Insights Into Sonos Inc (SONO) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Sonos Reports First Quarter Fiscal 2024 Results.

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Stocks Info

Sonos Inc is listed on the NASDAQ in the Technology sector while operating in the Consumer Electronics industry. The current market capitalization of Sonos Inc is $2.26B. A total of 4.26 million shares were traded on the day, compared to an average of 2.43M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, SONO has seen 6 BUY and 8 SELL insider trades, representing the acquisition of 96,933 and the disposition of 79,162 shares. Over the last 12 months, there were 35 BUYs and 41 SELLs from insiders. Insiders purchased 789,434 shares during that period but sold 446,662.

In the most recent transaction, Conrad Thomas sold 5,337 shares of SONO for 18.31 per share on Feb 07. After the transaction, the Director now owns 37,334 company shares. In a previous transaction on Feb 05, Coles Joanna sold 905 shares at 15.82 per share. SONO shares that Director owns now total 14,818.

Among the insiders who sold shares, Coles Joanna disposed of 905 shares on Jan 03 at a per-share price of $16.30. This resulted in the Director holding 15,723 shares of SONO after the transaction. In another insider transaction, Coles Joanna sold 905 shares at $15.66 per share on Dec 04. Company shares held by the Director now total 16,628.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for SONO in the last 3 months, the mean price target is $22.27 with high estimates of $25.00 and low estimates of $18.60. In terms of 52-week highs and lows, SONO has a high of $21.98 and a low of $9.78.

As of this writing, SONO has an earnings estimate of $Sony Group Corporation per share for the current quarter. EPS was calculated based on a consensus of Sonos, Inc. estimates, with a high estimate of $Electrameccanica Vehicles Corp. per share and a lower estimate of $Williams-Sonoma, Inc.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. SONO’s latest balance sheet shows that the firm has $640.10M in Cash & Short Term Investments as of fiscal 2021. There were $44.68M in debt and $476.13M in liabilities at the time. Its Book Value Per Share was $4.67, while its Total Shareholder’s Equity was $569.04M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SONO is Buy with a score of 4.17.

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