Sleep Number Co. (NASDAQ:SNBR – Get Free Report) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 4,080,000 shares, an increase of 35.1% from the June 30th total of 3,020,000 shares. Based on an average daily trading volume, of 520,600 shares, the short-interest ratio is currently 7.8 days. Approximately 19.6% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
Several brokerages have commented on SNBR. UBS Group lifted their price target on Sleep Number from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Piper Sandler boosted their price target on Sleep Number from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $13.50 price target on shares of Sleep Number in a research note on Thursday, April 25th.
Check Out Our Latest Report on Sleep Number
Hedge Funds Weigh In On Sleep Number
Sleep Number Stock Performance
Sleep Number stock traded up $0.32 on Friday, reaching $10.73. The company’s stock had a trading volume of 341,101 shares, compared to its average volume of 643,120. The company has a market cap of $239.60 million, a price-to-earnings ratio of -7.06 and a beta of 2.05. The business’s fifty day moving average price is $11.69 and its 200 day moving average price is $12.78. Sleep Number has a twelve month low of $8.13 and a twelve month high of $39.65.
Sleep Number (NASDAQ:SNBR – Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.44. The firm had revenue of $470.45 million for the quarter, compared to analyst estimates of $475.17 million. As a group, equities analysts forecast that Sleep Number will post -0.02 earnings per share for the current year.
Sleep Number Company 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.
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