Louisiana State Employees Retirement System Makes New Investment in Sonos, Inc. $SONO

Posted by Stanley Muller on Jul 7th, 2026

Louisiana State Employees Retirement System purchased a new stake in Sonos, Inc. (NASDAQ:SONO – Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 53,600 shares of the company’s stock, valued at approximately $718,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OP Asset Management Ltd bought a new position in shares of Sonos during the first quarter valued at approximately $10,414,000. Corient Private Wealth LLC grew its holdings in Sonos by 156.3% in the 4th quarter. Corient Private Wealth LLC now owns 41,424 shares of the company’s stock worth $727,000 after buying an additional 25,261 shares in the last quarter. Invesco Ltd. increased its position in Sonos by 3.1% in the 4th quarter. Invesco Ltd. now owns 533,132 shares of the company’s stock valued at $9,362,000 after acquiring an additional 16,118 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Sonos by 3.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 43,263 shares of the company’s stock valued at $760,000 after acquiring an additional 1,318 shares in the last quarter. Finally, Summit Global Investments acquired a new position in Sonos during the 4th quarter worth $1,255,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Sonos Price Performance

Shares of SONO traded up $0.15 during midday trading on Tuesday, reaching $13.75. The stock had a trading volume of 132,593 shares, compared to its average volume of 1,713,702. The company has a market capitalization of $1.64 billion, a P/E ratio of 80.89 and a beta of 1.96. The firm’s 50 day moving average price is $14.81 and its 200-day moving average price is $15.10. Sonos, Inc. has a 52 week low of $10.11 and a 52 week high of $19.82.

Wall Street Analysts Forecast Growth

SONO has been the subject of several recent analyst reports. Weiss Ratings raised Sonos from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Sonos in a report on Monday, June 15th. Zacks Research cut shares of Sonos from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Wall Street Zen downgraded shares of Sonos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sonos currently has an average rating of “Hold” and a consensus price target of $20.00.

Read Our Latest Research Report on SONO

Sonos Profile

(Free Report)

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.

Louisiana State Employees Retirement System Makes New Investment in Sonos, Inc. $SONO

Sonos Price Performance

Wall Street Analysts Forecast Growth

Sonos Profile

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