Wealthfront Advisers LLC acquired a new stake in Sleep Number Co. (NASDAQ:SNBR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 975,156 shares of the company's stock, valued at approximately $14,861,000. Wealthfront Advisers LLC owned about 4.36% of Sleep Number at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of Sleep Number by 28.8% during the 4th quarter. GAMMA Investing LLC now owns 7,443 shares of the company's stock worth $113,000 after purchasing an additional 1,664 shares during the period. Proficio Capital Partners LLC purchased a new position in Sleep Number in the 4th quarter worth about $183,000. Olympiad Research LP purchased a new position in Sleep Number during the 4th quarter valued at about $221,000. PDT Partners LLC acquired a new stake in shares of Sleep Number during the 3rd quarter valued at about $241,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Sleep Number in the 3rd quarter worth approximately $296,000. 85.67% of the stock is currently owned by hedge funds and other institutional investors.
Sleep Number Price Performance
Shares of Sleep Number stock opened at $7.01 on Wednesday. Sleep Number Co. has a one year low of $6.83 and a one year high of $20.75. The firm has a market capitalization of $156.82 million, a price-to-earnings ratio of -3.87 and a beta of 2.14. The business has a 50-day simple moving average of $15.49 and a 200 day simple moving average of $15.62.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Wedbush lowered their price target on Sleep Number from $18.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Piper Sandler decreased their price objective on Sleep Number from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Finally, StockNews.com raised Sleep Number from a "hold" rating to a "buy" rating in a research report on Thursday, January 9th.
Read Our Latest Research Report on Sleep Number
About Sleep Number
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding SNBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sleep Number Co. (NASDAQ:SNBR - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Sleep Number, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sleep Number wasn't on the list.
While Sleep Number currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
