Sonos, Inc. (NASDAQ:SONO) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of Sonos, Inc. (NASDAQ:SONO) by 88.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,609 shares of the company’s stock after selling 56,356 shares during the period. SG Americas Securities LLC’s holdings in Sonos were worth $130,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Ameritas Investment Partners Inc. grew its position in shares of Sonos by 5.5% during the first quarter. Ameritas Investment Partners Inc. now owns 9,948 shares of the company’s stock worth $281,000 after acquiring an additional 519 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Sonos by 3.8% during the first quarter. ProShare Advisors LLC now owns 20,895 shares of the company’s stock worth $410,000 after acquiring an additional 762 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Sonos by 74.1% during the third quarter. Public Employees Retirement System of Ohio now owns 1,826 shares of the company’s stock worth $25,000 after acquiring an additional 777 shares during the last quarter. Centaurus Financial Inc. grew its position in shares of Sonos by 23.4% during the first quarter. Centaurus Financial Inc. now owns 4,481 shares of the company’s stock worth $126,000 after acquiring an additional 849 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Sonos by 22.0% during the third quarter. Lazard Asset Management LLC now owns 5,349 shares of the company’s stock worth $69,000 after acquiring an additional 964 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sonos

In other news, insider Christopher Scott Mason sold 20,000 shares of the company’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $17.62, for a total transaction of $352,400.00. Following the transaction, the insider now directly owns 119,179 shares of the company’s stock, valued at approximately $2,099,933.98. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Thomas Conrad sold 5,337 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $18.31, for a total value of $97,720.47. Following the sale, the director now directly owns 37,334 shares in the company, valued at approximately $683,585.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher Scott Mason sold 20,000 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $17.62, for a total transaction of $352,400.00. Following the completion of the sale, the insider now owns 119,179 shares in the company, valued at $2,099,933.98. The disclosure for this sale can be found here. Insiders have sold a total of 27,147 shares of company stock valued at $484,972 in the last ninety days. 3.30% of the stock is currently owned by company insiders.

Sonos Price Performance

NASDAQ:SONO opened at $16.98 on Thursday. The firm’s fifty day moving average price is $18.57 and its 200 day moving average price is $15.86. Sonos, Inc. has a 1-year low of $9.78 and a 1-year high of $21.98. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of -565.81 and a beta of 1.99.

Sonos (NASDAQ:SONO) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.22. Sonos had a negative net margin of 0.28% and a positive return on equity of 5.65%. The business had revenue of $612.87 million for the quarter, compared to analysts’ expectations of $588.96 million. As a group, analysts expect that Sonos, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TheStreet upgraded shares of Sonos from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $24.00 price objective on shares of Sonos in a research report on Monday, March 25th. Finally, Morgan Stanley lifted their price objective on shares of Sonos from $20.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Sonos currently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Sonos Company Profile

Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company 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.