Sleep Number Co. (NASDAQ:SNBR) Shares Sold by Penserra Capital Management LLC

Posted by Defense World Staff on Feb 27th, 2023

Penserra Capital Management LLC reduced its stake in shares of Sleep Number Co. (NASDAQ:SNBR – Get Rating) by 13.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,898 shares of the company’s stock after selling 1,092 shares during the period. Penserra Capital Management LLC’s holdings in Sleep Number were worth $233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pictet Asset Management SA boosted its stake in shares of Sleep Number by 6.8% during the 3rd quarter. Pictet Asset Management SA now owns 428,957 shares of the company’s stock worth $14,503,000 after acquiring an additional 27,275 shares in the last quarter. Credit Suisse AG boosted its stake in shares of Sleep Number by 2.5% during the 3rd quarter. Credit Suisse AG now owns 22,104 shares of the company’s stock worth $747,000 after acquiring an additional 534 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Sleep Number during the 3rd quarter worth about $310,000. ExodusPoint Capital Management LP purchased a new stake in shares of Sleep Number during the 3rd quarter worth about $344,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Sleep Number by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 685,058 shares of the company’s stock worth $23,162,000 after acquiring an additional 5,341 shares in the last quarter.

Sleep Number Price Performance

SNBR opened at $39.13 on Monday. The company’s 50 day simple moving average is $31.72 and its two-hundred day simple moving average is $34.24. Sleep Number Co. has a 1-year low of $23.60 and a 1-year high of $69.24. The firm has a market capitalization of $860.86 million, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 1.38 and a beta of 1.91.

Sleep Number (NASDAQ:SNBR – Get Rating) last released its earnings results on Wednesday, February 22nd. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.03). Sleep Number had a negative return on equity of 8.19% and a net margin of 1.73%. The business had revenue of $497.53 million during the quarter, compared to analysts’ expectations of $495.75 million. During the same period last year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Sleep Number Co. will post 1.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SNBR shares. Wedbush raised their price target on shares of Sleep Number from $27.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group raised their price target on shares of Sleep Number from $31.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Piper Sandler raised their price target on shares of Sleep Number from $26.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.75.

About Sleep Number

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Sleep Number Corp. designs, manufactures, markets, and distributes beds, proprietary beds, and other sleep-related accessory products. It offers beds under the brand name Sleep Number. The company was founded by Robert Walker and JoAnn Walker in 1987 and is headquartered in Minneapolis, MN.