Y Intercept Hong Kong Ltd Has $1.32 Million Stake in Sonos, Inc. $SONO

Y Intercept Hong Kong Ltd lowered its holdings in shares of Sonos, Inc. (NASDAQ:SONO) by 55.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,372 shares of the company’s stock after selling 101,777 shares during the period. Y Intercept Hong Kong Ltd owned about 0.07% of Sonos worth $1,317,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its holdings in shares of Sonos by 129.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 50,936 shares of the company’s stock worth $805,000 after acquiring an additional 28,778 shares during the period. Strs Ohio raised its position in Sonos by 15.6% in the third quarter. Strs Ohio now owns 31,100 shares of the company’s stock worth $491,000 after purchasing an additional 4,200 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Sonos by 9.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 44,489 shares of the company’s stock worth $781,000 after purchasing an additional 3,886 shares during the period. Amalgamated Bank boosted its holdings in Sonos by 4.0% during the third quarter. Amalgamated Bank now owns 35,359 shares of the company’s stock valued at $559,000 after purchasing an additional 1,347 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new stake in Sonos during the third quarter valued at approximately $663,000. Institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In other Sonos news, CEO Thomas Conrad bought 62,325 shares of the business’s stock in a transaction on Monday, November 17th. The shares were bought at an average cost of $16.17 per share, for a total transaction of $1,007,795.25. Following the transaction, the chief executive officer owned 305,103 shares in the company, valued at approximately $4,933,515.51. This trade represents a 25.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward P. Lazarus sold 12,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $19.00, for a total transaction of $228,000.00. Following the completion of the transaction, the insider owned 423,219 shares in the company, valued at $8,041,161. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.25% of the stock is currently owned by company insiders.

Sonos Stock Performance

Shares of NASDAQ:SONO opened at $14.35 on Friday. The business has a fifty day moving average of $17.34 and a 200-day moving average of $15.57. Sonos, Inc. has a twelve month low of $7.63 and a twelve month high of $19.82. The firm has a market cap of $1.73 billion, a PE ratio of -27.60 and a beta of 2.02.

Sonos (NASDAQ:SONO) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). Sonos had a negative return on equity of 11.66% and a negative net margin of 4.24%.The company had revenue of $287.90 million for the quarter, compared to the consensus estimate of $535.43 million. During the same period in the prior year, the company earned ($0.44) EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. On average, analysts anticipate that Sonos, Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on SONO. Wall Street Zen downgraded Sonos from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Morgan Stanley set a $17.00 price objective on Sonos and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Jefferies Financial Group upped their target price on shares of Sonos from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, January 5th. Rosenblatt Securities increased their target price on shares of Sonos from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Sonos in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sonos currently has an average rating of “Hold” and a consensus price target of $19.67.

Trending Headlines about Sonos

Here are the key news stories impacting Sonos this week:

• Positive Sentiment: Company-wide Super Bowl discounts (up to ~20%) and sitewide promotions should drive near-term sales and traffic, particularly for home-theater buyers preparing for the game. Sonos Is Kicking Off a 20% Off Sitewide Sale Ahead of the Big Football Game
• Positive Sentiment: Widespread markdowns on popular models (e.g., Beam Gen 2) lower the price barrier and can accelerate unit sales and market share gains among value-conscious buyers. Sonos Goes All-In on Soundbars for the Super Bowl as Beam Gen 2 With Dolby Atmos Quietly Crashes to Its Lowest Price
• Positive Sentiment: New product initiatives (Amp Multi and other refreshed amps) and the company signaling a return to product launches in 2026 support future revenue diversification beyond soundbars. Successful launches would improve long-term growth prospects. Sonos Amp Multi: The smart heart your home audio system has been missing
• Neutral Sentiment: User-focused how-to content and product tips can increase customer satisfaction and reduce returns but have limited direct impact on near-term revenue. Own a Sonos soundbar? I made 3 easy adjustments to instantly improve the audio quality
• Negative Sentiment: Heavy promotional pricing—including steep discounts on premium bundles like the Arc Ultra + Sub 4—risks compressing average selling prices and gross margins if sales mix shifts toward discounted units. Sonos’ Super Bowl sale knocks hundreds off its audio gear
• Negative Sentiment: New Amp hardware is positioned to be “hidden away” but depends heavily on a stable Sonos app; software or integration issues at rollout could hurt customer experience and increase support costs. Sonos’ new amp is meant to be hidden away — and it’ll rely on a stable app to work properly

About Sonos

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.