Sleep Number (NASDAQ:SNBR) Given New $13.00 Price Target at Piper Sandler

Sleep Number (NASDAQ:SNBR) had its price objective increased by Piper Sandler from $12.00 to $13.00 in a research note published on Thursday, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Separately, Wedbush reaffirmed a neutral rating and issued a $13.50 target price on shares of Sleep Number in a research report on Wednesday, April 17th.

Sleep Number Trading Down 0.4 %

Shares of Sleep Number stock opened at $14.18 on Thursday. The company has a market cap of $316.64 million, a price-to-earnings ratio of -9.33 and a beta of 1.96. Sleep Number has a 1 year low of $9.00 and a 1 year high of $39.98. The company’s fifty day simple moving average is $14.40 and its 200-day simple moving average is $13.86.

Sleep Number (NASDAQ:SNBR) last issued its earnings results on Wednesday, April 24th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.41) by $0.44. The firm had revenue of $470.45 million during the quarter, compared to analysts’ expectations of $475.17 million. Sleep Number had a negative return on equity of 1.05% and a negative net margin of 1.87%. As a group, research analysts forecast that Sleep Number will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quest Partners LLC bought a new position in shares of Sleep Number during the fourth quarter valued at $62,000. GAMMA Investing LLC lifted its holdings in shares of Sleep Number by 250.6% during the first quarter. GAMMA Investing LLC now owns 4,235 shares of the company’s stock valued at $68,000 after acquiring an additional 3,027 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sleep Number by 27.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,224 shares of the company’s stock valued at $77,000 after acquiring an additional 1,114 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Sleep Number by 345.5% during the third quarter. Public Employees Retirement System of Ohio now owns 7,124 shares of the company’s stock valued at $175,000 after acquiring an additional 5,525 shares during the period. Finally, Invenomic Capital Management LP bought a new position in shares of Sleep Number during the fourth quarter valued at $221,000. 85.67% of the stock is owned by institutional investors.

Sleep Number Company Profile

Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides smart adjustable bases under the FlextFit brand, and smart beds under the Climate 360 name.