Handelsbanken Fonder AB boosted its holdings in Sonos, Inc. (NASDAQ:SONO – Get Rating) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,000 shares of the company’s stock after acquiring an additional 4,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Sonos were worth $490,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. grew its stake in Sonos by 5.5% during the first quarter. Ameritas Investment Partners Inc. now owns 9,948 shares of the company’s stock worth $281,000 after buying an additional 519 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Sonos by 74.1% in the third quarter. Public Employees Retirement System of Ohio now owns 1,826 shares of the company’s stock worth $25,000 after purchasing an additional 777 shares during the period. Centaurus Financial Inc. raised its holdings in Sonos by 23.4% in the first quarter. Centaurus Financial Inc. now owns 4,481 shares of the company’s stock worth $126,000 after purchasing an additional 849 shares during the period. Bard Financial Services Inc. raised its holdings in Sonos by 8.4% in the fourth quarter. Bard Financial Services Inc. now owns 11,250 shares of the company’s stock worth $190,000 after purchasing an additional 875 shares during the period. Finally, Brinker Capital Investments LLC raised its holdings in shares of Sonos by 8.8% during the fourth quarter. Brinker Capital Investments LLC now owns 10,918 shares of the company’s stock worth $185,000 after acquiring an additional 884 shares during the period. Institutional investors own 85.64% of the company’s stock.
Insider Activity at Sonos
In other news, Director Thomas Conrad sold 12,792 shares of the stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $19.24, for a total value of $246,118.08. Following the sale, the director now directly owns 42,671 shares of the company’s stock, valued at $820,990.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Sonos news, Director Thomas Conrad sold 12,792 shares of Sonos stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $19.24, for a total transaction of $246,118.08. Following the transaction, the director now directly owns 42,671 shares of the company’s stock, valued at $820,990.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Edward P. Lazarus sold 13,220 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $20.70, for a total transaction of $273,654.00. Following the completion of the transaction, the chief financial officer now owns 176,290 shares in the company, valued at approximately $3,649,203. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,150 shares of company stock worth $1,511,771. 3.13% of the stock is owned by company insiders.
Sonos Price Performance
SONO opened at $21.61 on Friday. Sonos, Inc. has a fifty-two week low of $13.65 and a fifty-two week high of $24.56. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 166.24, a PEG ratio of 12.24 and a beta of 1.85. The company’s 50 day moving average price is $19.97 and its two-hundred day moving average price is $18.46.
Sonos (NASDAQ:SONO – Get Rating) last released its earnings results on Wednesday, February 8th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.24. Sonos had a net margin of 1.08% and a return on equity of 3.04%. The company had revenue of $672.58 million for the quarter, compared to the consensus estimate of $602.33 million. As a group, equities research analysts predict that Sonos, Inc. will post 0.3 EPS for the current year.
Analysts Set New Price Targets
Separately, Morgan Stanley lifted their price objective on shares of Sonos from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, February 9th.
Sonos, Inc engages in the provision of multi-room wireless smart home sound systems. It supports streaming services around the world, providing customers with access to music, Internet radio, podcasts and audiobooks, with control from Android smartphones, iPhone or iPad. The company was founded by Mai Trung, John MacFarlane, Craig A.
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