Sleep Number (NASDAQ:SNBR) Price Target Lowered to $11.00 at Piper Sandler

Sleep Number (NASDAQ:SNBR) had its price objective dropped by research analysts at Piper Sandler from $12.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price target would suggest a potential downside of 14.66% from the company’s previous close.

Other analysts have also issued research reports about the company. StockNews.com raised Sleep Number from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Wedbush decreased their price target on Sleep Number from $18.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday.

Sleep Number Trading Up 2.1 %

Shares of NASDAQ:SNBR opened at $12.89 on Thursday. Sleep Number has a 1-year low of $8.13 and a 1-year high of $20.75. The firm has a market capitalization of $288.36 million, a PE ratio of -7.12 and a beta of 2.14. The business’s 50 day moving average is $16.12 and its 200-day moving average is $15.79.

Institutional Trading of Sleep Number

Institutional investors have recently bought and sold shares of the stock. Summit Securities Group LLC bought a new position in Sleep Number in the 4th quarter valued at $33,000. GAMMA Investing LLC raised its position in shares of Sleep Number by 28.8% during the fourth quarter. GAMMA Investing LLC now owns 7,443 shares of the company’s stock worth $113,000 after acquiring an additional 1,664 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Sleep Number by 6,582.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,551 shares of the company’s stock worth $115,000 after acquiring an additional 7,438 shares during the last quarter. Diametric Capital LP bought a new stake in shares of Sleep Number during the fourth quarter worth $160,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Sleep Number during the fourth quarter worth $183,000. Institutional investors and hedge funds own 85.67% of the company’s stock.

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.