Sleep Number Stock Price, News & Analysis (NASDAQ:SNBR)

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sleep Number in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SNBR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SNBR, but not buy additional shares or sell existing shares.
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3 equities research analysts have issued 12 month target prices for Sleep Number's shares. Their SNBR share price targets range from $12.00 to $32.00. On average, they predict the company's share price to reach $22.33 in the next twelve months. This suggests a possible upside of 96.1% from the stock's current price.
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Sleep Number's stock was trading at $25.98 at the beginning of 2023. Since then, SNBR shares have decreased by 56.2% and is now trading at $11.39.
View the best growth stocks for 2023 here.

Sleep Number saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,370,000 shares, an increase of 32.7% from the October 31st total of 2,540,000 shares. Based on an average trading volume of 692,100 shares, the days-to-cover ratio is currently 4.9 days. Approximately 16.0% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
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Sleep Number Co. (NASDAQ:SNBR) released its quarterly earnings results on Tuesday, November, 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.27. The business had revenue of $472.65 million for the quarter, compared to the consensus estimate of $508.56 million. Sleep Number had a net margin of 0.23% and a negative trailing twelve-month return on equity of 1.05%. The company's revenue was down 12.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 earnings per share.

ETFs with the largest weight of Sleep Number (NASDAQ:SNBR) stock in their portfolio include Invesco Nasdaq Future Gen 200 ETF (QQQS), Hoya Capital Housing ETF (HOMZ) and Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).Inspire Small/Mid Cap ETF (ISMD).

383 employees have rated Sleep Number Chief Executive Officer Shelly Ibach on Glassdoor.com. Shelly Ibach has an approval rating of 75% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sleep Number investors own include AbbVie (ABBV), Intel (INTC), Micron Technology (MU), UnitedHealth Group (UNH), Alibaba Group (BABA), Netflix (NFLX), Advanced Micro Devices (AMD), Cisco Systems (CSCO), NVIDIA (NVDA) and Broadcom (AVGO).

Sleep Number's stock is owned by a variety of retail and institutional investors. Top institutional investors include Stadium Capital Management LLC (7.20%), Van Lanschot Kempen Investment Management N.V. (4.73%), Charles Schwab Investment Management Inc. (2.78%), SW Investment Management LLC (2.63%), Northern Trust Corp (1.11%) and Jacobs Levy Equity Management Inc. (1.08%). Insiders that own company stock include Brenda J Lauderback, Christopher D Krusmark, Daniel Alegre, Jean Michel Valette, Kathleen L Nedorostek, Kevin Kennedy Brown, Melissa Barra, Michael J Harrison, Samuel R Hellfeld and Shelly Radue Ibach.
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Shares of SNBR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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