Sleep Number Corporation $SNBR Shares Purchased by Inspire Investing LLC

Inspire Investing LLC boosted its holdings in Sleep Number Corporation (NASDAQ:SNBR) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,898 shares of the company’s stock after buying an additional 3,505 shares during the period. Inspire Investing LLC owned 0.26% of Sleep Number worth $391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SummerHaven Investment Management LLC lifted its stake in shares of Sleep Number by 3.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 88,881 shares of the company’s stock valued at $600,000 after purchasing an additional 2,600 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Sleep Number by 26.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 43,366 shares of the company’s stock valued at $293,000 after purchasing an additional 8,946 shares in the last quarter. Strs Ohio acquired a new position in shares of Sleep Number in the 1st quarter valued at about $130,000. Acadian Asset Management LLC lifted its stake in shares of Sleep Number by 1,009.4% in the 1st quarter. Acadian Asset Management LLC now owns 34,304 shares of the company’s stock valued at $216,000 after purchasing an additional 31,212 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Sleep Number by 283.3% in the 1st quarter. AQR Capital Management LLC now owns 403,061 shares of the company’s stock valued at $2,555,000 after purchasing an additional 297,916 shares in the last quarter. 85.67% of the stock is owned by institutional investors and hedge funds.

Sleep Number Stock Performance

Shares of NASDAQ:SNBR opened at $6.20 on Wednesday. The company has a market cap of $141.17 million, a P/E ratio of -3.41 and a beta of 1.74. Sleep Number Corporation has a one year low of $4.48 and a one year high of $20.73. The business’s 50-day simple moving average is $8.87 and its 200 day simple moving average is $8.02.

Sleep Number (NASDAQ:SNBR) last announced its earnings results on Wednesday, July 30th. The company reported ($1.09) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.97). The company had revenue of $327.93 million during the quarter, compared to analyst estimates of $357.42 million. The business’s revenue for the quarter was down 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.22) EPS. Sleep Number has set its FY 2025 guidance at EPS. Analysts predict that Sleep Number Corporation will post -0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sleep Number in a research note on Tuesday. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $8.33.

Sleep Number 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.