Dimensional Fund Advisors LP Has $40.35 Million Stake in Sonos, Inc. (NASDAQ:SONO)

Dimensional Fund Advisors LP lowered its holdings in shares of Sonos, Inc. (NASDAQ:SONOFree Report) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,353,785 shares of the company’s stock after selling 19,740 shares during the quarter. Dimensional Fund Advisors LP owned 1.90% of Sonos worth $40,345,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of Sonos in the 4th quarter valued at about $35,000. Ieq Capital LLC acquired a new stake in Sonos in the 3rd quarter valued at approximately $132,000. U.S. Capital Wealth Advisors LLC bought a new stake in Sonos in the 4th quarter valued at approximately $175,000. Fox Run Management L.L.C. acquired a new position in Sonos during the 3rd quarter worth approximately $176,000. Finally, Algert Global LLC bought a new position in shares of Sonos during the 3rd quarter worth approximately $186,000. Institutional investors own 85.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on SONO. Morgan Stanley upped their target price on Sonos from $20.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. TheStreet raised Sonos from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Finally, Rosenblatt Securities restated a “buy” rating and set a $24.00 target price on shares of Sonos in a report on Monday, March 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Get Our Latest Report on SONO

Sonos Stock Down 0.6 %

Shares of NASDAQ:SONO opened at $15.79 on Friday. Sonos, Inc. has a 12-month low of $9.78 and a 12-month high of $19.76. The company’s 50 day moving average price is $17.41 and its two-hundred day moving average price is $17.02. The firm has a market cap of $1.94 billion, a PE ratio of -45.11 and a beta of 2.00.

Sonos (NASDAQ:SONOGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.08). The company had revenue of $252.66 million for the quarter, compared to analyst estimates of $246.48 million. Sonos had a negative return on equity of 0.44% and a negative net margin of 2.82%. On average, research analysts expect that Sonos, Inc. will post 0.23 EPS for the current year.

Insiders Place Their Bets

In other news, insider Christopher Scott Mason sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $17.57, for a total value of $351,400.00. Following the completion of the transaction, the insider now directly owns 122,009 shares in the company, valued at approximately $2,143,698.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Christopher Scott Mason sold 20,000 shares of Sonos stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $17.57, for a total value of $351,400.00. Following the transaction, the insider now owns 122,009 shares in the company, valued at approximately $2,143,698.13. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Maxime Bouvat-Merlin sold 40,222 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $16.54, for a total value of $665,271.88. Following the transaction, the insider now directly owns 24,650 shares of the company’s stock, valued at approximately $407,711. The disclosure for this sale can be found here. Insiders have sold 82,937 shares of company stock worth $1,419,517 over the last ninety days. Corporate insiders own 3.30% of the company’s stock.

Sonos Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sonos (NASDAQ:SONO)

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