62,999 shares of the company’s stock valued at $1,137,000 after buying an additional 55,524 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in Sonos in the 2nd quarter valued at about $874,000. Institutional investors and hedge funds own 85.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley decreased their price objective on shares of Sonos from $20.00 to $17.00 and set an “equal weight” rating for the company in a research note on Monday, October 17th. DA Davidson decreased their price objective on shares of Sonos to $26.00 in a research note on Thursday, December 1st.

Sonos Stock Up 1.0 %

Sonos stock opened at $18.31 on Monday. Sonos, Inc. has a twelve month low of $13.65 and a twelve month high of $31.22. The firm has a 50 day moving average price of $17.51 and a 200-day moving average price of $17.08. The company has a market capitalization of $2.32 billion, a P/E ratio of 42.58, a P/E/G ratio of 9.78 and a beta of 1.89.

Sonos (NASDAQ:SONOGet Rating) last released its earnings results on Wednesday, November 16th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.07). Sonos had a net margin of 3.85% and a return on equity of 13.89%. The company had revenue of $316.29 million for the quarter, compared to the consensus estimate of $302.51 million. Equities analysts expect that Sonos, Inc. will post 0.19 EPS for the current fiscal year.

Sonos Profile

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Sonos, 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.

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Institutional Ownership by Quarter for Sonos (NASDAQ:SONO)

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