3 hours Ago By ABMN Staff
SBI Securities Co. Ltd. bought a new position in shares of Sonos, Inc.
( NASDAQ:SONO – Free Report ) during the 4th quarter, HoldingsChannel reports. The firm bought 1,996 shares of the company’s stock, valued at approximately $30,000. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SONO.
Gladius Capital Management LP bought a new position in Sonos during the 3rd quarter worth about $30,000. Smartleaf Asset Management LLC lifted its position in shares of Sonos by 191.2% during the fourth quarter.
Smartleaf Asset Management LLC now owns 2,621 shares of the company’s stock valued at $39,000 after buying an additional 1,721 shares during the last quarter. KBC Group NV lifted its position in shares of Sonos by 52.5% during the third quarter.
KBC Group NV now owns 4,852 shares of the company’s stock valued at $60,000 after buying an additional 1,670 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Sonos by 50.1% during the fourth quarter.
GAMMA Investing LLC now owns 4,048 shares of the company’s stock valued at $61,000 after buying an additional 1,352 shares during the last quarter. Finally, Hohimer Wealth Management LLC purchased a new stake in shares of Sonos during the third quarter valued at about $148,000. 85.
82% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh In Separately, Rosenblatt Securities reissued a “buy” rating and set a $18.00 price target on shares of Sonos in a research report on Friday, February 7th.
Sonos Stock Performance SONO stock opened at $11.69 on Thursday. The firm has a market cap of $1.
39 billion, a price-to-earnings ratio of -20.51 and a beta of 1.98.
The firm has a 50-day simple moving average of $13.64 and a two-hundred day simple moving average of $13.29.
Sonos, Inc. has a one year low of $10.23 and a one year high of $19.
76. Sonos ( NASDAQ:SONO – Get Free Report ) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.
40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04.
Sonos had a negative net margin of 4.73% and a negative return on equity of 13.17%.
As a group, equities analysts predict that Sonos, Inc. will post -0.37 earnings per share for the current fiscal year.
Sonos declared that its Board of Directors has approved a stock buyback plan on Monday, February 24th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 10.
1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued. About Sonos ( Free Report ) Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
It offers wireless, portable, and home theater speakers; components; and accessories. The company 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. Featured Articles Want to see what other hedge funds are holding SONO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Sonos, Inc. ( NASDAQ:SONO – Free Report ). Receive News & Ratings for Sonos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonos and related companies with MarketBeat.
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