NBW Capital LLC Has $2.21 Million Position in Sonos, Inc. $SONO

NBW Capital LLC lessened its holdings in shares of Sonos, Inc. (NASDAQ:SONO) by 1.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 204,008 shares of the company’s stock after selling 2,857 shares during the period. NBW Capital LLC owned 0.17% of Sonos worth $2,205,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. AlphaQuest LLC bought a new position in shares of Sonos in the 1st quarter worth $29,000. Nisa Investment Advisors LLC lifted its stake in Sonos by 65.6% in the second quarter. Nisa Investment Advisors LLC now owns 3,203 shares of the company’s stock valued at $35,000 after buying an additional 1,269 shares during the period. Farther Finance Advisors LLC boosted its holdings in Sonos by 222.7% during the second quarter. Farther Finance Advisors LLC now owns 3,714 shares of the company’s stock worth $40,000 after buying an additional 2,563 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Sonos by 96.3% during the 2nd quarter. GAMMA Investing LLC now owns 6,035 shares of the company’s stock worth $65,000 after buying an additional 2,961 shares during the period. Finally, Headlands Technologies LLC increased its stake in shares of Sonos by 38.8% in the 1st quarter. Headlands Technologies LLC now owns 7,760 shares of the company’s stock valued at $83,000 after acquiring an additional 2,168 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

SONO has been the subject of a number of analyst reports. Morgan Stanley set a $17.00 price objective on shares of Sonos and gave the company an “equal weight” rating in a report on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sonos in a report on Wednesday, October 8th. Wall Street Zen raised Sonos from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Rosenblatt Securities boosted their target price on Sonos from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.00.

Insider Activity

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

Sonos Price Performance

SONO opened at $18.55 on Tuesday. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -35.67 and a beta of 2.01. The business’s 50-day moving average price is $16.82 and its two-hundred day moving average price is $13.54. Sonos, Inc. has a 1 year low of $7.63 and a 1 year high of $19.08.

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

Sonos 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.