Sonos, Inc. (NASDAQ:SONO) Stake Boosted by Quent Capital LLC

Quent Capital LLC grew its stake in shares of Sonos, Inc. (NASDAQ:SONO) by 400.0% in the 2nd quarter, Holdings Channel reports. The firm owned 25,000 shares of the company’s stock after acquiring an additional 20,000 shares during the quarter. Quent Capital LLC’s holdings in Sonos were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. ProShare Advisors LLC grew its holdings in shares of Sonos by 4.6% during the first quarter. ProShare Advisors LLC now owns 24,973 shares of the company’s stock valued at $476,000 after purchasing an additional 1,092 shares during the last quarter. Sei Investments Co. boosted its position in shares of Sonos by 0.4% during the first quarter. Sei Investments Co. now owns 315,913 shares of the company’s stock worth $6,021,000 after buying an additional 1,354 shares during the period. WNY Asset Management LLC boosted its position in shares of Sonos by 7.5% during the fourth quarter. WNY Asset Management LLC now owns 20,715 shares of the company’s stock worth $355,000 after buying an additional 1,450 shares during the period. Covestor Ltd boosted its position in shares of Sonos by 376.7% during the first quarter. Covestor Ltd now owns 1,988 shares of the company’s stock worth $38,000 after buying an additional 1,571 shares during the period. Finally, GAMMA Investing LLC acquired a new position in shares of Sonos during the fourth quarter worth approximately $35,000. 85.82% of the stock is owned by institutional investors.

Sonos Price Performance

Shares of NASDAQ SONO traded up $0.48 during midday trading on Tuesday, hitting $12.45. 2,471,439 shares of the company’s stock were exchanged, compared to its average volume of 1,800,827. The stock’s 50 day moving average price is $14.64 and its 200-day moving average price is $16.66. The firm has a market cap of $1.53 billion, a P/E ratio of -34.89 and a beta of 1.98. Sonos, Inc. has a twelve month low of $9.78 and a twelve month high of $19.76.

Sonos (NASDAQ:SONO) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.08). The business had revenue of $252.66 million for the quarter, compared to analyst estimates of $246.48 million. Sonos had a negative return on equity of 0.44% and a negative net margin of 2.82%. On average, analysts expect that Sonos, Inc. will post 0.23 EPS for the current fiscal year.

Insider Transactions at Sonos

In other Sonos news, insider Maxime Bouvat-Merlin sold 40,222 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $16.54, for a total value of $665,271.88. Following the completion of the sale, the insider now directly owns 24,650 shares in the company, valued at $407,711. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sonos news, insider Christopher Scott Mason sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was 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 directly owns 122,009 shares in the company, valued at $1,883,818.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Maxime Bouvat-Merlin sold 40,222 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $16.54, for a total value of $665,271.88. Following the completion of the sale, the insider now owns 24,650 shares of the company’s stock, valued at $407,711. The disclosure for this sale can be found here. Over the last three months, insiders sold 98,857 shares of company stock worth $1,597,178. Company insiders own 3.30% of the company’s stock.

Sonos Company Profile

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.