Sleep Number (NASDAQ:SNBR) Given New $6.00 Price Target at UBS Group

Sleep Number (NASDAQ:SNBR) had its price target cut by UBS Group from $7.00 to $6.00 in a research report released on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Sleep Number in a report on Tuesday, October 14th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $8.00.

Sleep Number Trading Down 9.8%

Shares of NASDAQ:SNBR opened at $4.77 on Thursday. Sleep Number has a 12-month low of $3.97 and a 12-month high of $20.73. The business’s fifty day simple moving average is $7.42 and its 200-day simple moving average is $8.09. The company has a market capitalization of $108.62 million, a PE ratio of -2.62 and a beta of 1.85.

Sleep Number (NASDAQ:SNBR) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.08). The company had revenue of $342.88 million during the quarter, compared to analysts’ expectations of $362.48 million. During the same period in the prior year, the business earned ($0.07) EPS. Sleep Number’s revenue was down 19.6% compared to the same quarter last year. Sleep Number has set its FY 2025 guidance at EPS. Research analysts predict that Sleep Number will post -0.42 EPS for the current year.

Institutional Trading of Sleep Number

Several large investors have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Sleep Number in the third quarter worth $70,000. Sei Investments Co. acquired a new position in shares of Sleep Number in the 2nd quarter valued at $73,000. CWM LLC raised its stake in Sleep Number by 218.7% in the 1st quarter. CWM LLC now owns 11,963 shares of the company’s stock worth $76,000 after acquiring an additional 8,209 shares during the last quarter. Inscription Capital LLC purchased a new position in Sleep Number in the 3rd quarter worth $91,000. Finally, First Dallas Securities Inc. acquired a new stake in Sleep Number during the 3rd quarter worth about $91,000. Hedge funds and other institutional investors own 85.67% of the company’s stock.

About Sleep Number

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.