Radnor Capital Management LLC cut its position in shares of Sonos, Inc. (NASDAQ:SONO) by 11.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 30,420 shares of the company’s stock after selling 3,880 shares during the period. Radnor Capital Management LLC’s holdings in Sonos were worth $712,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new position in Sonos in the second quarter valued at about $27,000. Creative Financial Designs Inc. ADV purchased a new position in Sonos in the third quarter valued at about $41,000. Private Advisor Group LLC purchased a new position in Sonos in the second quarter valued at about $56,000. Nisa Investment Advisors LLC boosted its holdings in Sonos by 254.2% in the third quarter. Nisa Investment Advisors LLC now owns 4,180 shares of the company’s stock valued at $63,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Sonos by 109.8% in the second quarter. Great West Life Assurance Co. Can now owns 6,173 shares of the company’s stock valued at $90,000 after purchasing an additional 3,230 shares during the last quarter. 66.47% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on SONO shares. ValuEngine downgraded Sonos from a “buy” rating to a “hold” rating in a report on Saturday, November 21st. DA Davidson upped their target price on shares of Sonos from $16.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, November 19th. Zacks Investment Research upgraded shares of Sonos from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Saturday. TheStreet upgraded shares of Sonos from a “d” rating to a “c-” rating in a research note on Thursday, November 19th. Finally, Morgan Stanley increased their price objective on shares of Sonos from $20.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, November 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $20.44.

NASDAQ:SONO traded down $0.30 during mid-day trading on Wednesday, hitting $26.09. The stock had a trading volume of 79,048 shares, compared to its average volume of 2,069,885. Sonos, Inc. has a twelve month low of $6.58 and a twelve month high of $26.51. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of -38.40, a PEG ratio of 1.89 and a beta of 1.56. The company’s 50 day simple moving average is $23.09 and its 200 day simple moving average is $17.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.55 and a current ratio of 1.89.

Sonos (NASDAQ:SONO) last issued its earnings results on Wednesday, November 18th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.13. Sonos had a negative net margin of 5.32% and a negative return on equity of 12.52%. The business had revenue of $339.84 million during the quarter, compared to the consensus estimate of $298.19 million. As a group, equities analysts forecast that Sonos, Inc. will post -0.05 earnings per share for the current year.

In other Sonos news, Director Julius Genachowski sold 15,000 shares of the stock in a transaction dated Monday, November 16th. The shares were sold at an average price of $17.00, for a total value of $255,000.00. Following the transaction, the director now directly owns 67,622 shares of the company’s stock, valued at approximately $1,149,574. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michelangelo Volpi sold 210,470 shares of the stock in a transaction dated Monday, November 23rd. The shares were sold at an average price of $21.52, for a total transaction of $4,529,314.40. The disclosure for this sale can be found here. Insiders sold a total of 698,375 shares of company stock valued at $15,269,657 over the last quarter. 11.20% of the stock is currently owned by company insiders.

Sonos Profile

Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories. It 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 sonos.com.

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Institutional Ownership by Quarter for Sonos (NASDAQ:SONO)

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