Inspire Investing LLC Boosts Stock Position in Sleep Number Corporation $SNBR

Key Points

• Inspire Investing LLC increased its stake in Sleep Number Corporation by 109.9% in Q1, owning 54,393 shares worth $345,000.
• Sleep Number Corporation's stock is currently down 4.9%, with a market cap of $203.12 million and a twelve-month price range between $4.48 and $20.75.
• The company reported a loss of ($1.09) earnings per share in its latest quarterly earnings, significantly missing expectations.

Inspire Investing LLC lifted its stake in Sleep Number Corporation (NASDAQ:SNBR - Free Report) by 109.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,393 shares of the company's stock after purchasing an additional 28,476 shares during the period. Inspire Investing LLC owned 0.24% of Sleep Number worth $345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Focus Financial Network Inc. purchased a new position in shares of Sleep Number in the 1st quarter worth about $67,000. CWM LLC raised its holdings in Sleep Number by 218.7% in the first quarter. CWM LLC now owns 11,963 shares of the company's stock worth $76,000 after buying an additional 8,209 shares during the last quarter. GAMMA Investing LLC raised its holdings in Sleep Number by 116.1% in the first quarter. GAMMA Investing LLC now owns 16,085 shares of the company's stock worth $102,000 after buying an additional 8,642 shares during the last quarter. Strs Ohio purchased a new position in Sleep Number in the first quarter worth about $130,000. Finally, Ieq Capital LLC purchased a new position in Sleep Number in the 1st quarter worth approximately $142,000. Hedge funds and other institutional investors own 85.67% of the company's stock.

Sleep Number Stock Down 4.9%

Shares of NASDAQ SNBR opened at $8.92 on Tuesday. Sleep Number Corporation has a twelve month low of $4.48 and a twelve month high of $20.75. The company has a 50 day moving average of $9.09 and a 200 day moving average of $8.10. The firm has a market cap of $203.12 million, a P/E ratio of -4.90 and a beta of 1.77.

Sleep Number (NASDAQ:SNBR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($1.09) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.97). The firm had revenue of $327.93 million for the quarter, compared to analysts' expectations of $357.42 million. The firm's revenue was down 19.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.22) earnings per share. Sleep Number has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Sleep Number Corporation will post -0.42 earnings per share for the current fiscal year.

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.

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