Sleep Number (NASDAQ:SNBR) Price Target Increased to $13.00 by Analysts at UBS Group

Sleep Number (NASDAQ:SNBR) had its target price boosted by UBS Group from $12.00 to $13.00 in a research note issued to investors on Thursday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the company. Piper Sandler lifted their price target on Sleep Number from $12.00 to $13.00 and gave the company a neutral rating in a research report on Thursday. Wedbush reiterated a neutral rating and set a $13.50 price target on shares of Sleep Number in a research report on Thursday.

Sleep Number Trading Up 2.7 %

SNBR traded up $0.38 during trading hours on Thursday, hitting $14.61. The company’s stock had a trading volume of 257,539 shares, compared to its average volume of 586,821. Sleep Number has a fifty-two week low of $9.00 and a fifty-two week high of $39.98. The firm has a market capitalization of $326.24 million, a PE ratio of -9.36 and a beta of 1.96. The company has a 50-day simple moving average of $14.34 and a 200 day simple moving average of $13.91.

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

Institutional Investors Weigh In On Sleep Number

Large investors have recently modified their holdings of the stock. Hodges Capital Management Inc. grew its holdings in shares of Sleep Number by 4.7% during the first quarter. Hodges Capital Management Inc. now owns 171,900 shares of the company’s stock valued at $2,755,000 after buying an additional 7,700 shares in the last quarter. GAMMA Investing LLC grew 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 buying an additional 3,027 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Sleep Number during the first quarter valued at $434,000. Invenomic Capital Management LP purchased a new position in shares of Sleep Number during the fourth quarter valued at $221,000. Finally, CastleKnight Management LP purchased a new position in shares of Sleep Number during the fourth quarter valued at $365,000. 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.