ArrowMark Colorado Holdings LLC Invests $1.50 Million in Sleep Number Corporation $SNBR

ArrowMark Colorado Holdings LLC bought a new stake in Sleep Number Corporation (NASDAQ:SNBR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 213,000 shares of the company’s stock, valued at approximately $1,495,000. ArrowMark Colorado Holdings LLC owned 0.93% of Sleep Number at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in Sleep Number by 20.1% during the 1st quarter. Royal Bank of Canada now owns 355,843 shares of the company’s stock worth $2,256,000 after purchasing an additional 59,510 shares during the period. AQR Capital Management LLC boosted 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 buying an additional 297,916 shares during the period. Acadian Asset Management LLC grew its position in shares of Sleep Number by 1,009.4% during the first quarter. Acadian Asset Management LLC now owns 34,304 shares of the company’s stock worth $216,000 after buying an additional 31,212 shares in the last quarter. Strs Ohio acquired a new position in shares of Sleep Number during the first quarter worth about $130,000. Finally, Geode Capital Management LLC increased its stake in shares of Sleep Number by 1.4% during the second quarter. Geode Capital Management LLC now owns 530,764 shares of the company’s stock worth $3,586,000 after buying an additional 7,570 shares during the period. 85.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SNBR has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sleep Number in a report on Friday, January 9th. Piper Sandler lowered their price target on shares of Sleep Number from $12.00 to $5.00 and set a “neutral” rating for the company in a report on Friday. Finally, UBS Group dropped their price objective on shares of Sleep Number from $10.00 to $4.00 and set a “neutral” rating on the stock in a research report on Friday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Sleep Number has an average rating of “Reduce” and a consensus price target of $4.50.

Sleep Number Stock Performance

NASDAQ:SNBR opened at $3.45 on Monday. Sleep Number Corporation has a 1 year low of $3.44 and a 1 year high of $13.94. The stock has a market cap of $78.87 million, a P/E ratio of -0.60 and a beta of 1.94. The stock has a 50-day simple moving average of $8.81 and a 200-day simple moving average of $7.67.

Sleep Number (NASDAQ:SNBR) last issued its earnings results on Thursday, March 12th. The company reported ($2.55) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($1.99). The firm had revenue of $347.39 million during the quarter, compared to analyst estimates of $328.67 million. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.21) earnings per share. On average, equities research analysts predict that Sleep Number Corporation will post -0.42 EPS for the current year.

Trending Headlines about Sleep Number

Here are the key news stories impacting Sleep Number this week:

• Positive Sentiment: Management announced a major product reset — five new beds aimed at delivering a more approachable luxury offering that could re‑ignite demand and improve price competitiveness. Product launch starts March 23; this is being framed as the largest portfolio refresh in nearly a decade. Sleep Number Redesigns Its Mattress Portfolio
• Positive Sentiment: Company reiterated a turnaround plan, calling for double‑digit second‑half sales growth and noting progress on cost reductions and margin recovery (pro‑forma adjusted EBITDA ~9% for FY25). This provides a timeline for improvement that could support recovery if execution meets guidances. Sleep Number outlines double-digit second-half sales growth
• Neutral Sentiment: Top line slightly beat estimates — Q4 revenue of $347M topped consensus (~$328M) despite being down ~7.8% year‑over‑year. A revenue beat eases some concern but the decline underscores continuing demand weakness. Sleep Number Announces Fourth-Quarter and Full-Year 2025 Results
• Neutral Sentiment: Analyst action: Piper Sandler cut its price target from $12 to $5 and assigned a “neutral” rating — a lower bar for expectations but still implies upside from current levels, adding mixed signals for sentiment. Benzinga
• Negative Sentiment: A large EPS miss: Sleep Number reported a substantial loss (reported as ($2.55)/share in company release and other outlets noting deepened per‑share losses versus expectations), missing consensus by a wide margin. The magnitude of the EPS miss increases near‑term uncertainty and likely drove selling pressure. Sleep Number Q4 Earnings Report
• Negative Sentiment: Stock is trading near its 52‑week low and saw elevated volume on the news, reflecting weak investor confidence until clearer signs of demand recovery and margin stabilization appear. Zacks: Q4 Loss, Tops Revenue Estimates

Sleep Number Profile

Sleep Number Corporation (NASDAQ: SNBR) is a Minneapolis‐based company specializing in the design, manufacture and retail of adjustable air mattresses and bedding products. The company’s flagship Sleep Number® bed features dual air chambers that allow each side of the mattress to be tailored to an individual’s preferred firmness, supported by integrated SleepIQ® technology. This proprietary monitoring system tracks biometric data such as heart rate, breathing and motion, delivering personalized sleep insights through a connected app.

Founded in 1987 as Select Comfort, the business pioneered adjustable air mattress technology and has since grown into a direct-to-consumer retailer.