Insider Buying Update for Friday, December 5: SGI and TH
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Somnigroup International Insider Purchase: Director Simon Dyer purchased 32,000 shares of SGI at $93.40 each, totaling $2.99 million, marking his first buy in a year. Shares are currently trading lower at $90.93, 2.6% below his purchase price.
Target Hospitality Insider Purchase: Stephen Robertson bought 125,000 shares of Target Hospitality for $7.94 each, amounting to $992,500. This follows a previous purchase in the last year at $6.85 per share, with the stock up 5.7% on Friday.
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Analyst Views on SGI
Wall Street analysts forecast SGI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SGI is 98.60 USD with a low forecast of 86.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 89.750
Low
86.00
Averages
98.60
High
110.00
Current: 89.750
Low
86.00
Averages
98.60
High
110.00
About SGI
Somnigroup International Inc. is a bedding company. The Company is engaged in the business of designing, manufacturing, distributing and retailing. Its portfolio of product brands includes various brands, including Tempur-Pedic, Sealy and Stearns & Foster. Its portfolio of retail brands includes Mattress Firm Dreams, Tempur-Pedic retail stores, SOVA and a variety of other retail brands internationally, which operate in various countries. The Company operates in three segments: Tempur Sealy North America, Tempur Sealy International and Mattress Firm. It distributes through two channels in each operating business segment: Wholesale and Direct. Its Wholesale channel consists of third-party retailers, including third-party distribution, hospitality and healthcare. Its Direct channel includes Company-owned stores, online and call centers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Somnigroup (SGI) Proposes All-Stock Acquisition of Leggett & Platt (LEG) at $12 per Share, 30% Premium
- Acquisition Proposal: Somnigroup has proposed an all-stock acquisition of Leggett & Platt at $12 per share, which represents a 30% premium over the unaffected 30-day average price, providing Leggett shareholders with fair value and an opportunity to participate in the future growth of the combined entity.
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