An overview of Sonos Inc’s (SONO) institutional holdings

The price of Sonos Inc (NASDAQ:SONO) shares last traded on Wall Street rose 17.09% to $13.29.

Based on available information, 10 analysts follow Sonos Inc (NASDAQ:SONO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $22.80 and a low of $12.50, we find $17.00. Given the previous closing price of $11.35, this indicates a potential upside of 49.78 percent. SONO stock price is now 12.10% away from the 50-day moving average and -17.64% away from the 200-day moving average. The market capitalization of the company currently stands at $1.70B.

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Among analysts, 4 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $17.90 as their price target over the next twelve months.

With the price target reduced from $20 to $12, BofA Securities Downgraded its rating from Buy to Neutral for Sonos Inc (NASDAQ: SONO).

In other news, Spence Patrick, Chief Executive Officer sold 45,000 shares of the company’s stock on Sep 20. The stock was sold for $603,446 at an average price of $13.41. Upon completion of the transaction, the Chief Executive Officer now directly owns 925,869 shares in the company, valued at $12.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15, Chief Product Officer Bouvat-Merlin Maxime sold 7,496 shares of the business’s stock. A total of $105,531 was realized by selling the stock at an average price of $14.08. This leaves the insider owning 21,681 shares of the company worth $0.29 million. Insiders disposed of 367,500 shares of company stock worth roughly $4.88 million over the past 1 year. A total of 6.91% of the company’s stock is owned by insiders.

A candlestick chart of Sonos Inc (NASDAQ: SONO) showed a price of $11.87 on Thursday morning. During the past 12 months, Sonos Inc has had a low of $9.78 and a high of $21.98. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 1.86, and a quick ratio of 0.88. The fifty day moving average price for SONO is $11.86 and a two-hundred day moving average price translates $16.14 for the stock.

The latest earnings results from Sonos Inc (NASDAQ: SONO) was released for Sep, 2023. According to the Consumer Electronics Company, earnings per share came in at -$0.25, missing analysts’ expectations of -$0.18 by -0.07. This compares to $0.00 EPS in the same period last year. The net profit margin was -0.62% and return on equity was -1.90% for SONO. The company reported revenue of $373.36 million for the quarter, compared to $371.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.42 percent. For the current quarter, analysts expect SONO to generate $645.06M in revenue.

Sonos Inc(SONO) Company Profile

Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories. It 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 The company was formerly known as Rincon Audio, Inc. and changed its name to Sonos, Inc. in May 2004. Sonos, Inc. was incorporated in 2002 and is headquartered in Santa Barbara, California.

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