Sonos (NASDAQ:SONO) Director Sells 19,855 Shares

Sonos, Inc. (NASDAQ:SONO) Director Julius Genachowski sold 19,855 shares of Sonos stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $17.00, for a total value of $337,535.00. Following the sale, the director directly owned 53,775 shares of the company’s stock, valued at $914,175. This represents a 26.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sonos Stock Performance

Shares of SONO stock traded down $3.09 on Thursday, hitting $14.43. The company’s stock had a trading volume of 4,866,027 shares, compared to its average volume of 1,795,245. The stock’s 50 day moving average is $14.87 and its 200-day moving average is $14.76. Sonos, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $19.82. The company has a market capitalization of $1.72 billion, a PE ratio of 84.89 and a beta of 1.96.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SONO shares. Zacks Research lowered shares of Sonos from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen downgraded shares of Sonos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $21.00 price target on shares of Sonos in a research note on Thursday. Finally, Weiss Ratings raised Sonos from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sonos currently has an average rating of “Hold” and an average target price of $20.00.

Key Headlines Impacting Sonos

Here are the key news stories impacting Sonos this week:

• Positive Sentiment: Sonos reported fiscal Q3 adjusted earnings of $0.27 per share, above analyst estimates, while revenue reached $375.3 million, up 8.8% year over year and ahead of the approximately $365.7 million consensus. Broad-based speaker demand, international growth and cost controls supported margins and adjusted EBITDA. Sonos Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: Management guided fiscal Q4 revenue to $325 million-$355 million, above the roughly $305.1 million consensus estimate. Full-year fiscal 2026 revenue guidance is $1.5 billion-$1.6 billion. Sonos expects Q4 revenue of $325M-$355M amid memory-cost headwinds
• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and maintained a $21 price target, implying substantial upside from recent trading levels. Rosenblatt Securities rating
• Neutral Sentiment: Sonos appointed long-term investor Chris Shackelton to its board, adding strategy, capital-allocation and financial-markets experience as the company reshapes its leadership. Sonos Appoints Chris Shackelton to Board of Directors
• Negative Sentiment: Despite the earnings beat, Sonos warned that higher memory costs will pressure the business in Q4. That margin risk appears to be outweighing the stronger-than-expected sales outlook and is likely the main reason the stock has decreased.

Institutional Investors Weigh In On Sonos

Institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. increased its holdings in Sonos by 307.9% in the 4th quarter. Hantz Financial Services Inc. now owns 1,762 shares of the company’s stock valued at $31,000 after buying an additional 1,330 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Sonos by 699.6% during the 4th 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 during the period. Daiwa Securities Group Inc. acquired a new stake in shares of Sonos during the 4th quarter worth approximately $50,000. Quarry LP boosted its position in shares of Sonos by 485.8% during the 3rd quarter. Quarry LP now owns 3,251 shares of the company’s stock worth $51,000 after acquiring an additional 2,696 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in Sonos in the fourth quarter valued at approximately $64,000. Institutional investors own 85.82% of the company’s stock.

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.