Shares of Sonos Inc (NASDAQ:SONO) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $11.90 and last traded at $11.88, with a volume of 5195 shares changing hands. The stock had previously closed at $12.68.

SONO has been the topic of several recent analyst reports. Stifel Nicolaus initiated coverage on Sonos in a research report on Monday, August 27th. They set a “hold” rating and a $20.00 target price on the stock. Goldman Sachs Group initiated coverage on Sonos in a research report on Monday, August 27th. They set a “buy” rating and a $25.00 target price on the stock. Royal Bank of Canada initiated coverage on Sonos in a research report on Monday, August 27th. They set an “outperform” rating and a $25.00 target price on the stock. Raymond James initiated coverage on Sonos in a research report on Monday, August 27th. They set an “outperform” rating and a $24.00 target price on the stock. Finally, Jefferies Financial Group initiated coverage on Sonos in a research report on Monday, August 27th. They set a “hold” rating and a $23.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Sonos has a consensus rating of “Buy” and a consensus target price of $22.83.

The company has a debt-to-equity ratio of 1.90, a current ratio of 1.52 and a quick ratio of 0.95.

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

A hedge fund recently bought a new stake in Sonos stock. Seven Eight Capital LP bought a new stake in Sonos Inc (NASDAQ:SONO) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 119,676 shares of the healthcare company’s stock, valued at approximately $1,920,000. Seven Eight Capital LP owned approximately 0.12% of Sonos as of its most recent filing with the Securities & Exchange Commission.

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.

Further Reading: Stock Split

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