Citigroup Boosts Casper Sleep (NASDAQ:CSPR) Price Target to $12.00

Casper Sleep (NASDAQ:CSPR) had its target price boosted by Citigroup from $8.00 to $12.00 in a report published on Wednesday, The Fly reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Wedbush boosted their target price on shares of Casper Sleep from $3.50 to $7.00 and gave the company a neutral rating in a report on Wednesday, April 22nd. Morgan Stanley boosted their target price on shares of Casper Sleep from $4.00 to $6.00 and gave the company an equal weight rating in a report on Wednesday, May 13th. UBS Group decreased their target price on shares of Casper Sleep from $10.00 to $7.50 and set a neutral rating on the stock in a report on Wednesday, May 13th. Jefferies Financial Group boosted their target price on shares of Casper Sleep from $8.00 to $9.00 and gave the company a buy rating in a report on Wednesday, May 13th. Finally, Zacks Investment Research upgraded shares of Casper Sleep from a hold rating to a buy rating and set a $8.50 target price on the stock in a report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Casper Sleep presently has a consensus rating of Buy and a consensus price target of $10.78.

CSPR opened at $9.23 on Wednesday. Casper Sleep has a twelve month low of $3.15 and a twelve month high of $15.85. The stock’s 50-day simple moving average is $8.38.

Casper Sleep (NASDAQ:CSPR) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($1.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.82) by ($0.33). The company had revenue of $113.04 million for the quarter, compared to analysts’ expectations of $111.50 million.

Several hedge funds have recently modified their holdings of the company. Nuveen Asset Management LLC acquired a new position in shares of Casper Sleep in the 1st quarter worth approximately $47,000. Marathon Trading Investment Management LLC purchased a new stake in Casper Sleep during the 1st quarter worth approximately $47,000. JPMorgan Chase & Co. purchased a new stake in Casper Sleep during the 1st quarter worth approximately $55,000. UBS Group AG purchased a new stake in Casper Sleep during the 1st quarter worth approximately $59,000. Finally, Wells Fargo & Company MN purchased a new stake in Casper Sleep during the 1st quarter worth approximately $63,000.

About Casper Sleep

Casper Sleep Inc provides sleep products to consumers in the United States, Canada, and Europe. It offers a range of Casper mattresses, pillows, sheets and duvets, bedroom furniture and accessories, sleep technology, and related services through its e-commerce platform, 60 Casper retail stores, and 18 retail partners.

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Analyst Recommendations for Casper Sleep (NASDAQ:CSPR)

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