Proficio Capital Partners LLC Makes New Investment in Sleep Number Co. (NASDAQ:SNBR)

Proficio Capital Partners LLC acquired a new stake in shares of Sleep Number Co. (NASDAQ:SNBR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,979 shares of the company’s stock, valued at approximately $183,000. Proficio Capital Partners LLC owned 0.05% of Sleep Number as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Sleep Number by 28.8% during the 4th quarter. GAMMA Investing LLC now owns 7,443 shares of the company’s stock worth $113,000 after purchasing an additional 1,664 shares in the last quarter. Olympiad Research LP acquired a new stake in shares of Sleep Number during the fourth quarter worth approximately $221,000. PDT Partners LLC acquired a new stake in shares of Sleep Number during the third quarter worth approximately $241,000. Y Intercept Hong Kong Ltd bought a new position in shares of Sleep Number in the third quarter valued at approximately $296,000. Finally, FMR LLC boosted its holdings in shares of Sleep Number by 1,764.3% in the 3rd quarter. FMR LLC now owns 21,216 shares of the company’s stock worth $389,000 after acquiring an additional 20,078 shares in the last quarter. Institutional investors and hedge funds own 85.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wedbush dropped their price target on Sleep Number from $18.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Piper Sandler lowered their target price on Sleep Number from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Finally, StockNews.com raised Sleep Number from a “hold” rating to a “buy” rating in a report on Thursday, January 9th.

Sleep Number Price Performance

SNBR stock opened at $6.50 on Thursday. The stock has a market capitalization of $145.41 million, a PE ratio of -3.59 and a beta of 2.14. The company has a 50 day moving average price of $15.31 and a 200 day moving average price of $15.56. Sleep Number Co. has a fifty-two week low of $6.46 and a fifty-two week high of $20.75.

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.