Sonos (NASDAQ:SONO) Given Buy Rating at Rosenblatt Securities

Sonos (NASDAQ:SONO)‘s stock had its “buy” rating reaffirmed by stock analysts at Rosenblatt Securities in a research report issued on Thursday,Benzinga reports. They presently have a $21.00 price target on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 19.86% from the company’s current price.

A number of other equities analysts have also commented on the company. Weiss Ratings upgraded Sonos from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded Sonos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Zacks Research lowered Sonos from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sonos presently has an average rating of “Hold” and a consensus target price of $20.00.

Sonos Trading Up 4.3%

NASDAQ SONO opened at $17.52 on Thursday. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 103.06 and a beta of 1.96. The company has a 50 day moving average of $14.87 and a 200-day moving average of $14.76. Sonos has a 1-year low of $10.11 and a 1-year high of $19.82.

Institutional Trading of Sonos

Institutional investors and hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. grew its position in Sonos by 307.9% in the fourth quarter. Hantz Financial Services Inc. now owns 1,762 shares of the company’s stock valued at $31,000 after acquiring an additional 1,330 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Sonos by 699.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,055 shares of the company’s stock worth $36,000 after acquiring an additional 1,798 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Sonos in the fourth quarter worth about $50,000. Quarry LP lifted its holdings in shares of Sonos by 485.8% in the third quarter. Quarry LP now owns 3,251 shares of the company’s stock worth $51,000 after acquiring an additional 2,696 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Sonos in the 4th quarter valued at approximately $64,000. 85.82% of the stock is currently owned by institutional investors.

More Sonos News

Here are the key news stories impacting Sonos this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations. Sonos reported earnings of $0.27 per share, ahead of the $0.24 consensus estimate and up from $0.19 a year earlier. Revenue rose 8.8% year over year to approximately $375.3 million, exceeding the $365.7 million consensus. Sonos Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fourth-quarter revenue guidance topped forecasts. Sonos projected fiscal Q4 revenue of $325 million to $355 million, versus analyst expectations of about $305.1 million. The company also guided for fiscal 2026 revenue of $1.5 billion to $1.6 billion, broadly in line with the $1.5 billion consensus. Sonos Q3 2026 Earnings Call Transcript
• Positive Sentiment: Management highlighted growth opportunities in India. Sonos is treating India as a priority market as demand for premium home-theater products expands, potentially providing an additional avenue for international growth. Sonos India Expansion
• Neutral Sentiment: Sonos appointed investor Chris Shackelton to its board. The company said his experience in strategy, financial markets and capital allocation will support its next phase, although the appointment has no immediate financial impact. Sonos Appoints Chris Shackelton to Board

About Sonos

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.