Coliseum Capital Management Increases Sonos Stake

Coliseum Capital Management, L, a major shareholder of Sonos, Inc., purchased 118,020 shares of Sonos stock on February 25th for $1,799,805.00, increasing its direct ownership to 16,921,842 shares. This is part of a series of purchases made by Coliseum Capital Management throughout February, totaling millions of dollars. Following these acquisitions and a positive quarterly earnings report where Sonos beat EPS and revenue estimates, Sonos's stock traded up 4.1% to $15.40. Several brokerages, including Morgan Stanley, Rosenblatt Securities, Zacks Investment Research, and Jefferies Financial Group===Jefferies Group, have issued positive ratings and price targets for Sonos. Additionally, institutional investors like The Vanguard Group, Cooper Creek Partners Management, Jacobs Levy Equity Management, Schroder Investment Management Group, and Arrowstreet Capital have increased their holdings in Sonos.