Sonos (NASDAQ:SONO) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

04 May 2026, 16:58 by Amy Steele · The Cerbat Gem

Sonos (NASDAQ:SONO – Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.10), Zacks reports. Sonos had a positive return on equity of 0.82% and a negative net margin of 1.22%.

Sonos Stock Performance

NASDAQ:SONO traded up $0.03 during trading hours on Monday, hitting $14.87. The company’s stock had a trading volume of 2,855,118 shares, compared to its average volume of 1,595,423. The business’s 50-day moving average is $14.06 and its two-hundred day moving average is $15.92. The company has a market capitalization of $1.80 billion, a PE ratio of -87.47 and a beta of 1.94. Sonos has a 52-week low of $8.73 and a 52-week high of $19.82.

Insider Transactions at Sonos

In other Sonos news, major shareholder Coliseum Capital Management, L acquired 494,719 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was purchased at an average price of $15.50 per share, for a total transaction of $7,668,144.50. Following the completion of the transaction, the insider owned 15,424,999 shares of the company’s stock, valued at $239,087,484.50. The trade was a 3.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 3,140,482 shares of company stock valued at $46,905,007 in the last three months. Corporate insiders own 1.25% of the company’s stock.

Institutional Trading of Sonos

Several large investors have recently bought and sold shares of SONO. AQR Capital Management LLC grew its holdings in Sonos by 22.4% in the first quarter. AQR Capital Management LLC now owns 51,169 shares of the company’s stock valued at $546,000 after purchasing an additional 9,355 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Sonos by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,984 shares of the company’s stock valued at $768,000 after purchasing an additional 3,483 shares during the last quarter. Intech Investment Management LLC grew its holdings in Sonos by 38.5% in the first quarter. Intech Investment Management LLC now owns 151,152 shares of the company’s stock valued at $1,613,000 after purchasing an additional 42,006 shares during the last quarter. Strs Ohio acquired a new stake in Sonos in the first quarter valued at $147,000. Finally, Norges Bank acquired a new stake in Sonos in the second quarter valued at $289,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Analysts Set New Price Targets

SONO has been the subject of several analyst reports. Rosenblatt Securities restated a “buy” rating and set a $21.00 price target on shares of Sonos in a research note on Monday, February 2nd. Zacks Research cut Sonos from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sonos in a research report on Tuesday, April 21st. Jefferies Financial Group increased their price objective on Sonos from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, January 5th. Finally, Wall Street Zen cut Sonos from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Two 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.00.

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Sonos Company Profile

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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.