13,220 Shares in Sonos, Inc. (NASDAQ:SONO) Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new stake in Sonos, Inc. (NASDAQ:SONO) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,220 shares of the company’s stock, valued at approximately $162,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of Sonos by 24.8% in the second quarter. Pacer Advisors Inc. now owns 3,519,368 shares of the company’s stock valued at $51,946,000 after purchasing an additional 699,975 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its position in Sonos by 67.9% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,655,942 shares of the company’s stock valued at $20,352,000 after buying an additional 669,658 shares during the last quarter. LMR Partners LLP acquired a new position in Sonos in the 3rd quarter valued at $7,412,000. Victory Capital Management Inc. raised its position in Sonos by 21.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,842,770 shares of the company’s stock worth $27,199,000 after buying an additional 331,293 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Sonos by 1,725.4% in the 2nd quarter. Renaissance Technologies LLC now owns 337,700 shares of the company’s stock worth $4,984,000 after acquiring an additional 319,200 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SONO shares. Craig Hallum lowered shares of Sonos from a “buy” rating to a “hold” rating and dropped their price target for the stock from $25.00 to $10.00 in a research note on Thursday, August 8th. Morgan Stanley lowered Sonos from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $25.00 to $11.00 in a report on Thursday, September 26th.

Sonos Stock Performance

Shares of NASDAQ SONO opened at $13.61 on Monday. Sonos, Inc. has a one year low of $10.23 and a one year high of $19.76. The firm has a market capitalization of $1.66 billion, a P/E ratio of -41.24 and a beta of 2.04. The company’s fifty day moving average is $12.86 and its two-hundred day moving average is $13.44.

Sonos (NASDAQ:SONO) last released its quarterly earnings data on Wednesday, November 13th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.22). Sonos had a negative return on equity of 4.97% and a negative net margin of 2.51%. The company had revenue of $255.38 million for the quarter, compared to analysts’ expectations of $247.92 million. During the same period in the prior year, the firm posted ($0.21) EPS. The firm’s quarterly revenue was down 16.3% on a year-over-year basis. On average, sell-side analysts forecast that Sonos, Inc. will post -0.3 earnings per share for the current fiscal year.

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.