Sleep Number Co. (NASDAQ:SNBR) Shares Bought by NBC Securities Inc.

NBC Securities Inc. increased its stake in Sleep Number Co. (NASDAQ:SNBR - Free Report) by 5,000.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,000 shares of the company's stock after buying an additional 50,000 shares during the quarter. NBC Securities Inc. owned about 0.23% of Sleep Number worth $934,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP bought a new position in shares of Sleep Number during the second quarter valued at approximately $43,000. GAMMA Investing LLC grew its position in Sleep Number by 250.6% in the 1st 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 last quarter. XTX Topco Ltd purchased a new stake in Sleep Number in the second quarter worth $128,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Sleep Number during the first quarter valued at $149,000. Finally, Susquehanna Fundamental Investments LLC grew its holdings in shares of Sleep Number by 6.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 18,791 shares of the company's stock worth $180,000 after purchasing an additional 1,100 shares during the last quarter. 85.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on SNBR shares. StockNews.com cut shares of Sleep Number from a "buy" rating to a "hold" rating in a research report on Friday, August 9th. Piper Sandler lifted their price target on shares of Sleep Number from $12.00 to $16.00 and gave the company a "neutral" rating in a research note on Tuesday, September 17th.

Insider Transactions at Sleep Number

In other news, Director Stephen E. Macadam bought 43,000 shares of the stock in a transaction on Tuesday, August 6th. The stock was bought at an average cost of $12.35 per share, for a total transaction of $531,050.00. Following the completion of the purchase, the director now directly owns 102,729 shares in the company, valued at approximately $1,268,703.15. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.80% of the company's stock.

Sleep Number Stock Down 4.3 %

NASDAQ:SNBR traded down $0.72 during mid-day trading on Thursday, reaching $16.11. The company's stock had a trading volume of 472,821 shares, compared to its average volume of 514,017. Sleep Number Co. has a 1 year low of $8.13 and a 1 year high of $22.36. The stock has a fifty day moving average of $15.37 and a 200-day moving average of $13.59. The firm has a market capitalization of $359.67 million, a PE ratio of -10.45 and a beta of 2.06.

Sleep Number (NASDAQ:SNBR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.44) by $0.22. The company had revenue of $408.40 million during the quarter, compared to analysts' expectations of $415.05 million. The company's revenue was down 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. On average, analysts expect that Sleep Number Co. will post -0.13 earnings per share for the current year.

Sleep Number 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.