Sonos Inc (SONO) sees Coliseum Capital increase stake by $2.59 million

Coliseum Capital and related entities reported purchasing shares of Sonos Inc (NASDAQ:SONO), increasing their stake by $2.59 million. The purchases occurred between August 1st and August 5th, with prices ranging from $10.38 to $10.83 per share. The timing appears strategic, as InvestingPro analysis indicates the stock is currently undervalued, with management also conducting share buybacks. The company, now valued at $1.31 billion, maintains strong liquidity with a current ratio of 1.56.

On August 1, the entities acquired 80,000 shares at a weighted average price of $10.38, for a total value of $830,400. The price for these shares ranged from $10.25 to $10.45. On August 4, they purchased 2,683 shares at a weighted average price of $10.49, with prices ranging from $10.49 to $10.50, for a total value of $28,145. On August 5, they acquired 160,000 shares at a weighted average price of $10.83, with prices ranging from $10.74 to $10.89, for a total value of $1,732,800. Investors following this development should note that Sonos is scheduled to report earnings on August 6, 2025. For comprehensive valuation metrics and additional insights, check out the detailed Pro Research Report available on InvestingPro.

Following these transactions, Coliseum Capital and related entities now own 14,747,874 shares of Sonos Inc. Christopher S. Shackelton and Adam Gray are managers of Coliseum Capital Management, LLC, and disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Coliseum Capital Partners (WA:CPAP), L.P. directly owns 12,022,428 shares, and a separate account investment advisory client of CCM directly owns 2,725,446 shares.

In other recent news, Sonos Inc. reported its financial results for the second quarter of 2025, surpassing earnings expectations. The company posted an earnings per share (EPS) of -$0.18, which exceeded the forecasted -$0.36. Revenue for the quarter reached $260 million, slightly above the anticipated $253.52 million. In another development, Sonos appointed Tom Conrad as Chief Executive Officer, effective immediately, after serving as the interim CEO for six months. Conrad has been a member of the Sonos Board of Directors since 2017 and will continue in this role while leading the company. These recent developments highlight Sonos’s strategic moves in leadership and financial performance.

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