Sleep Number (SNBR) Expected to Announce Earnings on Wednesday

Sleep Number (NASDAQ:SNBR - Get Free Report) is expected to post its quarterly earnings results before the market opens on Wednesday, April 30th. Analysts expect Sleep Number to post earnings of ($0.11) per share and revenue of $397.95 million for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Sleep Number Price Performance

Shares of SNBR traded up $0.42 on Friday, reaching $5.28. 537,300 shares of the stock traded hands, compared to its average volume of 501,562. The stock's 50-day moving average price is $9.08 and its 200-day moving average price is $13.52. The firm has a market cap of $118.21 million, a price-to-earnings ratio of -2.92 and a beta of 2.07. Sleep Number has a 12 month low of $4.48 and a 12 month high of $20.75.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SNBR shares. Wedbush dropped their price objective on shares of Sleep Number from $18.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. StockNews.com upgraded shares of Sleep Number from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th. Finally, Piper Sandler dropped their target price on Sleep Number from $11.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, April 11th.

Insider Activity at Sleep Number

In other Sleep Number news, insider Gary T. Fazio purchased 12,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $7.54 per share, with a total value of $90,480.00. Following the acquisition, the insider now directly owns 71,125 shares of the company's stock, valued at approximately $536,282.50. This trade represents a 20.30 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 6.80% of the stock is currently owned by insiders.

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.