Caesars Entertainment misses Q2 earnings expectations, shares edge lower
In a recent development for Sleep Number Corp (NASDAQ:SNBR), Gary T. Fazio has acquired 12,000 shares of the company’s common stock. The transaction, valued at approximately $90,480, was executed at a price of $7.54 per share on March 10, 2025. Following this purchase, Fazio holds a total of 71,125 shares directly. The purchase comes as Sleep Number trades near its 52-week low of $6.46, with the stock down about 58% over the past year. According to InvestingPro analysis, the company’s current market capitalization stands at $139 million.
This acquisition by Fazio, who may be considered part of a Section 13(d) group that includes Stadium Capital Management, LLC and other affiliates, is noteworthy for investors tracking insider activity. Despite this association, Fazio disclaims beneficial ownership of securities owned directly by other group members. InvestingPro data shows analysts have set price targets between $11-12 per share, suggesting potential upside from current levels. The stock currently appears undervalued based on InvestingPro’s Fair Value analysis.
The transaction was reported on March 13, 2025, coinciding with the day Fazio received his EDGAR filing codes. For deeper insights into Sleep Number’s valuation and 14 additional exclusive ProTips, visit InvestingPro.
In other recent news, Sleep Number Corporation reported its fourth-quarter 2024 earnings, revealing a slight earnings per share (EPS) beat but a significant revenue miss. The company’s EPS was -0.21, slightly better than the forecast of -0.22, while revenue fell short at $377 million compared to a forecast of $413.17 million. The company improved its adjusted EBITDA by 43% to $26 million, despite net sales declining 12% year-over-year. Sleep Number also announced a significant restructuring of its Board of Directors, with five current members retiring as part of an agreement with its largest shareholder, Stadium Capital Management, LLC. This move aims to create a more agile board to navigate challenging market conditions. Raymond (NSE:RYMD) James maintained its Market Perform rating on Sleep Number stock, noting that the company’s demand trends worsened in the fourth quarter, underperforming the industry. The company has decided not to issue guidance for 2025 due to an upcoming CEO transition, which adds uncertainty to its recovery trajectory. Sleep Number plans to focus on cost efficiency and margin improvement while exploring debt restructuring options.
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