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How to Buy Sleep Number Stock

Sleep Number Corp

Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States.

Sleep Number stock last closed at $37.56, down 9.67% from the previous day, and has decreased 46.33% in one year. It has underperformed other stocks in the Furnishings Fixtures & Appliances industry by 0.27 percentage points. Sleep Number stock is currently +59.12% from its 52-week low of $23.61, and -50.57% from its 52-week high of $75.98.

As of Feb 3, 2023, there are 22M SNBR shares outstanding. The market cap of SNBR is $826.36M. In the past 24 hours, 378,756 SNBR shares were traded.

How to Buy Sleep Number Stock

Wondering how to invest in Sleep Number stock? Here's how.
  1. Figure out where to buy Sleep Number stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Sleep Number stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your investment account: Pick your payment method and add your details.
  4. Evaluate Sleep Number stock: The Sleep Number ticker symbol is SNBR. Is Sleep Number stock a good investment? Should you buy shares of SNBR? How do SNBR's underlying business fundamentals look? Do top analysts think Sleep Number is a good buy? Why has SNBR's stock price moved recently? (Hint: Our stock market research tools can help you figure out if SNBR is a good stock to buy).
  5. Place your SNBR buy order: Decide if you will purchase SNBR shares at the current market price or use a limit order to buy SNBR shares at a particular price.
  6. Get the latest news on your SNBR investment: Create a watchlist to the latest updates on your position in Sleep Number shares.

Step 1: Figure out where to buy Sleep Number stock

You need a brokerage account in order to access the NASDAQ market and buy SNBR shares.

A brokerage account is an investment account that allows you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Based on our research, eToro is the best stock brokerage. eToro gives you:

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Step 2: Create your brokerage account

Now that you've picked the right brokerage, you'll need to fill out some personal details so you are able to buy SNBR today.

How to Create a New Account on eToro

  1. Click here to get started.
  2. Input your personal data to open a new brokerage account.
  1. Send your application by clicking the "Create Account" button.
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Step 3: Fund your investment account

Now that you've opened your account on one of the best stock apps, you can securely and quickly fund your account:

Check out the tutorial below if you need help transferring funds into your new investment account.

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Step 4: Evaluate Sleep Number stock

After you have decided on the best place to buy Sleep Number stock, it's absolutely critical to analyze their stock prior to buying, so you can comprehend the risk as well as the opportunity.

Sleep Number quick stats

SNBR Price
$37.56
1w %
14.58%
1y %
-46.33%
5y %
8.12%
P/E
15.39x
P/B
-1.89x
P/S
0.4x
PEG
0.51x
Revenue
$2.11B
Earnings
$53.18M
Fore. Rev. Growth
5.74%
Fore. Earn. Growth
30.07%
Market Cap
$826.36M
Next Earnings
Feb 22, 2023
Next Dividend
N/A

SNBR Fundamentals

WallStreetZen was designed to help everyday investors do more accurate fundamental analysis in less time.

You can see all of the due diligence checks on SNBR's stock page.

Is SNBR stock properly valued?

You can use many financial metrics, analyses, models, and charts to gauge SNBR's fair value.

Using relative valuations measures:

  • SNBR may be undervalued based on its P/E ratio of 15.39x, relative to Furnishings Fixtures & Appliances industry P/E ratio of 19.68x
  • SNBR may be undervalued based on its PEG ratio of 0.51x

You can access additional valuation analysis on SNBR's stock here.

SNBR Financial Health

Passed Health Checks:

  • SNBR earnings of $81.63M is not enough to cover its interest payments.

Failed Health Checks:

  • There are more short-term liabilities than short-term assets on the SNBR balance sheet.
  • SNBR profit margin has gone down from 9% to 2.5% in the past year.
  • Total SNBR debt is still negative.
  • SNBR's operating cash flow of $87.45M allows it to safely service it's debt of $833.91M.
  • There are more long-term liabilities than short-term assets on the SNBR balance sheet.
  • SNBR debt to equity ratio of -3.15 is negative.

Do Wall Street analysts think it's a good time to buy Sleep Number stock

Out of 5 sell side analysts who research SNBR, the consensus analyst rating on Sleep Number is a Hold

It's important to note that analyst ratings are not recommendations, nor are they investment advice.

Most Recent SNBR Analyst Upgrades/Downgrades

Peter Keith, a top 5% analyst from Piper Sandler maintains SNBR with a hold rating and raises their SNBR price target from $26.00 to $35.00, on Feb 2, 2023.

Atul Maheswari, a top 42% analyst from UBS maintains SNBR with a hold rating and lowers their SNBR price target from $40.00 to $38.00, on Jul 28, 2022.

Curtis Nagle, a top 9% analyst from Bank of America maintains SNBR with a sell rating and lowers their SNBR price target from $55.00 to $45.00, on Apr 18, 2022.

Seth Basham, a top 7% analyst from Wedbush downgrades SNBR to a hold rating and announces their SNBR price target of $54.00, on Mar 28, 2022.

Michael Lasser, a top 7% analyst from UBS maintains SNBR with a hold rating and lowers their SNBR price target from $80.00 to $65.00, on Feb 24, 2022.

You can dig deeper into what analysts are forecasting on the Sleep Number stock forecast page.

Metrics for Advanced SNBR Traders

SMA10
34.38
SMA20
33.23
SMA50
29.97
SMA100
31.93
SMA200
36.24
MACD
2.17
MACD Signal
1.52
MACD Histogram
0.65
RSI
64.02
Stochastic %K
88.54
Stochastic %D
92.25
StochRSI %K
78.9
StochRSI %D
79.13

How is SNBR performing as a company?

Last year, SNBR earnings were $53.18M. Over the last five year, SNBR's earnings have grown by 11.28% per year. This was faster than the Furnishings Fixtures & Appliances industry average of 1.98%.

Last year, SNBR revenue was $2.11B. During the past five year, SNBR's revenue has grown by 8.62% per year. This was faster than the Furnishings Fixtures & Appliances industry average of 6.95%.

You can analyze SNBR's earnings and revenue performance here.

Are SNBR executives and large shareholders buying or selling the stock?

Over the past year, executives and large shareholders at SNBR have sold more shares than they have bought.

Joel Joseph Laing, Treasurer CAO of SNBR, was the latest SNBR insider to sell. They sold $3,489.96 worth of SNBR shares on Dec 15, 2022.

Get more info about who owns SNBR stock here.

Can I rely on SNBR as an income stream?

No, Sleep Number doesn't provide an income stream by paying out dividends.

SNBR Social Trading Data

One of the reasons eToro is our highest-rated brokerage is because of its social trading community.

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Step 5: Place your SNBR buy order

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact price limit, use a limit order.

Hit the Open Trade button and eToro will execute your order.

If you want more help buying stocks on eToro, click the helpful video below:

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Step 6: Get the latest news on your SNBR investment

Now that you own some SNBR shares, you'll want to keep up with your new company.

Start a watchlist to track the most important metrics related to your SNBR stock.

SNBR Feed

How to Buy Stock in Sleep Number

To summarize, here are the 6 steps to buy stock in Sleep Number:

  1. Figure out where to buy Sleep Number stock
  2. Create your brokerage account
  3. Fund your investment account
  4. Evaluate Sleep Number stock
  5. Place your SNBR buy order
  6. Get the latest news on your SNBR investment

If you require a online brokerage, eToro is our recommended venue.

Get Started with eToro Today

If you want to keep track of your investment in Sleep Number, add SNBR to your watchlist by clicking the button below.

NASDAQ: SNBR
$37.56-4.02 (-9.67%)
Updated Feb 3, 2023
Open eToro Account
NASDAQ: SNBR
$37.56-4.02 (-9.67%)
Updated Feb 3, 2023
Open eToro Account

FAQ

How much does it cost to buy one Sleep Number share?

As of Feb 3, 2023, it costs $37.56 to buy one share of Sleep Number stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.266 shares of SNBR.

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Is now a good time to buy Sleep Number stock?

According to 5 Wall Street analysts who monitor Sleep Number, their consensus recommendation is to hold Sleep Number stock.

What is the best way to buy Sleep Number stock?

One way to place an order for Sleep Number stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.