Y Intercept Hong Kong Ltd lifted its position in shares of Sonos, Inc. (NASDAQ:SONO – Free Report) by 133.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,366 shares of the company’s stock after acquiring an additional 80,291 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Sonos were worth $1,881,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Sonos by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 13,935,287 shares of the company’s stock valued at $244,704,000 after purchasing an additional 204,934 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Sonos by 2.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 3,281,869 shares of the company’s stock worth $57,630,000 after purchasing an additional 85,468 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Sonos by 20.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,216,366 shares of the company’s stock worth $56,479,000 after purchasing an additional 552,886 shares in the last quarter. Geode Capital Management LLC grew its holdings in Sonos by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,908,435 shares of the company’s stock valued at $51,082,000 after purchasing an additional 20,602 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Sonos by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,888,760 shares of the company’s stock valued at $33,167,000 after purchasing an additional 82,156 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.
Key Sonos News
Here are the key news stories impacting Sonos this week:
- Positive Sentiment: Sonos announced it will report third-quarter fiscal 2026 results on July 29, giving investors a scheduled update on performance and strategy. Sonos Announces Date for Third Quarter Fiscal 2026 Financial Results and Conference Call
- Neutral Sentiment: Sonos speakers and headphones are featured in several shopping/deal articles, including discounts on Sonos Ace headphones and the Era 100 speaker. These promotions may help near-term demand and visibility, but they also suggest heavier discounting. Sonos Ace wireless headphones are steeply discounted
- Negative Sentiment: Multiple reports say Sonos is laying off senior design and product executives as part of a restructuring, raising investor concerns about internal disruption and whether product development could slow. Sonos laid off some of its veteran product and design executives.
- Negative Sentiment: Several articles also highlight criticism of Sonos products and competition from alternative soundbars and apps, which could reinforce worries about brand momentum and customer satisfaction. 4 cheaper soundbars you should try instead of a Sonos
Sonos Trading Up 1.9%
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Zacks Research downgraded Sonos from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings raised shares of Sonos from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of Sonos from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Rosenblatt Securities restated a “buy” rating and set a $21.00 target price on shares of Sonos in a research report on Monday, June 15th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Sonos presently has an average rating of “Hold” and an average price target of $20.00.
Get Our Latest Stock Report on Sonos
Sonos Profile
Sonos, Inc is a consumer electronics company specializing in wireless home audio systems. The company’s core business revolves around designing, developing and manufacturing smart speakers and soundbars that deliver high-fidelity audio and seamless multi-room listening experiences. Sonos products connect via Wi-Fi or Bluetooth and integrate with popular streaming services, enabling users to control music and other audio content through a dedicated mobile app, voice assistants or traditional controls.
Sonos offers a diversified product lineup that includes compact speakers such as Sonos One and Sonos Roam, premium models like Sonos Five and Sonos Move, home theater solutions including Sonos Beam and Sonos Arc, as well as accessories such as the Sonos Sub and Sonos Amp.
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