In the last trading session, 1.22 million Sleep Number Corp (NASDAQ:SNBR) shares changed hands as the company’s beta touched 2.11. With the company’s per share price at $7.35 changed hands at $1.14 or 18.36% during last session, the market valuation stood at $164.56M. SNBR’s last price was a discount, traded about -182.31% off its 52-week high of $20.75. The share price had its 52-week low at $6.00, which suggests the last value was 18.37% up since then. When we look at Sleep Number Corp’s average trading volume, we note the 10-day average is 1.46 million shares, with the 3-month average coming to 463.64K.
Analysts gave the Sleep Number Corp (SNBR) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended SNBR as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Sleep Number Corp’s EPS for the current quarter is expected to be -0.05.
Sleep Number Corp (NASDAQ:SNBR) trade information
Instantly SNBR was in green as seen at the end of in last trading. With action -2.91%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -51.77%, with the 5-day performance at -2.91% in the red. However, in the 30-day time frame, Sleep Number Corp (NASDAQ:SNBR) is -56.01% down. Looking at the short shares, we see there were 2.39 million shares sold at short interest cover period of 8.46 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11.5, meaning bulls need an upside of 36.09% from its current market value. According to analyst projections, SNBR’s forecast low is 11 with 12 as the target high. To hit the forecast high, the stock’s price needs a -63.27% plunge from its current level, while the stock would need to soar -49.66% for it to hit the projected low.
Sleep Number Corp (SNBR) estimates and forecasts
Year-over-year growth is forecast to reach -6.73% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 397.95M. 5 analysts are of the opinion that Sleep Number Corp’s revenue for the current quarter will be 377.53M. The company’s revenue for the corresponding quarters a year ago was 470.45M and 408.41M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -15.41%. The estimates for the next quarter sales put growth at -7.56%.
The 2025 estimates are for Sleep Number Corp earnings to increase by 55.99%.
SNBR Dividends
Sleep Number Corp is expected to release its next quarterly earnings report on 2025-Mar-04.
Sleep Number Corp (NASDAQ:SNBR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.29% of Sleep Number Corp shares while 89.57% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 96.61%. There are 89.57% institutions holding the Sleep Number Corp stock share, with STADIUM CAPITAL MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 8.164% of the shares, roughly 1.85 million SNBR shares worth $17.67 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.2041% or 1.62 million shares worth $15.52 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 666.15 shares estimated at $4.9 million under it, the former controlled 2.98% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.57% of the shares, roughly 574.73 shares worth around $4.22 million.
