Sonos (NASDAQ:SONO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sonos (NASDAQ:SONO) from a hold rating to a buy rating in a research note published on Saturday morning.

SONO has been the topic of several other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Sonos in a research report on Wednesday, October 8th. Morgan Stanley set a $17.00 price objective on shares of Sonos and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Finally, Rosenblatt Securities boosted their target price on shares of Sonos from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.00.

Sonos Trading Up 5.1%

NASDAQ:SONO opened at $17.64 on Friday. The business’s 50-day moving average is $16.50 and its 200 day moving average is $13.27. Sonos has a 12 month low of $7.63 and a 12 month high of $18.06. The company has a market capitalization of $2.12 billion, a P/E ratio of -33.92 and a beta of 2.27.

Sonos (NASDAQ:SONO) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). The firm had revenue of $287.90 million during the quarter, compared to the consensus estimate of $535.43 million. Sonos had a negative return on equity of 11.66% and a negative net margin of 4.24%.The business’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.44) EPS. Sonos has set its Q1 2026 guidance at EPS. On average, research analysts forecast that Sonos will post -0.37 earnings per share for the current year.

Insider Activity

In other news, CEO Thomas Conrad purchased 62,325 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average cost of $16.17 per share, with a total value of $1,007,795.25. Following the purchase, the chief executive officer owned 305,103 shares in the company, valued at approximately $4,933,515.51. This trade represents a 25.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SONO. AlphaQuest LLC purchased a new stake in shares of Sonos in the first quarter worth approximately $29,000. Nisa Investment Advisors LLC grew its position in Sonos by 65.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,203 shares of the company’s stock valued at $35,000 after acquiring an additional 1,269 shares during the last quarter. Quarry LP increased its stake in Sonos by 485.8% in the third quarter. Quarry LP now owns 3,251 shares of the company’s stock worth $51,000 after purchasing an additional 2,696 shares during the period. Farther Finance Advisors LLC increased its stake in Sonos by 222.7% in the second quarter. Farther Finance Advisors LLC now owns 3,714 shares of the company’s stock worth $40,000 after purchasing an additional 2,563 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Sonos by 96.3% during the second quarter. GAMMA Investing LLC now owns 6,035 shares of the company’s stock worth $65,000 after purchasing an additional 2,961 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

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.