Sonos, Inc. (NASDAQ:SONO) Stock Holdings Raised by Radnor Capital Management LLC

Radnor Capital Management LLC raised its stake in Sonos, Inc. (NASDAQ:SONO) by 5.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 34,400 shares of the company’s stock after purchasing an additional 1,900 shares during the period. Radnor Capital Management LLC’s holdings in Sonos were worth $562,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Manhattan Co. acquired a new position in Sonos during the 1st quarter valued at about $36,000. Strs Ohio acquired a new stake in shares of Sonos in the 1st quarter worth approximately $35,000. Public Employees Retirement System of Ohio lifted its stake in shares of Sonos by 74.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,826 shares of the company’s stock worth $25,000 after acquiring an additional 777 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Sonos in the 1st quarter worth approximately $36,000. Finally, Pacific Center for Financial Services acquired a new stake in shares of Sonos in the 1st quarter worth approximately $39,000. Institutional investors own 84.26% of the company’s stock.

Insider Buying and Selling

In other news, insider Maxime Bouvat-Merlin sold 7,496 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $14.08, for a total value of $105,543.68. Following the completion of the transaction, the insider now owns 21,681 shares in the company, valued at approximately $305,268.48. The sale was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders sold 9,306 shares of company stock valued at $135,391. Company insiders own 3.13% of the company’s stock.

Sonos Stock Performance

SONO traded down $0.05 on Friday, reaching $13.11. 399,740 shares of the company traded hands, compared to its average volume of 1,949,863. The stock’s 50 day moving average price is $15.17 and its 200-day moving average price is $17.07. Sonos, Inc. has a 52-week low of $13.05 and a 52-week high of $21.98.

Sonos (NASDAQ:SONO) last posted its earnings results on Wednesday, August 9th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.17. The company had revenue of $373.36 million during the quarter, compared to the consensus estimate of $340.67 million. Sonos had a negative net margin of 2.59% and a negative return on equity of 2.77%. Research analysts expect that Sonos, Inc. will post 0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on SONO. DA Davidson boosted their target price on shares of Sonos from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Craig Hallum assumed coverage on shares of Sonos in a report on Friday, September 8th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Bank of America cut their price target on shares of Sonos from $23.70 to $20.00 in a report on Thursday, August 10th.

Sonos Profile

Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories. It 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 sonos.com.