White Pine Capital LLC acquired a new position in shares of Sonos, Inc. (NASDAQ:SONO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 26,107 shares of the company's stock, valued at approximately $393,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its holdings in Sonos by 3.3% in the third quarter. Harbor Capital Advisors Inc. now owns 39,381 shares of the company's stock valued at $484,000 after purchasing an additional 1,267 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Sonos by 50.1% in the fourth quarter. GAMMA Investing LLC now owns 4,048 shares of the company's stock valued at $61,000 after purchasing an additional 1,352 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Sonos by 4.2% in the fourth quarter. SG Americas Securities LLC now owns 40,839 shares of the company's stock valued at $614,000 after purchasing an additional 1,644 shares in the last quarter. KBC Group NV boosted its holdings in Sonos by 52.5% in the third quarter. KBC Group NV now owns 4,852 shares of the company's stock valued at $60,000 after purchasing an additional 1,670 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new position in Sonos in the third quarter valued at approximately $30,000. 85.82% of the stock is owned by institutional investors and hedge funds.
Sonos Price Performance
Shares of SONO stock traded down $0.41 during trading hours on Tuesday, hitting $12.92. The stock had a trading volume of 2,235,177 shares, compared to its average volume of 2,152,948. The firm has a market capitalization of $1.54 billion, a PE ratio of -22.67 and a beta of 1.97. Sonos, Inc. has a twelve month low of $10.23 and a twelve month high of $19.76. The stock's 50 day moving average is $14.31 and its 200 day moving average is $13.18.
Sonos (NASDAQ:SONO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. Sonos had a negative return on equity of 13.22% and a negative net margin of 4.73%. As a group, equities analysts predict that Sonos, Inc. will post -0.3 earnings per share for the current year.
Analysts Set New Price Targets
Separately, Rosenblatt Securities reaffirmed a "buy" rating and issued a $18.00 price target on shares of Sonos in a report on Friday, February 7th.
View Our Latest Analysis on SONO
Sonos Profile
(
Free Report)
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.
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