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

A number of other institutional investors and hedge funds have also recently made changes to their positions in SNBR. Brightlight Capital Management LP raised its holdings in Sleep Number by 13.2% in the 1st quarter. Brightlight Capital Management LP now owns 1,111,700 shares of the company's stock valued at $7,048,000 after buying an additional 129,212 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Sleep Number by 42.1% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 628,667 shares of the company's stock valued at $3,986,000 after buying an additional 186,255 shares during the last quarter. AQR Capital Management LLC raised its holdings in Sleep Number by 283.3% in the 1st quarter. AQR Capital Management LLC now owns 403,061 shares of the company's stock valued at $2,555,000 after buying an additional 297,916 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in Sleep Number by 188.6% in the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 396,777 shares of the company's stock valued at $2,516,000 after buying an additional 259,314 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Sleep Number by 20.1% in the 1st quarter. Royal Bank of Canada now owns 355,843 shares of the company's stock valued at $2,256,000 after buying an additional 59,510 shares during the last quarter. Institutional investors own 85.67% of the company's stock.

Sleep Number Price Performance

NASDAQ SNBR traded down $0.58 during trading hours on Friday, reaching $8.28. The company's stock had a trading volume of 696,957 shares, compared to its average volume of 459,879. The firm has a fifty day simple moving average of $9.17 and a 200-day simple moving average of $8.05. The stock has a market cap of $188.54 million, a P/E ratio of -4.55 and a beta of 1.77. Sleep Number Corporation has a 52 week low of $4.48 and a 52 week high of $20.73.

Sleep Number (NASDAQ:SNBR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($1.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.97). The company had revenue of $327.93 million for the quarter, compared to analyst estimates of $357.42 million. Sleep Number's revenue was down 19.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.22) EPS. Sleep Number has set its FY 2025 guidance at EPS. On average, research analysts expect that Sleep Number Corporation will post -0.42 earnings per share for the current year.

About Sleep Number

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.