37,657 Shares in Sonos, Inc. (NASDAQ:SONO) Purchased by Diversified Trust Co

Diversified Trust Co bought a new stake in Sonos, Inc. (NASDAQ:SONO) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 37,657 shares of the company’s stock, valued at approximately $718,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SONO. GAMMA Investing LLC bought a new position in Sonos in the fourth quarter valued at approximately $35,000. Centaurus Financial Inc. bought a new position in shares of Sonos in the 4th quarter valued at $112,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Sonos during the 4th quarter worth $175,000. Virtu Financial LLC acquired a new position in shares of Sonos during the 4th quarter worth $193,000. Finally, Cerity Partners LLC bought a new stake in shares of Sonos during the 4th quarter worth $239,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Sonos Price Performance

NASDAQ SONO opened at $14.26 on Wednesday. Sonos, Inc. has a twelve month low of $9.78 and a twelve month high of $19.76. The business’s fifty day moving average is $16.06 and its 200 day moving average is $17.11.

Sonos (NASDAQ:SONO) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.08). The firm had revenue of $252.66 million for the quarter, compared to analyst estimates of $246.48 million. Sonos had a negative net margin of 2.82% and a negative return on equity of 0.44%. Equities research analysts forecast that Sonos, Inc. will post 0.23 EPS for the current year.

Analyst Ratings Changes

Separately, Rosenblatt Securities reissued a “buy” rating and set a $24.00 target price on shares of Sonos in a research note on Monday, March 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Sonos presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Insider Buying and Selling

In other Sonos news, insider Nicholas Millington sold 7,730 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $14.70, for a total value of $113,631.00. Following the completion of the transaction, the insider now directly owns 371,614 shares in the company, valued at approximately $5,462,725.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Nicholas Millington sold 7,730 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $14.70, for a total value of $113,631.00. Following the sale, the insider now owns 371,614 shares of the company’s stock, valued at $5,462,725.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christopher Scott Mason sold 20,000 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $15.44, for a total value of $308,800.00. Following the completion of the sale, the insider now owns 122,009 shares of the company’s stock, valued at $1,883,818.96. The disclosure for this sale can be found here. Insiders have sold a total of 109,762 shares of company stock worth $1,824,436 in the last ninety days. Company insiders own 3.30% of the company’s stock.

About Sonos

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.