Sleep Number’s (SNBR) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (e+) rating on shares of Sleep Number (NASDAQ:SNBR) in a report released on Tuesday morning,Weiss Ratings reports.

Sleep Number Stock Performance

Shares of SNBR stock opened at $6.53 on Tuesday. The firm has a market cap of $148.69 million, a P/E ratio of -3.59 and a beta of 1.74. Sleep Number has a fifty-two week low of $4.48 and a fifty-two week high of $20.73. The business’s 50 day moving average price is $8.76 and its 200-day moving average price is $8.01.

Sleep Number (NASDAQ:SNBR) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($1.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.97). The firm had revenue of $327.93 million during the quarter, compared to analysts’ expectations of $357.42 million. The business’s revenue was down 19.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.22) EPS. Sleep Number has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Sleep Number will post -0.42 EPS for the current year.

Institutional Investors Weigh In On Sleep Number

Hedge funds have recently made changes to their positions in the company. Sei Investments Co. bought a new stake in shares of Sleep Number during the second quarter valued at approximately $73,000. CWM LLC boosted its position in shares of Sleep Number by 218.7% during the first quarter. CWM LLC now owns 11,963 shares of the company’s stock valued at $76,000 after purchasing an additional 8,209 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Sleep Number by 116.1% during the first quarter. GAMMA Investing LLC now owns 16,085 shares of the company’s stock valued at $102,000 after purchasing an additional 8,642 shares in the last quarter. Alpha Wealth Funds LLC bought a new stake in shares of Sleep Number during the second quarter valued at approximately $114,000. Finally, Corton Capital Inc. bought a new stake in shares of Sleep Number during the second quarter valued at approximately $114,000. 85.67% of the stock is currently 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.