U.S. Capital Wealth Advisors LLC Purchases New Stake in Sonos, Inc. (NASDAQ:SONO)

U.S. Capital Wealth Advisors LLC acquired a new position in shares of Sonos, Inc. (NASDAQ:SONO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,200 shares of the company’s stock, valued at approximately $175,000.

Several other large investors also recently made changes to their positions in SONO. GAMMA Investing LLC acquired a new stake in Sonos in the fourth quarter valued at approximately $35,000. Ieq Capital LLC purchased a new stake in Sonos during the 3rd quarter worth $132,000. Orion Portfolio Solutions LLC lifted its holdings in Sonos by 16.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 12,389 shares of the company’s stock worth $160,000 after buying an additional 1,755 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Sonos in the 3rd quarter valued at about $176,000. Finally, Algert Global LLC acquired a new stake in shares of Sonos during the third quarter valued at about $186,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SONO shares. Morgan Stanley increased their price target on Sonos from $20.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Rosenblatt Securities restated a “buy” rating and issued a $24.00 price target on shares of Sonos in a research note on Monday, March 25th. Finally, TheStreet upgraded shares of Sonos from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Sonos Price Performance

Sonos stock opened at $16.84 on Thursday. Sonos, Inc. has a 12 month low of $9.78 and a 12 month high of $21.98. The company has a market cap of $2.09 billion, a PE ratio of -561.33 and a beta of 2.00. The company has a fifty day moving average price of $18.15 and a two-hundred day moving average price of $16.41.

Sonos (NASDAQ:SONO) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.22. Sonos had a positive return on equity of 5.65% and a negative net margin of 0.28%. The business had revenue of $612.87 million during the quarter, compared to analyst estimates of $588.96 million. Equities research analysts anticipate that Sonos, Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Sonos

In related news, insider Christopher Scott Mason sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $17.62, for a total value of $352,400.00. Following the completion of the sale, the insider now owns 119,179 shares in the company, valued at approximately $2,099,933.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 22,715 shares of company stock worth $402,845 in the last quarter. 3.30% of the stock is owned by company insiders.

About Sonos

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.