Sleep Number Co. (NASDAQ:SNBR) Shares Purchased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC boosted its holdings in Sleep Number Co. (NASDAQ:SNBR) by 3.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 187,469 shares of the company’s stock after acquiring an additional 7,080 shares during the period. Rice Hall James & Associates LLC owned about 0.84% of Sleep Number worth $3,434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Sleep Number in the 2nd quarter worth approximately $43,000. GAMMA Investing LLC increased its position in Sleep Number by 15.7% in the third quarter. GAMMA Investing LLC now owns 5,779 shares of the company’s stock worth $106,000 after buying an additional 784 shares during the period. XTX Topco Ltd bought a new stake in Sleep Number in the second quarter valued at $128,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Sleep Number during the first quarter valued at $149,000. Finally, Susquehanna Fundamental Investments LLC boosted its holdings in shares of Sleep Number by 6.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 18,791 shares of the company’s stock valued at $180,000 after acquiring an additional 1,100 shares during the period. 85.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sleep Number

In other news, Director Stephen E. Macadam acquired 43,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $12.35 per share, with a total value of $531,050.00. Following the purchase, the director now owns 102,729 shares of the company’s stock, valued at approximately $1,268,703.15. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SNBR shares. StockNews.com upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research report on Friday. Piper Sandler cut their price target on Sleep Number from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday.

Sleep Number Stock Down 7.2 %

SNBR stock opened at $12.71 on Friday. The company has a 50-day simple moving average of $15.65 and a 200 day simple moving average of $13.61. The company has a market capitalization of $284.13 million, a P/E ratio of -7.02 and a beta of 2.06. Sleep Number Co. has a fifty-two week low of $8.13 and a fifty-two week high of $20.75.

Sleep Number (NASDAQ:SNBR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.22. The company had revenue of $408.40 million during the quarter, compared to analyst estimates of $415.05 million. During the same period in the prior year, the company posted $0.03 earnings per share. The company’s revenue was down 11.0% on a year-over-year basis. Equities analysts anticipate that Sleep Number Co. will post -0.13 EPS for the current year.

About Sleep Number

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.