Public Sector Pension Investment Board Raises Position in Sonos, Inc. $SONO

Public Sector Pension Investment Board grew its position in shares of Sonos, Inc. (NASDAQ:SONO) by 15.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 471,549 shares of the company’s stock after buying an additional 62,163 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of Sonos worth $7,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in Sonos by 65.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,203 shares of the company’s stock valued at $35,000 after acquiring an additional 1,269 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of Sonos by 9.0% in the second quarter. Centaurus Financial Inc. now owns 10,375 shares of the company’s stock worth $112,000 after purchasing an additional 856 shares during the last quarter. Transcend Capital Advisors LLC purchased a new stake in shares of Sonos during the second quarter valued at $119,000. Integrated Investment Consultants LLC purchased a new stake in shares of Sonos during the second quarter valued at $139,000. Finally, Allworth Financial LP increased its holdings in Sonos by 1,917.0% in the 2nd quarter. Allworth Financial LP now owns 12,929 shares of the company’s stock worth $140,000 after buying an additional 12,288 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Morgan Stanley set a $18.00 target price on shares of Sonos in a research note on Wednesday, February 4th. Wall Street Zen upgraded shares of Sonos from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Jefferies Financial Group raised their target price on shares of Sonos from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, January 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sonos in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded Sonos from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.00.

Sonos News Roundup

Here are the key news stories impacting Sonos this week:

• Positive Sentiment: Major shareholder Coliseum Capital bought large blocks of SONO stock across Feb. 12–17, adding 647,210 shares (~$10.18M total) and raising its stake to ~16.3M shares — a signal of confidence from a >10% holder that can support the stock. Read More.
• Positive Sentiment: Analysts maintain a constructive view: consensus recommendation flagged as “Moderate Buy,” which can help demand for the shares among institutional investors. Read More.
• Neutral Sentiment: Retail promotions and discounts (Arc/Arc Ultra, Ace headphones and sitewide sales) are driving unit movement and short-term revenue but could compress margins or signal inventory clearing if sustained. Read More.
• Neutral Sentiment: Additional sale coverage and product discount stories highlight strong seasonal promotions (Presidents Day sales across outlets), which may boost near-term sales but leave mixed signals on demand strength. Read More.
• Negative Sentiment: New competitor products positioned against Sonos’ Dolby Atmos soundbars increase competitive pressure in the high-end audio market, potentially pressuring pricing and market share. Read More.
• Negative Sentiment: Technicals are a headwind: the stock is trading below both its 50-day and 200-day simple moving averages, suggesting resistance near recent levels that could limit near-term upside until momentum improves. Read More.

Sonos Stock Performance

NASDAQ SONO opened at $15.60 on Wednesday. The business’s fifty day moving average is $16.70 and its 200 day moving average is $16.07. Sonos, Inc. has a fifty-two week low of $7.63 and a fifty-two week high of $19.82. The company has a market capitalization of $1.89 billion, a PE ratio of -91.76 and a beta of 2.05.

Sonos (NASDAQ:SONO) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.85 by $0.08. The firm had revenue of $545.66 million for the quarter, compared to the consensus estimate of $536.93 million. Sonos had a positive return on equity of 0.82% and a negative net margin of 1.22%.The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. On average, sell-side analysts forecast that Sonos, Inc. will post -0.37 EPS for the current year.

Insider Buying and Selling at Sonos

In related news, major shareholder Coliseum Capital Management, L acquired 494,719 shares of Sonos stock in a transaction dated Wednesday, February 4th. The shares were purchased at an average price of $15.50 per share, for a total transaction of $7,668,144.50. Following the completion of the transaction, the insider directly owned 15,424,999 shares in the company, valued at approximately $239,087,484.50. This represents a 3.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward P. Lazarus sold 12,000 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $19.00, for a total transaction of $228,000.00. Following the transaction, the insider owned 423,219 shares of the company’s stock, valued at approximately $8,041,161. This represents a 2.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders purchased a total of 1,380,283 shares of company stock valued at $21,736,881 in the last ninety days. 1.25% of the stock is currently owned by insiders.

Sonos Profile

Sonos, Inc is a consumer electronics company specializing in wireless home audio systems. The company’s core business revolves around designing, developing and manufacturing smart speakers and soundbars that deliver high-fidelity audio and seamless multi-room listening experiences. Sonos products connect via Wi-Fi or Bluetooth and integrate with popular streaming services, enabling users to control music and other audio content through a dedicated mobile app, voice assistants or traditional controls.

Sonos offers a diversified product lineup that includes compact speakers such as Sonos One and Sonos Roam, premium models like Sonos Five and Sonos Move, home theater solutions including Sonos Beam and Sonos Arc, as well as accessories such as the Sonos Sub and Sonos Amp.