Sleep Number (NASDAQ:SNBR) Price Target Lowered to $12.00 at Wedbush

Sleep Number (NASDAQ:SNBR - Free Report) had its price objective decreased by Wedbush from $18.00 to $12.00 in a report issued on Thursday morning,Benzinga reports. Wedbush currently has a neutral rating on the stock. Wedbush also issued estimates for Sleep Number's Q1 2025 earnings at $0.16 EPS and Q2 2025 earnings at ($0.02) EPS.

Separately, StockNews.com raised Sleep Number from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th.

Sleep Number Price Performance

NASDAQ SNBR traded up $0.08 during trading hours on Thursday, reaching $7.57. 1,935,111 shares of the stock traded hands, compared to its average volume of 425,357. The stock has a 50 day simple moving average of $15.81 and a two-hundred day simple moving average of $15.69. Sleep Number has a 1 year low of $6.91 and a 1 year high of $20.75. The company has a market cap of $169.35 million, a price-to-earnings ratio of -4.18 and a beta of 2.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Hodges Capital Management Inc. grew its stake in shares of Sleep Number by 22.7% during the fourth quarter. Hodges Capital Management Inc. now owns 1,240,507 shares of the company's stock valued at $18,905,000 after buying an additional 229,587 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sleep Number by 1,071.9% in the third quarter. JPMorgan Chase & Co. now owns 114,229 shares of the company's stock worth $2,093,000 after purchasing an additional 104,482 shares during the last quarter. Barclays PLC grew its stake in shares of Sleep Number by 276.5% in the third quarter. Barclays PLC now owns 28,280 shares of the company's stock worth $518,000 after purchasing an additional 20,769 shares during the last quarter. FMR LLC grew its stake in shares of Sleep Number by 1,764.3% in the third quarter. FMR LLC now owns 21,216 shares of the company's stock worth $389,000 after purchasing an additional 20,078 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Sleep Number by 3.6% in the third quarter. Geode Capital Management LLC now owns 518,045 shares of the company's stock worth $9,493,000 after purchasing an additional 18,182 shares during the last quarter. 85.67% of the stock is owned by institutional investors.

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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.