Sleep Number Corp (NASDAQ:SNBR) Drops -3.24%, But A Strong Recovery May Be Imminent

In last trading session, Sleep Number Corp (NASDAQ:SNBR) saw 0.53 million shares changing hands with its beta currently measuring 2.12. Company’s recent per share price level of $14.49 trading at -$0.49 or -3.24% at ring of the bell on the day assigns it a market valuation of $324.16M. That closing price of SNBR’s stock is at a discount of -43.2% from its 52-week high price of $20.75 and is indicating a premium of 43.89% from its 52-week low price of $8.13.

For Sleep Number Corp (SNBR), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.23 in the current quarter.

Sleep Number Corp (NASDAQ:SNBR) trade information

Upright in the red during last session for losing -3.24%, in the last five days SNBR remained trading in the red while hitting it’s week-highest on Friday, 02/14/25 when the stock touched $14.49 price level, adding 22.39% to its value on the day. Sleep Number Corp’s shares saw a change of -4.92% in year-to-date performance and have moved -17.29% in past 5-day. Sleep Number Corp (NASDAQ:SNBR) showed a performance of -20.56% in past 30-days.

Wall Street analysts have assigned a consensus price target of 12 to the stock, which implies a fall of -20.75% to its current value. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 12. It follows that stock’s current price would jump 17.18% in reaching the projected high whereas dropping to the targeted low would mean a gain of 17.18% for stock’s current value.

Sleep Number Corp (SNBR) estimates and forecasts

This year revenue growth is estimated to fall -10.19% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 389.75M for the same. And 4 analysts are in estimates of company making revenue of 461.27M in the next quarter. Company posted 429.52M and 470.45M of sales in current and next quarters respectively a year earlier.

Sleep Number Corp (NASDAQ:SNBR)’s Major holders

STADIUM CAPITAL MANAGEMENT LLC is the top institutional holder at SNBR for having 1.85 million shares of worth $17.67 million. And as of 2024-06-30, it was holding 8.164 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 1.62 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.2041 of outstanding shares, having a total worth of $15.52 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 666.15 shares of worth $9.65 million or 2.98% of the total outstanding shares. The later fund manager was in possession of 614.52 shares on Nov 30, 2024 , making its stake of worth around $8.9 million in the company or a holder of 2.75% of company’s stock.