Virtu Financial LLC bought a new stake in shares of Sonos, Inc. (NASDAQ:SONO – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 19,536 shares of the company’s stock, valued at approximately $383,000.
A number of other large investors also recently added to or reduced their stakes in SONO. Public Employees Retirement System of Ohio raised its position in shares of Sonos by 74.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,826 shares of the company’s stock valued at $25,000 after acquiring an additional 777 shares during the period. Strs Ohio acquired a new stake in shares of Sonos in the 1st quarter valued at approximately $35,000. Ameritas Advisory Services LLC acquired a new stake in shares of Sonos in the 1st quarter valued at approximately $36,000. First Manhattan Co. acquired a new stake in shares of Sonos in the 1st quarter valued at approximately $36,000. Finally, Eagle Bay Advisors LLC raised its position in shares of Sonos by 2,622.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,232 shares of the company’s stock valued at $38,000 after acquiring an additional 2,150 shares during the period. 85.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, DA Davidson cut their price target on shares of Sonos from $24.00 to $22.00 in a research report on Thursday, June 15th.
Insider Buying and Selling
Sonos Price Performance
NASDAQ SONO opened at $16.12 on Monday. The business has a 50 day simple moving average of $15.82 and a 200 day simple moving average of $18.22. Sonos, Inc. has a 52-week low of $13.65 and a 52-week high of $24.56.
Sonos (NASDAQ:SONO – Get Free Report) last posted its earnings results on Wednesday, May 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10). Sonos had a negative return on equity of 3.29% and a negative net margin of 1.21%. The business had revenue of $304.17 million for the quarter, compared to the consensus estimate of $293.82 million. Equities analysts expect that Sonos, Inc. will post 0.08 earnings per share for the current fiscal year.
Sonos Company 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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