Sonos Inc. (SONO) shares soar 10.18% after Coliseum Capital buys 62,506 shares

Sonos Inc. (SONO) shares surged by 10.18% today, marking a significant rebound after hitting its lowest level since April 2020 earlier in the day, with an intraday decline of 5.28%.

One of the most significant factors influencing Sonos' stock price recently is the acquisition of shares by Coliseum Capital Management. On April 7, 2025, Coliseum Capital Management acquired 62,506 shares of Sonos at an average cost of $8.38 per share. This purchase increased their position by 0.52%, bringing their total ownership to 12,118,088 shares. Additionally, Coliseum Capital Management had previously purchased 147,157 shares on April 3, 2025, at an average price of $9.17 per share. These transactions were disclosed in legal filings with the SEC, indicating a strategic investment in the company.

The recent share acquisitions by Coliseum Capital Management suggest a vote of confidence in Sonos' future prospects. This institutional investment can often signal to the market that the company is undervalued or has strong growth potential, which may have contributed to the recent surge in Sonos' stock price. Investors are likely paying close attention to these developments as they assess the company's long-term viability and potential for future growth.