Sonos, Inc. $SONO Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC decreased its position in shares of Sonos, Inc. (NASDAQ:SONO) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 866,297 shares of the company’s stock after selling 91,336 shares during the quarter. Aristotle Capital Boston LLC owned 0.72% of Sonos worth $15,212,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Sonos by 10.2% during the 4th quarter. GAMMA Investing LLC now owns 6,832 shares of the company’s stock worth $120,000 after purchasing an additional 631 shares during the period. Centaurus Financial Inc. grew its stake in shares of Sonos by 6.6% during the 3rd quarter. Centaurus Financial Inc. now owns 11,056 shares of the company’s stock worth $175,000 after purchasing an additional 681 shares during the period. State of Wisconsin Investment Board grew its stake in shares of Sonos by 1.7% during the 4th quarter. State of Wisconsin Investment Board now owns 43,982 shares of the company’s stock worth $772,000 after purchasing an additional 724 shares during the period. Intech Investment Management LLC grew its stake in shares of Sonos by 0.7% during the 4th quarter. Intech Investment Management LLC now owns 117,718 shares of the company’s stock worth $2,067,000 after purchasing an additional 776 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in shares of Sonos by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 88,302 shares of the company’s stock worth $955,000 after purchasing an additional 833 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Sonos Price Performance

Shares of Sonos stock opened at $14.29 on Thursday. The business has a 50 day simple moving average of $14.81 and a two-hundred day simple moving average of $15.54. Sonos, Inc. has a 12 month low of $9.65 and a 12 month high of $19.82. The stock has a market capitalization of $1.70 billion, a P/E ratio of 84.06 and a beta of 1.93.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $21.00 price target on shares of Sonos in a research note on Monday. Zacks Research cut shares of Sonos from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings raised shares of Sonos from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen cut shares of Sonos from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sonos presently has an average rating of “Hold” and an average price target of $20.00.

Sonos Profile

Sonos, Inc is a consumer electronics company specializing in wireless home audio systems. The company’s core business revolves around designing, developing and manufacturing smart speakers and soundbars that deliver high-fidelity audio and seamless multi-room listening experiences. Sonos products connect via Wi-Fi or Bluetooth and integrate with popular streaming services, enabling users to control music and other audio content through a dedicated mobile app, voice assistants or traditional controls.

Sonos offers a diversified product lineup that includes compact speakers such as Sonos One and Sonos Roam, premium models like Sonos Five and Sonos Move, home theater solutions including Sonos Beam and Sonos Arc, as well as accessories such as the Sonos Sub and Sonos Amp.