Ensign Peak Advisors Inc Sells 5,050 Shares of Sonos, Inc. $SONO

Ensign Peak Advisors Inc lowered its position in shares of Sonos, Inc. (NASDAQ:SONO) by 12.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,647 shares of the company’s stock after selling 5,050 shares during the period. Ensign Peak Advisors Inc’s holdings in Sonos were worth $396,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of SONO. AlphaQuest LLC purchased a new position in shares of Sonos during the 1st quarter valued at about $29,000. Nisa Investment Advisors LLC lifted its holdings in shares of Sonos by 65.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,203 shares of the company’s stock worth $35,000 after acquiring an additional 1,269 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Sonos by 222.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,714 shares of the company’s stock valued at $40,000 after purchasing an additional 2,563 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Sonos by 96.3% during the 2nd quarter. GAMMA Investing LLC now owns 6,035 shares of the company’s stock valued at $65,000 after purchasing an additional 2,961 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in Sonos by 38.8% in the first quarter. Headlands Technologies LLC now owns 7,760 shares of the company’s stock worth $83,000 after purchasing an additional 2,168 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors.

Sonos Stock Down 0.4%

Shares of SONO opened at $18.56 on Monday. The stock has a market cap of $2.23 billion, a P/E ratio of -35.68 and a beta of 2.01. The business’s 50 day moving average price is $16.76 and its 200-day moving average price is $13.48. Sonos, Inc. has a 52 week low of $7.63 and a 52 week high of $18.86.

Sonos (NASDAQ:SONO) last announced 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). Sonos had a negative net margin of 4.24% and a negative return on equity of 11.66%. The company had revenue of $287.90 million for the quarter, compared to analysts’ expectations of $535.43 million. During the same quarter in the previous year, the firm posted ($0.44) EPS. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. Sonos has set its Q1 2026 guidance at EPS. On average, equities analysts anticipate that Sonos, Inc. will post -0.37 EPS for the current year.

Insider Buying and Selling at Sonos

In other news, CEO Thomas Conrad acquired 62,325 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was bought at an average cost of $16.17 per share, for a total transaction of $1,007,795.25. Following the acquisition, the chief executive officer directly owned 305,103 shares in the company, valued at approximately $4,933,515.51. The trade was a 25.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SONO shares. Rosenblatt Securities lifted their price objective on Sonos from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sonos in a research note on Wednesday, October 8th. Morgan Stanley set a $17.00 price objective on Sonos and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen raised shares of Sonos from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.00.

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.