Key Points
- Coliseum Capital bought 100,000 Sonos shares on Feb. 12 at $16.11 and disclosed multiple additional purchases across Feb. 4–17, collectively adding large blocks of stock and raising its stake to roughly 15.76 million shares (valued at about $254 million).
- Sonos beat quarterly estimates with $0.93 EPS vs. $0.85 expected and $545.7M in revenue, though the company reported a negative net margin and analysts forecast a full-year EPS of about -$0.37.
- Analyst and institutional sentiment is broadly constructive — Sonos has a consensus "Moderate Buy" rating with a $20 consensus target (several firms at buy ratings and targets up to $21) and institutional ownership around 85.8%.
Sonos, Inc. (NASDAQ:SONO - Get Free Report) major shareholder Coliseum Capital Management, L purchased 100,000 shares of the business's stock in a transaction on Thursday, February 12th. The stock was purchased at an average cost of $16.11 per share, for a total transaction of $1,611,000.00. Following the completion of the acquisition, the insider directly owned 15,763,353 shares of the company's stock, valued at approximately $253,947,616.83. The trade was a 0.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Coliseum Capital Management, L also recently made the following trade(s):
- On Tuesday, February 17th, Coliseum Capital Management, L acquired 290,000 shares of Sonos stock. The stock was acquired at an average cost of $15.59 per share, with a total value of $4,521,100.00.
- On Friday, February 13th, Coliseum Capital Management, L bought 257,210 shares of Sonos stock. The shares were acquired at an average price of $15.74 per share, for a total transaction of $4,048,485.40.
- On Friday, February 6th, Coliseum Capital Management, L purchased 26,824 shares of Sonos stock. The stock was acquired at an average price of $16.49 per share, with a total value of $442,327.76.
- On Thursday, February 5th, Coliseum Capital Management, L purchased 211,530 shares of Sonos stock. The stock was acquired at an average cost of $16.29 per share, with a total value of $3,445,823.70.
- On Wednesday, February 4th, Coliseum Capital Management, L purchased 494,719 shares of Sonos stock. The shares were acquired at an average price of $15.50 per share, for a total transaction of $7,668,144.50.
Sonos Stock Up 0.6%
Shares of Sonos stock opened at $15.60 on Wednesday. The company has a 50 day moving average price of $16.70 and a 200 day moving average price of $16.07. The firm has a market capitalization of $1.89 billion, a P/E ratio of -91.76 and a beta of 2.05. Sonos, Inc. has a 52 week low of $7.63 and a 52 week high of $19.82.
Sonos (NASDAQ:SONO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.08. Sonos had a negative net margin of 1.22% and a positive return on equity of 0.82%. The business had revenue of $545.66 million for the quarter, compared to analyst estimates of $536.93 million. During the same quarter in the prior year, the business posted $0.64 EPS. Sonos's revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts anticipate that Sonos, Inc. will post -0.37 earnings per share for the current fiscal year.
Key Headlines Impacting Sonos
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.
Institutional Investors Weigh In On Sonos
Hedge funds and other institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its stake in shares of Sonos by 307.9% in the 4th quarter. Hantz Financial Services Inc. now owns 1,762 shares of the company's stock valued at $31,000 after purchasing an additional 1,330 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Sonos by 699.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,055 shares of the company's stock valued at $36,000 after buying an additional 1,798 shares during the period. Daiwa Securities Group Inc. purchased a new position in Sonos in the fourth quarter valued at $50,000. Nisa Investment Advisors LLC raised its position in shares of Sonos by 65.6% in the second quarter. Nisa Investment Advisors LLC now owns 3,203 shares of the company's stock worth $35,000 after acquiring an additional 1,269 shares during the period. Finally, Quarry LP raised its position in shares of Sonos by 485.8% in the third quarter. Quarry LP now owns 3,251 shares of the company's stock worth $51,000 after acquiring an additional 2,696 shares during the period. Institutional investors and hedge funds own 85.82% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Rosenblatt Securities reissued a "buy" rating and issued a $21.00 price objective on shares of Sonos in a report on Monday, February 2nd. Morgan Stanley set a $18.00 price target on shares of Sonos in a report on Wednesday, February 4th. Wall Street Zen upgraded shares of Sonos from a "hold" rating to a "buy" rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Sonos in a research note on Thursday, January 22nd. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Sonos currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.
View Our Latest Stock Analysis on Sonos
About Sonos
(
Get Free Report)
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.
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