Bank of America buys 968,361 shares in Sonos stock

Published on 10/06/2026 at 04:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sonos revenue reached USD 375.26 million in the third quarter, up 8.80 percent year over year. Five brokerages rate Sonos stock Hold or Buy at USD 20.00.

SONO, US83570H1086, Illustration mit AI erstellt.

Sonos (ISIN US83570H1086) became the subject of a fresh ownership disclosure after Bank of America bought 968,361 shares during the second quarter, according to MarketBeat on September 26, 2026. The purchase adds an institutional ownership angle while Sonos prepares for its next reporting cycle.

Institutional ownership adds context

The disclosed purchase represented 968,361 Sonos shares and was valued at USD 13.1 million in the second quarter, according to MarketBeat. The same disclosure placed institutional and hedge fund ownership at 85.82 percent, making large-holder activity a material part of the shareholder structure.

MarketBeat also reported that five brokerages covered Sonos with three Hold ratings and two Buy ratings on September 25, 2026. The average 12-month target was USD 20.00, while Rosenblatt Securities maintained a Buy rating with a USD 21.00 target in a report dated July 30, 2026, according to MarketBeat.

Revenue rises in the third quarter

Sonos reported USD 375.26 million in revenue for the third quarter ended June 27, 2026, up 8.80 percent from the prior-year quarter. Adjusted earnings per share reached USD 0.27 versus a USD 0.04 consensus estimate, according to MarketBeat. Revenue also exceeded the USD 365.65 million estimate by USD 9.61 million, giving the quarter a quantified comparison beyond the headline ownership disclosure.

The company is pairing that operating performance with product and brand work. On September 14, 2026, Sonos Newsroom said the Love the Sound. Feel the System campaign introduced the Sonos Ace Ultra headphones and Beam Ultra soundbar as additions to its connected home audio system.

Stock remains below its yearly high

Sonos had a market capitalization of USD 2.1 billion as of October 5, 2026. The USD 17.94 Nasdaq last price stood within the USD 12.44 to USD 19.82 52-week range, placing it USD 1.88, or 9.49 percent, below the yearly high.

Prior close sets the euro reference

The Lang & Schwarz quote page listed a prior close of EUR 15.98 for October 2, 2026. On Nasdaq, Sonos was last at USD 17.94 on October 5, 2026 at 4:00 p.m. ET. Sonos operates in consumer electronics and sells connected home audio products through its Nasdaq listing.