Sonos Inc (NASDAQ:SONO) reached a new 52-week low on Monday . The company traded as low as $15.19 and last traded at $15.20, with a volume of 2907631 shares trading hands. The stock had previously closed at $16.65.

A number of research firms have weighed in on SONO. Stifel Nicolaus began coverage on Sonos in a research report on Monday, August 27th. They set a “hold” rating and a $20.00 price target on the stock. Goldman Sachs Group began coverage on Sonos in a research report on Monday, August 27th. They set a “buy” rating and a $25.00 price target on the stock. Royal Bank of Canada began coverage on Sonos in a research report on Monday, August 27th. They set an “outperform” rating and a $25.00 price target on the stock. Raymond James began coverage on Sonos in a research report on Monday, August 27th. They set an “outperform” rating and a $24.00 price target on the stock. Finally, Jefferies Financial Group started coverage on Sonos in a research report on Monday, August 27th. They set a “hold” rating and a $23.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $22.83.

Sonos (NASDAQ:SONO) last announced its quarterly earnings data on Monday, September 10th. The healthcare company reported ($0.45) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.23). The firm had revenue of $208.40 million during the quarter, compared to analysts’ expectations of $207.94 million. The company’s revenue was down 6.6% compared to the same quarter last year. equities research analysts predict that Sonos Inc will post -0.26 earnings per share for the current fiscal year.

About Sonos (NASDAQ:SONO)

Sonos, Inc, through its subsidiaries, designs, develops, manufactures, and sells multi-room audio products primarily for use in private residences in the United States and internationally. It offers wireless speakers, home theater speakers, and components. The company offers its products through third-party retail stores and e-commerce retailers, as well as through its sonos.com Website.

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