Sonos (SONO) to Release Quarterly Earnings on Wednesday

Sonos (NASDAQ:SONO) is set to post its quarterly earnings results after the market closes on Wednesday, November 13th. Analysts expect Sonos to post earnings of ($0.22) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Sonos Trading Up 3.6 %

Shares of NASDAQ SONO opened at $14.34 on Tuesday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -101.64 and a beta of 2.04. The business has a 50 day simple moving average of $12.37 and a 200-day simple moving average of $13.82. Sonos has a twelve month low of $10.23 and a twelve month high of $19.76.

Insider Activity at Sonos

In related news, insider Shamayne Braman sold 6,438 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $11.56, for a total value of $74,423.28. Following the completion of the sale, the insider now directly owns 26,588 shares in the company, valued at approximately $307,357.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley lowered Sonos from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $25.00 to $11.00 in a research report on Thursday, September 26th. Craig Hallum downgraded Sonos from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $25.00 to $10.00 in a research report on Thursday, August 8th.

Sonos Company Profile

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.