Zacks Investment Research cut shares of Casper Sleep (NASDAQ:CSPR) from a hold rating to a sell rating in a research report report published on Friday, Zacks.com reports.

According to Zacks, “Casper Sleep Inc. manufactures home furnishing products principally in the United States, Canada and Europe. It offers Casper mattresses, pillows, sheets and duvets, bedroom furniture and accessories, sleep technology, and related services through its e-commerce platform, 60 Casper retail stores and 18 retail partners. Casper Sleep Inc. is based in New York. “

Several other equities analysts have also issued reports on the stock. Wedbush lifted their target price on shares of Casper Sleep from $3.50 to $7.00 and gave the company a neutral rating in a report on Wednesday, April 22nd. Jefferies Financial Group lifted their target price on shares of Casper Sleep from $8.00 to $9.00 and gave the company a buy rating in a report on Wednesday, May 13th. Citigroup lowered their target price on shares of Casper Sleep from $12.00 to $5.00 and set a buy rating for the company in a report on Wednesday, March 25th. Goldman Sachs Group assumed coverage on shares of Casper Sleep in a report on Monday, March 2nd. They issued a buy rating and a $16.00 price objective for the company. Finally, Guggenheim assumed coverage on shares of Casper Sleep in a report on Monday, March 2nd. They issued a buy rating and a $16.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $9.94.

Shares of CSPR opened at $8.82 on Friday. Casper Sleep has a one year low of $3.15 and a one year high of $15.85. The business has a 50-day moving average of $7.80.

Casper Sleep (NASDAQ:CSPR) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($1.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.82) by ($0.33). The business had revenue of $113.04 million for the quarter, compared to analyst estimates of $111.50 million.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nuveen Asset Management LLC bought a new stake in Casper Sleep in the 1st quarter worth approximately $47,000. Marathon Trading Investment Management LLC bought a new stake in Casper Sleep in the 1st quarter worth approximately $47,000. JPMorgan Chase & Co. bought a new stake in Casper Sleep in the 1st quarter worth approximately $55,000. UBS Group AG bought a new stake in Casper Sleep in the 1st quarter worth approximately $59,000. Finally, Wells Fargo & Company MN bought a new stake in Casper Sleep in the 1st quarter worth approximately $63,000.

Casper Sleep Company Profile

Casper Sleep Inc provides sleep products to consumers in the United States, Canada, and Europe. It offers a range of Casper mattresses, pillows, sheets and duvets, bedroom furniture and accessories, sleep technology, and related services through its e-commerce platform, 60 Casper retail stores, and 18 retail partners.

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Analyst Recommendations for Casper Sleep (NASDAQ:CSPR)

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