Sonos, Inc. (NASDAQ:SONO - Get Free Report) Director Joanna Coles sold 905 shares of Sonos stock in a transaction on Monday, May 6th. The shares were sold at an average price of $17.23, for a total value of $15,593.15. Following the sale, the director now directly owns 22,759 shares of the company's stock, valued at $392,137.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Joanna Coles also recently made the following trade(s):
- On Thursday, April 4th, Joanna Coles sold 905 shares of Sonos stock. The shares were sold at an average price of $19.16, for a total value of $17,339.80.
- On Monday, March 4th, Joanna Coles sold 905 shares of Sonos stock. The shares were sold at an average price of $19.35, for a total value of $17,511.75.
Sonos Trading Down 4.2 %
Shares of NASDAQ:SONO opened at $16.84 on Thursday. Sonos, Inc. has a 12-month low of $9.78 and a 12-month high of $21.98. The business's fifty day simple moving average is $18.15 and its 200-day simple moving average is $16.41. The company has a market capitalization of $2.09 billion, a PE ratio of -561.33 and a beta of 2.00.
Sonos (NASDAQ:SONO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.22. Sonos had a positive return on equity of 5.65% and a negative net margin of 0.28%. The business had revenue of $612.87 million for the quarter, compared to the consensus estimate of $588.96 million. Research analysts predict that Sonos, Inc. will post 0.31 EPS for the current year.
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A number of brokerages have weighed in on SONO. Morgan Stanley lifted their target price on Sonos from $20.00 to $25.00 and gave the company an "overweight" rating in a research report on Wednesday, February 7th. Rosenblatt Securities reaffirmed a "buy" rating and set a $24.00 target price on shares of Sonos in a research report on Monday, March 25th. Finally, TheStreet upgraded Sonos from a "d+" rating to a "c-" rating in a report on Wednesday, February 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.
Get Our Latest Report on SONO
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. ProShare Advisors LLC grew its stake in Sonos by 4.6% during the 1st quarter. ProShare Advisors LLC now owns 24,973 shares of the company's stock worth $476,000 after buying an additional 1,092 shares during the last quarter. WNY Asset Management LLC grew its stake in Sonos by 6.3% during the 3rd quarter. WNY Asset Management LLC now owns 19,265 shares of the company's stock worth $249,000 after buying an additional 1,150 shares during the last quarter. Sei Investments Co. grew its stake in Sonos by 0.4% during the 1st quarter. Sei Investments Co. now owns 315,913 shares of the company's stock worth $6,021,000 after buying an additional 1,354 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in Sonos by 16.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 12,389 shares of the company's stock valued at $160,000 after purchasing an additional 1,755 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in Sonos by 4.4% during the 3rd quarter. HighTower Advisors LLC now owns 44,149 shares of the company's stock valued at $573,000 after purchasing an additional 1,857 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.
About Sonos
(
Get 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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