Sonos, Inc. (NASDAQ:SONO) Stock Position Cut by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its stake in shares of Sonos, Inc. (NASDAQ:SONO) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,210 shares of the company’s stock after selling 1,380 shares during the quarter. Yousif Capital Management LLC’s holdings in Sonos were worth $695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SONO. Harbor Capital Advisors Inc. raised its position in Sonos by 3.3% during the third quarter. Harbor Capital Advisors Inc. now owns 39,381 shares of the company’s stock valued at $484,000 after acquiring an additional 1,267 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Sonos by 50.1% during the 4th quarter. GAMMA Investing LLC now owns 4,048 shares of the company’s stock worth $61,000 after purchasing an additional 1,352 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Sonos by 4.2% during the 4th quarter. SG Americas Securities LLC now owns 40,839 shares of the company’s stock valued at $614,000 after purchasing an additional 1,644 shares in the last quarter. KBC Group NV lifted its stake in shares of Sonos by 52.5% in the 3rd quarter. KBC Group NV now owns 4,852 shares of the company’s stock valued at $60,000 after purchasing an additional 1,670 shares during the last quarter. Finally, Gladius Capital Management LP bought a new stake in Sonos in the third quarter worth $30,000. 85.82% of the stock is owned by institutional investors and hedge funds.

Sonos Price Performance

Shares of NASDAQ:SONO opened at $13.33 on Friday. The business’s fifty day moving average price is $14.34 and its two-hundred day moving average price is $13.18. Sonos, Inc. has a fifty-two week low of $10.23 and a fifty-two week high of $19.76. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -23.39 and a beta of 1.97.

Sonos (NASDAQ:SONO) last announced its earnings results on Thursday, February 6th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Sonos had a negative return on equity of 13.22% and a negative net margin of 4.73%. Research analysts expect that Sonos, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Rosenblatt Securities reaffirmed a “buy” rating and issued a $18.00 price target on shares of Sonos in a research report on Friday, February 7th.

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.