NASDAQ:SONO Sonos (SONO) Stock Price, News & Analysis → Elon Musk’s Next Move Will Disrupt AI Forever (From InvestorPlace) (Ad) Free SONO Stock Alerts $17.25 +0.62 (+3.73%) (As of 12:28 PM ET) Add Compare Share Share Today's Range$16.72▼$17.2950-Day Range$16.63▼$19.5152-Week Range$9.78▼$19.76Volume673,539 shsAverage Volume1.92 million shsMarket Capitalization$2.12 billionP/E RatioN/ADividend YieldN/APrice Target$21.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipShort InterestSocial Media Get Sonos alerts: Email Address Sonos MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside24.6% Upside$21.00 Price TargetShort InterestHealthy4.57% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.05Based on 38 Articles This WeekInsider TradingSelling Shares$402,845 Sold Last QuarterProj. Earnings Growth80.65%From $0.31 to $0.56 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.81 out of 5 starsConsumer Discretionary Sector110th out of 269 stocksHousehold Audio & Video Equipment Industry2nd out of 7 stocks 2.4 Analyst's Opinion Consensus RatingSonos has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageSonos has only been the subject of 1 research reports in the past 90 days.Read more about Sonos' stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted4.57% of the float of Sonos has been sold short.Short Interest Ratio / Days to CoverSonos has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Sonos has recently decreased by 8.26%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldSonos does not currently pay a dividend.Dividend GrowthSonos does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SONO. Previous Next 1.6 News and Social Media Coverage News SentimentSonos has a news sentiment score of -0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 38 news articles for Sonos this week, compared to 13 articles on an average week.Search InterestOnly 1 people have searched for SONO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows2 people have added Sonos to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Sonos insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $402,845.00 in company stock.Percentage Held by InsidersOnly 3.30% of the stock of Sonos is held by insiders.Percentage Held by Institutions85.82% of the stock of Sonos is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Sonos' insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Sonos are expected to grow by 80.65% in the coming year, from $0.31 to $0.56 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Sonos is -48.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Sonos is -48.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSonos has a P/B Ratio of 4.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Sonos' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceYour Portfolio’s Shield Against Inflation: Gold’s Surge and AI BreakthroughsWhile gold may be thanking China for its recent growth, this sector is currently thanking Elon Musk. As crazy as it sounds, artificial intelligence just got one step closer to ushering in "the next step in human evolution"... and minting new millionaires. And it's all thanks to Musk's latest AI creation.Click to watch this device in action About Sonos Stock (NASDAQ:SONO)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. 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.Read More SONO Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SONO Stock News HeadlinesMay 9, 2024 | insidertrades.comSonos, Inc. (NASDAQ:SONO) Director Sells $15,593.15 in StockApril 13, 2024 | insidertrades.comSonos, Inc. (NASDAQ:SONO) Insider Sells $352,400.00 in StockMay 13, 2024 | InvestorPlace (Ad)Your Portfolio’s Shield Against Inflation: Gold’s Surge and AI BreakthroughsWhile gold may be thanking China for its recent growth, this sector is currently thanking Elon Musk. As crazy as it sounds, artificial intelligence just got one step closer to ushering in "the next step in human evolution"... and minting new millionaires. And it's all thanks to Musk's latest AI creation.May 13, 2024 | msn.comThe Sonos Arc has dropped to its lowest price since Cyber MondayMay 12, 2024 | msn.comPeople hate the new Sonos app even as company calls redesign 'courageous'May 12, 2024 | macrumors.comSonos Said Rolling Out Widely Criticized App Redesign Took 'Courage'May 12, 2024 | msn.comFaster to use, but missing many features, the new Sonos app is a work in progressMay 11, 2024 | finance.yahoo.comEarnings Update: Sonos, Inc. (NASDAQ:SONO) Just Reported Its Second-Quarter Results And Analysts Are Updating Their ForecastsMay 13, 2024 | InvestorPlace (Ad)Your Portfolio’s Shield Against Inflation: Gold’s Surge and AI BreakthroughsWhile gold may be thanking China for its recent growth, this sector is currently thanking Elon Musk. As crazy as it sounds, artificial intelligence just got one step closer to ushering in "the next step in human evolution"... and minting new millionaires. And it's all thanks to Musk's latest AI creation.May 10, 2024 | fool.comSonos Surpasses Expectations in Q2May 9, 2024 | 9to5mac.comNew Sonos app breaks accessibility for visually impaired users, here’s what this advocate recommendsMay 9, 2024 | forbes.com4 Lessons From Sonos’ App Upgrade FiascoMay 9, 2024 | 9to5mac.comSonos takes a cue from Apple, citing ‘courage’ as why its new app is dislikedMay 9, 2024 | msn.comSonos says redesigned app took ‘courage’ as users freak out over missing featuresMay 9, 2024 | msn.comSonos says its controversial app redesign took ‘courage’May 9, 2024 | investorplace.com3 Russell 2000 Stocks to Sell in May Before They Crash & BurnMay 8, 2024 | msn.comSonos Ace headphones with magnetic cushions leaked alongside pricingMay 8, 2024 | seekingalpha.comSonos: Wait For The Second Half Story To UnfoldMay 8, 2024 | msn.comThe slicker new Sonos app is available as a free upgrade nowMay 8, 2024 | msn.comThe new Sonos app is missing a lot of features, and people aren’t happyMay 8, 2024 | msn.comThis is the Sonos Roam 2 portable speakerMay 8, 2024 | finance.yahoo.comSonos Inc (SONO) Q2 2024 Earnings Call Transcript Highlights: Navigating Market Challenges with ...May 8, 2024 | finance.yahoo.comQ2 2024 Sonos Inc Earnings CallMay 8, 2024 | msn.comSonos is making a beeline for the premium headphones market with these over-ear cansMay 7, 2024 | msn.comSonos Ace headphones will have magnetic ear cushions and 30-hour battery lifeMay 7, 2024 | investorplace.comSONO Stock Earnings: Sonos Beats EPS, Beats Revenue for Q2 2024May 7, 2024 | msn.comWait! Don’t update your Sonos app until you read thisSee More Headlines Receive SONO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Sonos and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/16/2021Today5/13/2024Next Earnings (Estimated)8/14/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorConsumer Discretionary Industry Household audio & video equipment Sub-IndustryN/A Current SymbolNASDAQ:SONO CUSIPN/A CIK1055355 Webwww.sonos.com Phone(805) 965-3001FaxN/AEmployees1,867Year Founded2002Price Target and Rating Average Stock Price Target$21.00 High Stock Price Target$25.00 Low Stock Price Target$12.00 Potential Upside/Downside+26.3%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.35) Trailing P/E RatioN/A Forward P/E Ratio53.65 P/E GrowthN/ANet Income$-10,270,000.00 Net Margins-2.82% Pretax Margin-1.80% Return on Equity-0.44% Return on Assets-0.24% Debt Debt-to-Equity RatioN/A Current Ratio1.92 Quick Ratio1.33 Sales & Book Value Annual Sales$1.54 billion Price / Sales1.32 Cash Flow$0.73 per share Price / Cash Flow22.82 Book Value$4.04 per share Price / Book4.12Miscellaneous Outstanding Shares122,901,000Free Float118,845,000Market Cap$2.04 billion OptionableOptionable Beta2.00 Social Links 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Patrick Spence (Age 49)CEO, President & Director Comp: $621.86kMr. Edward P. Lazarus (Age 65)Chief Strategy Officer, Chief Legal Officer & Corporate Secretary Comp: $546.96kMs. Shamayne Braman (Age 35)Chief People Officer Comp: $459.28kMr. Nicholas Millington (Age 47)Chief Innovation Officer Comp: $518.64kMs. Deirdre Findlay (Age 50)Chief Commercial Officer Comp: $75kMr. Maxime Bouvat-Merlin (Age 48)Chief Product Officer Comp: $523.88kMr. Thomas CullenCo-Founder and VP of Sales & MarketingMs. Saori Casey (Age 56)Chief Financial Officer Mr. Christopher Scott Mason (Age 57)Senior VP, Chief Accounting Officer, Treasurer & Principal Accounting Officer Mr. Michael GroeningerVice President of Corporate FinanceMore ExecutivesKey CompetitorsVIZIONYSE:VZIOCable OneNYSE:CABOCimpressNASDAQ:CMPRMasterBrandNYSE:MBCCinemarkNYSE:CNKView All CompetitorsInsiders & InstitutionsCovestor LtdBought 1,571 shares on 5/11/2024Ownership: 0.002%Vanguard Group Inc.Bought 163,736 shares on 5/10/2024Ownership: 11.507%Connors Investor Services Inc.Sold 7,578 shares on 5/10/2024Ownership: 0.086%First Eagle Investment Management LLCSold 4,400 shares on 5/9/2024Ownership: 0.287%State Board of Administration of Florida Retirement SystemSold 6,390 shares on 5/9/2024Ownership: 0.024%View All Insider TransactionsView All Institutional Transactions SONO Stock Analysis - Frequently Asked Questions Should I buy or sell Sonos stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SONO shares. View SONO analyst ratings or view top-rated stocks. What is Sonos' stock price target for 2024? 5 analysts have issued twelve-month target prices for Sonos' stock. Their SONO share price targets range from $12.00 to $25.00. On average, they anticipate the company's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 24.6% from the stock's current price. View analysts price targets for SONO or view top-rated stocks among Wall Street analysts. How have SONO shares performed in 2024? Sonos' stock was trading at $17.14 at the beginning of the year. Since then, SONO stock has decreased by 1.7% and is now trading at $16.85. View the best growth stocks for 2024 here. When is Sonos' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024. View our SONO earnings forecast. How were Sonos' earnings last quarter? Sonos, Inc. (NASDAQ:SONO) released its quarterly earnings results on Tuesday, November, 16th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. The firm had revenue of $359.54 million for the quarter, compared to analyst estimates of $360.23 million. Sonos had a negative net margin of 2.82% and a negative trailing twelve-month return on equity of 0.44%. Sonos's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. What ETFs hold Sonos' stock? ETFs with the largest weight of Sonos (NASDAQ:SONO) stock in their portfolio include MUSQ Global Music Industry ETF (MUSQ), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and iShares S&P Small-Cap 600 Value ETF (IJS).SPDR S&P 600 Small Cap ETF (SLY). What guidance has Sonos issued on next quarter's earnings? Sonos updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion. What is Patrick Spence's approval rating as Sonos' CEO? 79 employees have rated Sonos Chief Executive Officer Patrick Spence on Glassdoor.com. Patrick Spence has an approval rating of 98% among the company's employees. This puts Patrick Spence in the top 20% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Sonos own? Based on aggregate information from My MarketBeat watchlists, some companies that other Sonos investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Boeing (BA), DocuSign (DOCU), Block (SQ), Alibaba Group (BABA), PayPal (PYPL), QUALCOMM (QCOM) and Micron Technology (MU). When did Sonos IPO? Sonos (SONO) raised $250 million in an IPO on Thursday, August 2nd 2018. The company issued 13,900,000 shares at a price of $17.00-$19.00 per share. Morgan Stanley, Goldman Sachs and Allen & Company acted as the underwriters for the IPO and RBC Capital Markets, Jefferies, KKR, Raymond James and Stifel were co-managers. Who are Sonos' major shareholders? Sonos' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.51%), Deroy & Devereaux Private Investment Counsel Inc. (0.80%), Principal Financial Group Inc. (0.52%), Russell Investments Group Ltd. (0.44%), First Eagle Investment Management LLC (0.29%) and Sei Investments Co. (0.26%). Insiders that own company stock include Anna Fraser, Brittany Bagley, Christopher Scott Mason, Edward P Lazarus, Joanna Coles, Matthew O Siegel, Matthew O Siegel, Maxime Bouvat-Merlin, Nicholas Millington, Patrick Spence and Thomas Conrad. View institutional ownership trends. How do I buy shares of Sonos? Shares of SONO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. Does Sonos have any subsidiaries? The following companies are subsidiares of Sonos: Snips, and Sonos Europe B.V. (Netherlands).Read More This page (NASDAQ:SONO) was last updated on 5/13/2024 by MarketBeat.com Staff From Our PartnersExposed: 10 CENT Crypto to Explode May 20th?True Market InsidersDave Ramsey Shocks Millions With US Dollar LunacyAmerican Hartford Gold GroupDoes this make you sick?Allegiance GoldThe Department of Defense Has a New Drone ContractorThe Tomorrow InvestorThis 1 Biotech Stock has been shocking the marketsHuge AlertsNext President (Not Trump. Not Biden.)The Freeport SocietyHave you heard of the $11 AI Coin?InvestorPlaceThe 2024 Gold Rush: Unleashing Market PotentialPriority Gold Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Sonos, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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