Sleep Number Announces Executive Resignation and Transition

Sleep Number ( (SNBR) ) has shared an update.

On May 23, 2025, Sleep Number Corporation announced that Joel Laing, Vice President, Treasurer, and Chief Accounting Officer, will resign effective June 5, 2025. His departure is amicable and not due to any disagreements with the company. Francis Lee, the Chief Financial Officer, will assume the role of principal accounting officer starting June 6, 2025.

The most recent analyst rating on (SNBR) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Sleep Number stock, see the SNBR Stock Forecast page.

Spark’s Take on SNBR Stock

According to Spark, TipRanks’ AI Analyst, SNBR is a Neutral.

Sleep Number’s overall stock score reflects significant financial challenges, including declining revenues and high leverage, which are major concerns. Technical indicators provide some short-term optimism, but valuation metrics and the company’s strategic direction indicate potential volatility. Strategic efforts to improve efficiency and leadership changes offer some hope, but significant uncertainties remain.

To see Spark’s full report on SNBR stock, click here.

More about Sleep Number

Sleep Number Corporation operates in the sleep and wellness industry, primarily offering innovative sleep solutions and products designed to improve sleep quality.

Average Trading Volume: 856,500

Technical Sentiment Signal: Sell

Current Market Cap: $228.9M

For a thorough assessment of SNBR stock, go to TipRanks’ Stock Analysis page.