Key Points
- Sonos director Karen Boone sold 10,000 shares at an average price of $15.39, generating $153,900. The Rule 10b5-1 transaction reduced her holdings by 10.61% to 84,271 shares.
- Sonos reported quarterly EPS of $0.27, exceeding the $0.04 consensus estimate, while revenue rose 8.8% year over year to $375.26 million.
- Analysts maintain a consensus “Hold” rating with a $20 price target; institutional investors own 85.82% of the company’s shares.
Sonos, Inc. (NASDAQ:SONO - Get Free Report) Director Karen Boone sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $15.39, for a total transaction of $153,900.00. Following the completion of the sale, the director owned 84,271 shares in the company, valued at $1,296,930.69. This represents a 10.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sonos Trading Up 1.1%
NASDAQ:SONO opened at $16.16 on Friday. The company has a market cap of $1.91 billion, a PE ratio of 35.91 and a beta of 1.93. The company has a 50 day simple moving average of $15.10 and a two-hundred day simple moving average of $14.73. Sonos, Inc. has a 12 month low of $12.44 and a 12 month high of $19.82.
Sonos (NASDAQ:SONO - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.23. Sonos had a return on equity of 19.10% and a net margin of 3.82%.The firm had revenue of $375.26 million for the quarter, compared to analysts' expectations of $365.65 million. During the same period in the prior year, the firm earned ($0.03) EPS. The company's revenue was up 8.8% compared to the same quarter last year. Research analysts forecast that Sonos, Inc. will post 0.69 earnings per share for the current year.
Institutional Investors Weigh In On Sonos
Hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its stake in Sonos by 307.9% in the fourth quarter. Hantz Financial Services Inc. now owns 1,762 shares of the company's stock worth $31,000 after acquiring an additional 1,330 shares during the period. Northwestern Mutual Wealth Management Co. boosted 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 purchasing an additional 1,798 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Sonos in the 4th quarter worth approximately $50,000. Quarry LP increased its position in Sonos by 485.8% during the 3rd quarter. Quarry LP now owns 3,251 shares of the company's stock valued at $51,000 after buying an additional 2,696 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in Sonos in the fourth quarter worth about $64,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
SONO has been the subject of several recent analyst reports. Weiss Ratings raised shares of Sonos from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. Rosenblatt Securities reissued a "buy" rating and issued a $21.00 price objective on shares of Sonos in a research report on Thursday, July 30th. Finally, Wall Street Zen lowered Sonos from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 22nd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sonos has an average rating of "Hold" and a consensus price target of $20.00.
View Our Latest Stock Analysis on SONO
Key Headlines Impacting Sonos
Here are the key news stories impacting Sonos this week:
- Positive Sentiment: New premium products could support revenue growth: Sonos launched the Beam Ultra soundbar and $449 Ace Ultra headphones, both available for preorder. Positive early impressions and expanded premium offerings may help the company increase average selling prices and compete more effectively in home audio. Sonos Beam Ultra and Ace Ultra launch
- Positive Sentiment: Sonos 27 puts software and AI at the center of the ecosystem: The company’s major software update reportedly adds AI-powered control and new ways to manage audio devices. A stronger software layer could improve customer engagement, differentiate Sonos products and create longer-term ecosystem value. Sonos 27 AI software update
- Positive Sentiment: Third-party integrations broaden product appeal: Philips Hue’s ecosystem now includes Sonos, potentially making Sonos devices more useful in connected-home setups and increasing the value of its platform. Philips Hue Sonos integration
- Positive Sentiment: Early product feedback is encouraging: Initial reviews describe the Beam Ultra as sounding strong, supporting the company’s positioning in premium soundbars. Beam Ultra first listen review
Sonos Company Profile
(
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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