Envestnet Asset Management Inc. Has $1.58 Million Holdings in Sonos, Inc. $SONO

Envestnet Asset Management Inc. increased its stake in shares of Sonos, Inc. (NASDAQ:SONO) by 8.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 145,826 shares of the company’s stock after acquiring an additional 10,755 shares during the period. Envestnet Asset Management Inc. owned 0.12% of Sonos worth $1,576,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AlphaQuest LLC acquired a new position in Sonos during the first quarter valued at approximately $29,000. Nisa Investment Advisors LLC grew its stake in Sonos by 65.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,203 shares of the company’s stock valued at $35,000 after buying an additional 1,269 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Sonos by 222.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,714 shares of the company’s stock worth $40,000 after acquiring an additional 2,563 shares during the period. GAMMA Investing LLC lifted its position in Sonos by 96.3% during the 2nd quarter. GAMMA Investing LLC now owns 6,035 shares of the company’s stock worth $65,000 after acquiring an additional 2,961 shares during the last quarter. Finally, Headlands Technologies LLC lifted its position in Sonos by 38.8% during the 1st quarter. Headlands Technologies LLC now owns 7,760 shares of the company’s stock worth $83,000 after acquiring an additional 2,168 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on SONO shares. Wall Street Zen upgraded Sonos from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sonos in a report on Wednesday, October 8th. Rosenblatt Securities upped their price target on Sonos from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, Morgan Stanley set a $17.00 price objective on Sonos and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.00.

Insider Activity

In other Sonos news, CEO Thomas Conrad acquired 62,325 shares of Sonos stock in a transaction dated Monday, November 17th. The stock was bought at an average cost of $16.17 per share, with a total value of $1,007,795.25. Following the acquisition, the chief executive officer owned 305,103 shares of the company’s stock, valued at approximately $4,933,515.51. The trade was a 25.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Sonos Stock Down 0.7%

Shares of SONO opened at $16.17 on Thursday. The stock’s 50-day moving average price is $16.41 and its 200 day moving average price is $13.09. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -31.10 and a beta of 2.27. Sonos, Inc. has a 12-month low of $7.63 and a 12-month high of $18.06.

Sonos (NASDAQ:SONO) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.11). The firm had revenue of $287.90 million for the quarter, compared to analyst estimates of $535.43 million. Sonos had a negative return on equity of 11.66% and a negative net margin of 4.24%.Sonos’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.44) EPS. Sonos has set its Q1 2026 guidance at EPS. Equities research analysts expect that Sonos, Inc. will post -0.37 EPS for the current year.

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.