Sleep Number Corp (NASDAQ:SNBR) shares traded -5.49% lower at $16.35 on Wall Street last session.
SNBR stock price is now 3.80% away from the 50-day moving average and 15.37% away from the 200-day moving average. The market capitalization of the company currently stands at $365.77M.
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With the price target reduced from $62 to $49, Piper Sandler Downgraded its rating from Overweight to Neutral for Sleep Number Corp (NASDAQ: SNBR). On March 28, 2022, Wedbush Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $80 to quote $54, while ‘UBS’ rates the stock as ‘Neutral’
In other news, STADIUM CAPITAL MANAGEMENT LLC, 10% Owner bought 16,600 shares of the company’s stock on Nov 14 ’24. The stock was bought for $227,911 at an average price of $13.73. Upon completion of the transaction, the 10% Owner now directly owns 2,188,460 shares in the company, valued at $35.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, 10% Owner STADIUM CAPITAL MANAGEMENT LLC bought 15,000 shares of the business’s stock. A total of $181,851 was incurred on buying the stock at an average price of $12.12. This leaves the insider owning 2,215,000 shares of the company worth $36.22 million. A total of 6.23% of the company’s stock is owned by insiders.
During the past 12 months, Sleep Number Corp has had a low of $8.13 and a high of $20.75. The fifty day moving average price for SNBR is $15.7516 and a two-hundred day moving average price translates $14.1715 for the stock.
The latest earnings results from Sleep Number Corp (NASDAQ: SNBR) was released for 2024-09-28. The company reported revenue of $426.62 million for the quarter, compared to $472.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.74 percent. For the current quarter, analysts expect SNBR to generate $389.75M in revenue.
