Sonos Inc’s filing revealed that its 10% Owner Coliseum Capital Management, L acquired Company’s shares for reported $1.35 million on Apr 03 ’25. In the deal valued at $9.17 per share,147,157 shares were bought. As a result of this transaction, Coliseum Capital Management, L now holds 12,055,582 shares worth roughly $103.32 million.
Then, Coliseum Capital Management, L bought 62,506 shares, generating $523,800 in total proceeds. Upon buying the shares at $8.38, the 10% Owner now owns 12,118,088 shares.
Before that, Spence Patrick bought 250,000 shares. Sonos Inc shares valued at $3,455,260 were divested by the Former Officer & Director at a price of $13.82 per share.
Morgan Stanley downgraded its Sonos Inc [SONO] rating to an Underweight from a an Overweight in a research note published on September 26, 2024; the price target was decreased to $11 from $25. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. Morgan Stanley also remained covering SONO and has increased its forecast on December 12, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. BofA Securities revised its rating on November 07, 2023. It rated SONO as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SONO
On Monday, Sonos Inc [NASDAQ:SONO] saw its stock fall -0.29% to $8.57. Over the last five days, the stock has lost -19.68%. Sonos Inc shares have fallen nearly -43.02% since the year began. Nevertheless, the stocks have fallen -54.15% over the past one year. While a 52-week high of $18.68 was reached on 02/06/25, a 52-week low of $7.95 was recorded on 04/04/25. SMA at 50 days reached $12.39, while 200 days put it at $13.06.
Levels Of Support And Resistance For SONO Stock
The 24-hour chart illustrates a support level at 8.11, which if violated will result in even more drops to 7.65. On the upside, there is a resistance level at 8.95. A further resistance level may holdings at 9.33. The Relative Strength Index (RSI) on the 14-day chart is 18.51, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.04%. Stochastics %K at 10.38% indicates the stock is a buying.
How much short interest is there in Sonos Inc?
A steep rise in short interest was recorded in Sonos Inc stocks on 2025-03-14, dropping by -0.78 million shares to a total of 6.68 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 7.46 million shares. There was a decline of -11.73%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 20, 2023 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
