Raymond James Monetary Services and products Advisors Inc. reduced its stake in Sonos, Inc. (NASDAQ:SONO – Loose Record) via 23.4% all through the second one quarter, consistent with the corporate in its most up-to-date Shape 13F submitting with the SEC. The fund owned 16,015 stocks of the corporate’s inventory after promoting 4,904 stocks all through the quarter. Raymond James Monetary Services and products Advisors Inc.’s holdings in Sonos had been value $262,000 as of its most up-to-date SEC submitting.

Different hedge finances and different institutional buyers have additionally changed their holdings of the corporate. First New york Co. obtained a brand new stake in stocks of Sonos within the first quarter valued at about $36,000. Strs Ohio obtained a brand new stake in stocks of Sonos within the first quarter valued at about $35,000. Public Workers Retirement Gadget of Ohio larger its place in stocks of Sonos via 74.1% within the 0.33 quarter. Public Workers Retirement Gadget of Ohio now owns 1,826 stocks of the corporate’s inventory valued at $25,000 after obtaining an extra 777 stocks all through the closing quarter. Ameritas Advisory Services and products LLC obtained a brand new stake in stocks of Sonos within the first quarter valued at about $36,000. In any case, Pacific Heart for Monetary Services and products obtained a brand new stake in stocks of Sonos within the first quarter valued at about $39,000. Institutional buyers and hedge finances personal 84.26% of the corporate’s inventory.

Insider Task at Sonos

In comparable information, insider Maxime Bouvat-Merlin bought 7,496 stocks of the trade’s inventory in a transaction that passed off on Tuesday, August fifteenth. The inventory was once bought at a mean worth of $14.08, for a complete worth of $105,543.68. Following the final touch of the sale, the insider now without delay owns 21,681 stocks within the corporate, valued at $305,268.48. The sale was once disclosed in a submitting with the SEC, which is to be had at this hyperlink. In different Sonos information, insider Maxime Bouvat-Merlin bought 7,496 stocks of the trade’s inventory in a transaction that passed off on Tuesday, August fifteenth. The stocks had been bought at a mean worth of $14.08, for a complete transaction of $105,543.68. Following the final touch of the transaction, the insider now without delay owns 21,681 stocks within the corporate, valued at $305,268.48. The sale was once disclosed in a report filed with the SEC, which can also be accessed via the SEC web site. Additionally, CEO Patrick Spence bought 45,000 stocks of the trade’s inventory in a transaction that passed off on Wednesday, September twentieth. The stocks had been bought at a mean worth of $13.41, for a complete transaction of $603,450.00. Following the transaction, the manager government officer now owns 925,869 stocks of the corporate’s inventory, valued at $12,415,903.29. The disclosure for this sale can also be discovered right here. 3.13% of the inventory is recently owned via company insiders.

Analysts Set New Value Goals

A lot of equities analysts have weighed in at the corporate. Craig Hallum assumed protection on Sonos in a analysis document on Friday, September eighth. They set a “purchase” score and a $20.00 worth goal at the inventory. DA Davidson boosted their worth goal on Sonos from $22.00 to $24.00 and gave the inventory a “purchase” score in a analysis document on Thursday, August tenth. TheStreet downgraded Sonos from a “c-” score to a “d+” score in a analysis document on Thursday, September twenty first. Financial institution of The usa reduced their worth goal on Sonos from $23.70 to $20.00 in a analysis document on Thursday, August tenth. In any case, Rosenblatt Securities assumed protection on Sonos in a analysis document on Wednesday, September twentieth. They set a “purchase” score and a $20.00 worth goal at the inventory. One analysis analyst has rated the inventory with a hang score and 3 have assigned a purchase score to the corporate. In response to information from MarketBeat, the inventory has a consensus score of “Reasonable Purchase” and a mean worth goal of $20.80.

View Our Newest Inventory Record on SONO

Sonos Inventory Up 2.1 %

Stocks of NASDAQ:SONO opened at $11.34 on Friday. Sonos, Inc. has a 12-month low of $9.78 and a 12-month prime of $21.98. The inventory has a marketplace cap of $1.45 billion, a PE ratio of -32.40, a P/E/G ratio of five.56 and a beta of one.86. The trade has a 50 day transferring reasonable of $12.29 and a 200-day transferring reasonable of $15.09.

Sonos (NASDAQ:SONO – Get Loose Record) closing issued its quarterly income information on Wednesday, August ninth. The corporate reported $0.02 income consistent with percentage (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) via $0.17. The corporate had income of $373.36 million all through the quarter, in comparison to analysts’ expectancies of $340.67 million. Sonos had a destructive go back on fairness of two.77% and a destructive internet margin of two.59%. Equities analysis analysts be expecting that Sonos, Inc. will submit 0.37 income consistent with percentage for the present 12 months.

Sonos Corporate Profile

(Loose Record)

Sonos, Inc, in conjunction with its subsidiaries, designs, develops, manufactures, and sells multi-room audio merchandise within the Americas, Europe, the Heart East, Africa, and the Asia Pacific. The corporate supplies wi-fi audio system, house theater audio system, elements, and equipment. It provides its merchandise via roughly 10,000 third-party retail shops, together with customized installers of house audio programs; and e-commerce shops, in addition to via its Web page sonos.com.

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