AlphaQuest LLC Acquires 20,805 Shares of Sleep Number Corporation $SNBR

AlphaQuest LLC grew its holdings in Sleep Number Corporation (NASDAQ:SNBR) by 94,568.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,827 shares of the company’s stock after purchasing an additional 20,805 shares during the period. AlphaQuest LLC owned approximately 0.09% of Sleep Number worth $141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. CWM LLC raised its holdings in Sleep Number by 218.7% during the 1st quarter. CWM LLC now owns 11,963 shares of the company’s stock valued at $76,000 after acquiring an additional 8,209 shares during the period. Alpha Wealth Funds LLC purchased a new position in shares of Sleep Number in the second quarter valued at $114,000. Strs Ohio bought a new stake in shares of Sleep Number during the 1st quarter valued at $130,000. Ieq Capital LLC purchased a new stake in Sleep Number during the 1st quarter worth about $142,000. Finally, Acadian Asset Management LLC lifted its holdings in Sleep Number by 1,009.4% during the 1st quarter. Acadian Asset Management LLC now owns 34,304 shares of the company’s stock worth $216,000 after purchasing an additional 31,212 shares in the last quarter. 85.67% of the stock is owned by institutional investors.

Sleep Number Trading Up 7.6%

Shares of NASDAQ SNBR opened at $5.50 on Wednesday. Sleep Number Corporation has a 12 month low of $4.48 and a 12 month high of $20.73. The firm has a market capitalization of $125.24 million, a price-to-earnings ratio of -3.02 and a beta of 1.74. The business has a 50-day moving average of $7.64 and a 200-day moving average of $8.13.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sleep Number in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sleep Number currently has a consensus rating of “Reduce” and an average price target 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.