Sonos, Inc. (NASDAQ:SONO) Shares Purchased by Barclays PLC

Barclays PLC lifted its position in Sonos, Inc. (NASDAQ:SONO - Free Report) by 120.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 923,437 shares of the company's stock after buying an additional 504,293 shares during the period. Barclays PLC owned approximately 0.76% of Sonos worth $11,350,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Sonos by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 1,465,113 shares of the company's stock valued at $21,625,000 after buying an additional 13,373 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in Sonos by 9.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 558,363 shares of the company's stock worth $8,241,000 after purchasing an additional 46,102 shares in the last quarter. F M Investments LLC acquired a new stake in Sonos in the 2nd quarter worth approximately $4,218,000. nVerses Capital LLC purchased a new stake in Sonos during the 2nd quarter worth approximately $81,000. Finally, Natixis Advisors LLC increased its stake in Sonos by 19.8% during the 2nd quarter. Natixis Advisors LLC now owns 22,815 shares of the company's stock valued at $337,000 after purchasing an additional 3,776 shares in the last quarter. Institutional investors own 85.82% of the company's stock.

Sonos Price Performance

SONO stock traded down $0.10 during trading on Tuesday, hitting $14.56. The stock had a trading volume of 1,606,416 shares, compared to its average volume of 1,910,226. Sonos, Inc. has a twelve month low of $10.23 and a twelve month high of $19.76. The company's 50-day moving average price is $13.43 and its two-hundred day moving average price is $13.29. The stock has a market capitalization of $1.77 billion, a P/E ratio of -44.12 and a beta of 2.04.

Sonos (NASDAQ:SONO - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The company reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.22). Sonos had a negative return on equity of 4.97% and a negative net margin of 2.51%. The business had revenue of $255.38 million for the quarter, compared to analyst estimates of $247.92 million. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. The business's revenue was down 16.3% compared to the same quarter last year. As a group, sell-side analysts expect that Sonos, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut Sonos from an "overweight" rating to an "underweight" rating and lowered their price target for the stock from $25.00 to $11.00 in a research report on Thursday, September 26th.

Sonos Company Profile

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.