Sonos, Inc. $SONO Stake Boosted by Crestwood Capital Management L.P.

Crestwood Capital Management L.P. grew its position in Sonos, Inc. (NASDAQ:SONO) by 54.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 950,000 shares of the company’s stock after purchasing an additional 335,000 shares during the period. Sonos accounts for about 10.6% of Crestwood Capital Management L.P.’s portfolio, making the stock its 5th biggest position. Crestwood Capital Management L.P.’s holdings in Sonos were worth $16,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. grew its holdings in Sonos by 307.9% in the fourth quarter. Hantz Financial Services Inc. now owns 1,762 shares of the company’s stock worth $31,000 after purchasing an additional 1,330 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Sonos by 699.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,055 shares of the company’s stock worth $36,000 after purchasing an additional 1,798 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in Sonos in the fourth quarter worth $50,000. Quarry LP grew its holdings in Sonos by 485.8% in the third quarter. Quarry LP now owns 3,251 shares of the company’s stock worth $51,000 after purchasing an additional 2,696 shares during the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of Sonos during the fourth quarter valued at $93,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SONO shares. Rosenblatt Securities reissued a “buy” rating and set a $21.00 price objective on shares of Sonos in a report on Tuesday, May 5th. Zacks Research lowered shares of Sonos from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings raised shares of Sonos from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen lowered shares of Sonos from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.00.

Sonos News Roundup

Here are the key news stories impacting Sonos this week:

• Positive Sentiment: Multiple retailers are discounting Sonos products, including the Beam Gen 2, Arc Ultra, Era 100 SL, Move 2, and other soundbars/speakers. That suggests Sonos still has strong brand recognition and demand during sales periods, which could help unit sell-through. The Sonos Beam Gen 2 is over $100 off right now at Amazon ahead of Prime Day
• Positive Sentiment: Sonos’ premium audio lineup is still being promoted heavily by major retailers, including summer-sale markdowns on high-end products. This keeps the brand visible and may support near-term sales momentum. Sonos’ best soundbar drops from $1,099 to $899 in summer sale
• Neutral Sentiment: Sonos is still trading at a rich earnings multiple, and one valuation-focused article highlighted that the stock’s returns have been mixed relative to its premium pricing. That could limit upside if investors remain focused on fundamentals rather than product buzz. A Look At Sonos (SONO) Valuation As Mixed Returns Contrast With Rich Earnings Multiple
• Neutral Sentiment: New competing soundbars from WiiM are being positioned as cheaper alternatives that outperform Sonos Beam in some areas, while a smarter Siri/HomePod could also pressure Sonos in smart-home audio. These are competitive concerns, but they are more long-term than immediate. WiiM’s new soundbar adds a Samsung-beating front display – at a Sonos-busting asking price
• Negative Sentiment: Several articles framed Sonos products as being under pressure from aggressive competitors and deeper discounts, which may signal pricing pressure in the home audio market and weigh on investor sentiment. 3 ways a smarter Siri could make me rethink the HomePod over Sonos and Bose

Insider Transactions at Sonos

In other Sonos news, major shareholder Coliseum Capital Management, L bought 320,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average cost of $14.19 per share, for a total transaction of $4,540,800.00. Following the completion of the transaction, the insider directly owned 17,661,842 shares of the company’s stock, valued at approximately $250,621,537.98. This trade represents a 1.85% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 728,970 shares of company stock worth $10,169,815 in the last three months. Insiders own 1.25% of the company’s stock.

Sonos Price Performance

NASDAQ SONO opened at $15.08 on Monday. The company has a market capitalization of $1.80 billion, a PE ratio of 88.71 and a beta of 1.94. The company has a fifty day moving average of $14.54 and a 200 day moving average of $15.67. Sonos, Inc. has a 1 year low of $9.65 and a 1 year high of $19.82.

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.