GAMMA Investing LLC Raises Stock Position in Sleep Number Co. (NASDAQ:SNBR)

GAMMA Investing LLC grew its holdings in shares of Sleep Number Co. (NASDAQ:SNBR) by 250.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,235 shares of the company’s stock after buying an additional 3,027 shares during the quarter. GAMMA Investing LLC’s holdings in Sleep Number were worth $68,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stadium Capital Management LLC raised its position in Sleep Number by 51.2% during the third quarter. Stadium Capital Management LLC now owns 2,002,227 shares of the company’s stock valued at $49,235,000 after purchasing an additional 678,001 shares during the period. Partnership Wealth Management LLC bought a new stake in Sleep Number in the fourth quarter worth $3,836,000. Jacobs Levy Equity Management Inc. boosted its stake in Sleep Number by 588.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 239,838 shares of the company’s stock worth $5,898,000 after buying an additional 205,015 shares during the period. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 184,038 shares during the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC raised its stake in shares of Sleep Number by 105.5% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 117,397 shares of the company’s stock valued at $1,741,000 after acquiring an additional 60,280 shares during the period. Institutional investors own 85.67% of the company’s stock.

Sleep Number Stock Performance

Shares of NASDAQ:SNBR opened at $10.56 on Monday. The firm has a market cap of $235.80 million, a PE ratio of -6.95 and a beta of 2.12. The firm’s 50 day simple moving average is $13.98 and its 200-day simple moving average is $13.72. Sleep Number Co. has a one year low of $9.00 and a one year high of $39.98.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on SNBR. Piper Sandler upped their price target on shares of Sleep Number from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. UBS Group increased their price target on Sleep Number from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, Wedbush restated a “neutral” rating and set a $13.50 price objective on shares of Sleep Number in a report on Thursday, April 25th.

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.