Public Sector Pension Investment Board Purchases 62,163 Shares of Sonos, Inc. $SONO

Public Sector Pension Investment Board boosted its position in shares of Sonos, Inc. (NASDAQ:SONO) by 15.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 471,549 shares of the company’s stock after buying an additional 62,163 shares during the period. Public Sector Pension Investment Board’s holdings in Sonos were worth $7,450,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in shares of Sonos by 65.6% during 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 in the last quarter. Centaurus Financial Inc. increased its position in Sonos by 9.0% in the second quarter. Centaurus Financial Inc. now owns 10,375 shares of the company’s stock worth $112,000 after purchasing an additional 856 shares during the last quarter. Transcend Capital Advisors LLC purchased a new stake in Sonos during the second quarter valued at $119,000. Integrated Investment Consultants LLC purchased a new stake in Sonos during the second quarter valued at $139,000. Finally, Allworth Financial LP lifted its position in Sonos by 1,917.0% during the second quarter. Allworth Financial LP now owns 12,929 shares of the company’s stock valued at $140,000 after purchasing an additional 12,288 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Sonos in a report on Thursday, January 22nd. Wall Street Zen upgraded Sonos from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Morgan Stanley set a $18.00 price objective on Sonos in a research report on Wednesday, February 4th. Zacks Research raised Sonos from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $21.00 target price on shares of Sonos in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Sonos Stock Performance

SONO opened at $15.60 on Wednesday. The stock’s 50 day moving average price is $16.70 and its 200-day moving average price is $16.07. Sonos, Inc. has a one year low of $7.63 and a one year high of $19.82. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -91.76 and a beta of 2.05.

Sonos (NASDAQ:SONO) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.08. The firm had revenue of $545.66 million for the quarter, compared to analysts’ expectations of $536.93 million. Sonos had a negative net margin of 1.22% and a positive return on equity of 0.82%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. As a group, analysts predict that Sonos, Inc. will post -0.37 earnings per share for the current fiscal year.

Insider Transactions at Sonos

In other news, major shareholder Coliseum Capital Management, L purchased 494,719 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was acquired at an average cost of $15.50 per share, with a total value of $7,668,144.50. Following the completion of the transaction, the insider owned 15,424,999 shares in the company, valued at $239,087,484.50. This represents a 3.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Edward P. Lazarus sold 12,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $19.00, for a total transaction of $228,000.00. Following the sale, the insider directly owned 423,219 shares of the company’s stock, valued at $8,041,161. The trade was a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired a total of 1,380,283 shares of company stock worth $21,736,881 in the last three months. Insiders own 1.25% of the company’s stock.

More Sonos News

Here are the key news stories impacting Sonos this week:

• Positive Sentiment: Major shareholder Coliseum Capital bought large blocks of SONO stock across Feb. 12–17, adding 647,210 shares (~$10.18M total) and raising its stake to ~16.3M shares — a signal of confidence from a >10% holder that can support the stock. Read More.
• Positive Sentiment: Analysts maintain a constructive view: consensus recommendation flagged as “Moderate Buy,” which can help demand for the shares among institutional investors. Read More.
• Neutral Sentiment: Retail promotions and discounts (Arc/Arc Ultra, Ace headphones and sitewide sales) are driving unit movement and short-term revenue but could compress margins or signal inventory clearing if sustained. Read More.
• Neutral Sentiment: Additional sale coverage and product discount stories highlight strong seasonal promotions (Presidents Day sales across outlets), which may boost near-term sales but leave mixed signals on demand strength. Read More.
• Negative Sentiment: New competitor products positioned against Sonos’ Dolby Atmos soundbars increase competitive pressure in the high-end audio market, potentially pressuring pricing and market share. Read More.
• Negative Sentiment: Technicals are a headwind: the stock is trading below both its 50-day and 200-day simple moving averages, suggesting resistance near recent levels that could limit near-term upside until momentum improves. Read More.

Sonos Company 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.