Sonos (SONO) Stock Price, News & Analysis

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SONO shares.
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5 analysts have issued 12-month target prices for Sonos' shares. Their SONO share price targets range from $12.00 to $25.00. On average, they expect the company's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 23.7% from the stock's current price.
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Sonos' stock was trading at $17.14 at the start of the year. Since then, SONO shares have decreased by 1.0% and is now trading at $16.97.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Sonos will be holding an earnings conference call on Tuesday, May 7th 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 Tuesday, February, 6th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.22. The firm had revenue of $612.87 million for the quarter, compared to the consensus estimate of $588.96 million. Sonos had a negative net margin of 0.28% and a positive trailing twelve-month return on equity of 5.65%.

ETFs with the largest weight of Sonos (NASDAQ:SONO) stock in their portfolio include MUSQ Global Music Industry ETF (MUSQ), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Vanguard S&P Small-Cap 600 Value ETF (VIOV), iShares S&P Small-Cap 600 Value ETF (IJS) and SPDR S&P 600 Small CapValue ETF (SLYV).SPDR S&P 600 Small Cap ETF (SLY).

Sonos updated its FY 2024 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.

79 employees have rated Sonos Chief Executive Officer Patrick Spence on Glassdoor.com. Patrick Spence has an approval rating of 98% among the company's employees. This puts Patrick Spence in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

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), Block (SQ), Alibaba Group (BABA), PayPal (PYPL), QUALCOMM (QCOM) and Micron Technology (MU).

Sonos (SONO) raised $250 million in an IPO on Thursday, August 2nd 2018. The company issued 13,900,000 shares at a price of $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.

Sonos' stock is owned by a variety of retail and institutional investors. Top institutional investors include Deroy & Devereaux Private Investment Counsel Inc. (0.80%), State of Alaska Department of Revenue (0.06%), Louisiana State Employees Retirement System (0.05%), Yousif Capital Management LLC (0.05%), Maryland State Retirement & Pension System (0.04%) and Diversified Trust Co (0.03%). Insiders that own company stock include Anna Fraser, Brittany Bagley, Christopher Scott Mason, Edward P Lazarus, Joanna Coles, Matthew O Siegel, Matthew O Siegel, Maxime Bouvat-Merlin, Nicholas Millington, Patrick Spence and Thomas Conrad.
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Shares of SONO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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