Jump Financial LLC Purchases New Shares in Sleep Number Co. (NASDAQ:SNBR)

Jump Financial LLC acquired a new position in Sleep Number Co. (NASDAQ:SNBR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,701 shares of the company’s stock, valued at approximately $307,000.

Other large investors have also recently made changes to their positions in the company. Stadium Capital Management LLC grew its position in Sleep Number by 51.2% in the third quarter. Stadium Capital Management LLC now owns 2,002,227 shares of the company’s stock worth $49,235,000 after acquiring an additional 678,001 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Sleep Number by 29.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 802,190 shares of the company’s stock valued at $11,896,000 after purchasing an additional 184,038 shares during the period. SW Investment Management LLC lifted its stake in shares of Sleep Number by 6.3% in the 3rd quarter. SW Investment Management LLC now owns 584,672 shares of the company’s stock valued at $14,377,000 after purchasing an additional 34,672 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Sleep Number by 588.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 239,838 shares of the company’s stock worth $5,898,000 after purchasing an additional 205,015 shares during the period. Finally, Schwarz Dygos Wheeler Investment Advisors LLC increased its position in shares of Sleep Number by 105.5% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 117,397 shares of the company’s stock valued at $1,741,000 after purchasing an additional 60,280 shares during the last quarter. 85.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SNBR has been the subject of a number of analyst reports. Wedbush restated a “neutral” rating and issued a $13.50 price target on shares of Sleep Number in a research report on Thursday, April 25th. Piper Sandler increased their target price on shares of Sleep Number from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, UBS Group lifted their price target on shares of Sleep Number from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th.

Sleep Number Stock Up 3.4 %

SNBR opened at $13.49 on Friday. The business has a fifty day moving average of $14.22 and a 200 day moving average of $13.33. The stock has a market cap of $301.23 million, a P/E ratio of -8.87 and a beta of 2.04. Sleep Number Co. has a 52-week low of $9.00 and a 52-week high of $39.98.

Sleep Number (NASDAQ:SNBR) last released its earnings results on Wednesday, April 24th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.44. The business had revenue of $470.45 million during the quarter, compared to the consensus estimate of $475.17 million. Sleep Number had a negative return on equity of 1.05% and a negative net margin of 1.87%. Equities analysts anticipate that Sleep Number Co. will post 0.09 EPS for the current fiscal year.

Sleep Number 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.