Sonos, Inc. (NASDAQ:SONO) insider Nicholas Millington sold 4,354 shares of Sonos stock in a transaction on Friday, January 8th. The shares were sold at an average price of $25.03, for a total transaction of $108,980.62. Following the completion of the sale, the insider now owns 122,443 shares of the company’s stock, valued at approximately $3,064,748.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Nicholas Millington also recently made the following trade(s):

  • On Monday, January 11th, Nicholas Millington sold 76,441 shares of Sonos stock. The stock was sold at an average price of $25.27, for a total transaction of $1,931,664.07.

SONO stock opened at $26.29 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.55 and a current ratio of 1.89. The business has a 50-day simple moving average of $23.19 and a two-hundred day simple moving average of $17.17. The company has a market capitalization of $2.97 billion, a P/E ratio of -38.66, a price-to-earnings-growth ratio of 1.89 and a beta of 1.56. Sonos, Inc. has a 52-week low of $6.58 and a 52-week high of $26.69.

Sonos (NASDAQ:SONO) last posted its earnings results on Wednesday, November 18th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.13. The company had revenue of $339.84 million for the quarter, compared to analyst estimates of $298.19 million. Sonos had a negative return on equity of 12.52% and a negative net margin of 5.32%. As a group, sell-side analysts forecast that Sonos, Inc. will post -0.05 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of SONO. D.A. Davidson & CO. boosted its holdings in Sonos by 6.3% during the 3rd quarter. D.A. Davidson & CO. now owns 14,350 shares of the company’s stock worth $218,000 after acquiring an additional 850 shares during the last quarter. Radnor Capital Management LLC boosted its holdings in Sonos by 3.0% during the third quarter. Radnor Capital Management LLC now owns 34,300 shares of the company’s stock worth $521,000 after purchasing an additional 1,000 shares during the last quarter. American International Group Inc. grew its position in Sonos by 2.4% in the 2nd quarter. American International Group Inc. now owns 48,565 shares of the company’s stock worth $711,000 after purchasing an additional 1,139 shares in the last quarter. Perigon Wealth Management LLC grew its position in Sonos by 11.0% in the 3rd quarter. Perigon Wealth Management LLC now owns 14,729 shares of the company’s stock worth $224,000 after purchasing an additional 1,464 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in Sonos in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 66.47% of the company’s stock.

SONO has been the subject of several research analyst reports. Morgan Stanley lifted their price target on shares of Sonos from $20.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, November 19th. BidaskClub lowered Sonos from a “buy” rating to a “hold” rating in a research report on Monday, December 28th. Royal Bank of Canada upped their price target on Sonos from $19.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, November 19th. ValuEngine lowered Sonos from a “buy” rating to a “hold” rating in a report on Saturday, November 21st. Finally, DA Davidson boosted their price objective on Sonos from $16.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, November 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.44.

Sonos Company Profile

Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories. It 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 sonos.com.

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