Sonos (SONO) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $14.24 to $15.17
• 50-Day Range: $12.02 to $14.88
• 52-Week Range: $10.23 to $19.76
• Volume: 4.95 million shs
• Average Volume: 1.92 million shs
• Market Capitalization: $1.77 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $15.00
• Consensus Rating: Hold

Sonos Stock Analysis - MarketRank™

Sonos scored higher than 16% of companies evaluated by MarketBeat, and ranked 263rd out of 287 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Sonos has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Sonos has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Sonos are expected to grow in the coming year, from ($0.30) to ($0.13) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sonos is -44.12, 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. Sector

The P/E ratio of Sonos is -44.12, 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 Ratio

Sonos has a P/B Ratio of 4.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.24% of the float of Sonos has been sold short.

Short Interest Ratio / Days to Cover

Sonos has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sonos has recently decreased by 28.33%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sonos does not currently pay a dividend.

Dividend Growth

Sonos does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.24% of the float of Sonos has been sold short.

Short Interest Ratio / Days to Cover

Sonos has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sonos has recently decreased by 28.33%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.65

News Sentiment

Sonos has a news sentiment score of 0.65. 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 news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Sonos this week, compared to 10 articles on an average week.

Search Interest

Only 2 people have searched for SONO on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

MarketBeat Follows

4 people have added Sonos to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Sonos insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.30% of the stock of Sonos is held by insiders.

Percentage Held by Institutions

85.82% of the stock of Sonos is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SONO Stock Analysis - Frequently Asked Questions

How have SONO shares performed this year?

Sonos' stock was trading at $17.14 at the beginning of the year. Since then, SONO shares have decreased by 15.1% and is now trading at $14.56.
View the best growth stocks for 2024 here.

How were Sonos' earnings last quarter?

Sonos, Inc. (NASDAQ:SONO) posted its quarterly earnings data on Wednesday, November, 13th. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by $0.23. Sonos's revenue for the quarter was down 16.3% compared to the same quarter last year.

Does Sonos have any subsidiaries?

The following companies are subsidiaries of Sonos: Snips, and Sonos Europe B.V. (Netherlands).

When did Sonos IPO?

Sonos (SONO) raised $250 million in an initial public offering (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?

Top institutional investors of Sonos include State Street Corp (3.90%), Wellington Management Group LLP (2.73%), Geode Capital Management LLC (2.33%) and Jacobs Levy Equity Management Inc. (2.30%). Insiders that own company stock include Patrick Spence, Nicholas Millington, Edward P Lazarus, Christopher Scott Mason, Matthew O Siegel, Thomas Conrad, Shamayne Braman and Maxime Bouvat-Merlin.
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.

What other stocks do shareholders of Sonos own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sonos investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), AUO (AUOTY), Voyager Therapeutics (VYGR), The RMR Group (RMR) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 11/13/2024
• Today: 12/21/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Household audio & video equipment
• Sub-Industry: Recreation
• Current Symbol: NASDAQ:SONO
• CUSIP: N/A
• CIK: 1055355
• Web: www.sonos.com
• Phone: (805) 965-3001
• Fax: N/A
• Employees: 1,708
• Year Founded: 2002

Price Target and Rating

• Average Stock Price Target: $15.00
• High Stock Price Target: $24.00
• Low Stock Price Target: $10.00
• Potential Upside/Downside: +3.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.33)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-38,150,000.00
• Net Margins: -2.51%
• Pretax Margin: -1.79%
• Return on Equity: -4.97%
• Return on Assets: -2.51%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.51
• Quick Ratio: 0.87

Sales & Book Value

• Annual Sales: $1.52 billion
• Price / Sales: 1.17
• Cash Flow: $0.12 per share
• Price / Cash Flow: 124.66
• Book Value: $3.52 per share
• Price / Book: 4.14

Miscellaneous

• Outstanding Shares: 121,764,000
• Free Float: 117,746,000
• Market Cap: $1.77 billion
• Optionable: Optionable
• Beta: 2.04