Ameritas Investment Partners Inc. Decreases Stock Holdings in Sonos, Inc. (NASDAQ:SONO)

Ameritas Investment Partners Inc. trimmed its position in Sonos, Inc. (NASDAQ:SONO) by 6.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,358 shares of the company’s stock after selling 800 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Sonos were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in SONO. Raymond James Financial Services Advisors Inc. increased its stake in shares of Sonos by 111.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 27,877 shares of the company’s stock worth $478,000 after buying an additional 14,680 shares during the period. International Assets Investment Management LLC boosted its holdings in Sonos by 1,614.0% in the fourth quarter. International Assets Investment Management LLC now owns 15,597 shares of the company’s stock valued at $267,000 after acquiring an additional 14,687 shares in the last quarter. Cerity Partners LLC bought a new stake in Sonos in the fourth quarter valued at $239,000. Friedenthal Financial bought a new stake in Sonos in the fourth quarter valued at $733,000. Finally, NewEdge Wealth LLC bought a new stake in Sonos in the fourth quarter valued at $7,453,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sonos

In other news, insider Nicholas Millington sold 7,730 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $14.70, for a total transaction of $113,631.00. Following the sale, the insider now owns 371,614 shares in the company, valued at approximately $5,462,725.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Nicholas Millington sold 7,730 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $14.70, for a total transaction of $113,631.00. Following the sale, the insider now owns 371,614 shares in the company, valued at approximately $5,462,725.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Maxime Bouvat-Merlin sold 40,222 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $16.54, for a total transaction of $665,271.88. Following the sale, the insider now owns 24,650 shares in the company, valued at approximately $407,711. The disclosure for this sale can be found here. Insiders have sold a total of 99,762 shares of company stock worth $1,612,771 over the last quarter. Corporate insiders own 3.30% of the company’s stock.

Sonos Stock Down 4.7 %

NASDAQ:SONO opened at $13.42 on Thursday. The stock has a market cap of $1.65 billion, a P/E ratio of -38.34 and a beta of 1.98. The firm’s fifty day simple moving average is $15.16 and its 200 day simple moving average is $16.82. Sonos, Inc. has a twelve month low of $9.78 and a twelve month high of $19.76.

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

Sonos 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.