Sonos’ (SONO) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Sonos (NASDAQ:SONO) in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a $21.00 price objective on the stock.

Several other research analysts have also weighed in on the company. Wall Street Zen lowered Sonos from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research lowered Sonos from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Weiss Ratings raised Sonos from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.00.

Sonos Price Performance

Shares of NASDAQ SONO opened at $14.66 on Thursday. The company has a market capitalization of $1.73 billion, a P/E ratio of 32.58 and a beta of 1.96. The company has a 50 day simple moving average of $14.85 and a 200-day simple moving average of $14.75. Sonos has a 1 year low of $10.11 and a 1 year high of $19.82.

Insider Activity

In other news, Director Julius Genachowski sold 19,855 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $17.00, for a total value of $337,535.00. Following the transaction, the director directly owned 53,775 shares in the company, valued at approximately $914,175. This represents a 26.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.25% of the company’s stock.

Institutional Trading of Sonos

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SONO. Arrowstreet Capital Limited Partnership increased its stake in Sonos by 626.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,663,480 shares of the company’s stock worth $42,083,000 after purchasing an additional 2,296,996 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Sonos by 258.8% in the first quarter. Renaissance Technologies LLC now owns 1,706,501 shares of the company’s stock valued at $22,867,000 after purchasing an additional 1,230,900 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Sonos by 250.8% in the second quarter. Cubist Systematic Strategies LLC now owns 1,393,706 shares of the company’s stock valued at $15,066,000 after purchasing an additional 996,425 shares during the period. OP Asset Management Ltd acquired a new position in shares of Sonos in the first quarter valued at approximately $10,414,000. Finally, AQR Capital Management LLC grew its holdings in shares of Sonos by 1,472.4% in the second quarter. AQR Capital Management LLC now owns 804,583 shares of the company’s stock valued at $8,698,000 after purchasing an additional 753,414 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

More Sonos News

Here are the key news stories impacting Sonos this week:

• Positive Sentiment: Sonos reported fiscal Q3 adjusted earnings of $0.27 per share, above the $0.24 consensus estimate. Revenue increased 8.8% year over year to $375.3 million, exceeding expectations of $365.7 million, supported by broad-based speaker demand, international growth and cost controls. Sonos Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: Fourth-quarter revenue guidance of $325 million to $355 million was above analyst expectations of approximately $305 million. Sonos also reiterated full-year revenue guidance of $1.5 billion to $1.6 billion, while its buyback program provides additional potential support for the stock. Sonos Q4 Revenue Outlook
• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and $21 price target, implying substantial upside from recent trading levels. The target reflects confidence in Sonos’ longer-term growth prospects despite near-term cost concerns. Rosenblatt Rating Update
• Neutral Sentiment: Sonos is planning a September product event that could introduce new hardware or artificial-intelligence features. It may become a future catalyst, but the event has no immediate earnings impact. Sonos September Product Event
• Neutral Sentiment: Promotional pricing on the flagship Arc Ultra soundbar may support short-term product demand, although discounts can also limit average selling prices. Sonos Arc Ultra Deal
• Negative Sentiment: Despite the quarterly beat, Sonos shares reportedly fell sharply as investors reacted to rising memory costs. The expense pressure could reduce fourth-quarter margins and offset the favorable revenue guidance. Sonos Shares After Q3 Results
• Negative Sentiment: Director Julius Genachowski sold 19,855 shares for approximately $337,535 under a pre-arranged Rule 10b5-1 plan. Although scheduled in advance, the sale reduced his holdings by about 27% and may weigh modestly on sentiment.

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.