Casper Sleep Inc., together with its subsidiaries, designs and sells sleep products to consumers in the United States, Canada, and Europe. It offers a range of mattresses, pillows, sheets, duvets, bedroom furniture, sleep accessories, sleep technology, and other sleep-centric products and services. As of December 31, 2020, the company distributed its products through its e-commerce platform, 67 Casper retail stores, and 20 retail partners. The company was formerly known as Providence Mattress Company and changed its name to Casper Sleep Inc. in January 2014. Casper Sleep Inc. was incorporated in 2013 and is headquartered in New York, New York.
IPO Year: 2020
Exchange: NYSE
Website: casper.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/16/2021 | Buy → Neutral | Guggenheim | |
| 11/16/2021 | $9.50 → $6.90 | Buy → Neutral | Citigroup |
| 11/10/2021 | $8.00 → $3.50 | Overweight → Neutral | Piper Sandler |
| 10/25/2021 | Outperform → Neutral | Wedbush | |
| 8/11/2021 | $14.00 → $12.00 | Buy | Roth Capital |
| 7/14/2021 | $7.00 | Sell | Goldman Sachs |
$6.90 Per Share Purchase Price Delivers Substantial 94% Premium Casper Sleep Inc. (NYSE:CSPR) ("Casper" or "the Company") announced today that it entered into a definitive agreement to be acquired by Durational Capital Management LP ("Durational"). Under the terms of the agreement, Casper common stockholders will receive cash consideration of $6.90 per share, representing a 94% premium to the closing share price on November 12, 2021, the last trading day prior to this announcement and a premium of approximately 80% to the 30-day volume weighted average price ending November 12, 2021. Transaction Details Casper's Board of Directors has unanimously approved the transaction and recommends t
Casper Sleep Inc. (NYSE:CSPR), the award-winning sleep company, announced today that it will release its third quarter 2021 financial results after the market closes on Monday, November 15, 2021. Following the release, the Company will host a live conference call and audio webcast at 5:00 p.m. ET on November 15, 2021 to review these results and other business updates. To access the conference call, interested parties may dial 866-319-1799 (for domestic callers) or 825-312-2362 (for international callers). Please call at least five minutes in advance of the start of the call to ensure that you are connected prior to the call. Interested parties may also access a live audio webcast of the ca
NEW YORK--(BUSINESS WIRE)--Casper Sleep Inc. (NYSE: CSPR), the award-winning sleep company, announced today that it will release its second quarter 2021 financial results before the market opens on Tuesday, August 10, 2021. Following the release, the Company will host a live conference call and audio webcast at 8:00 a.m. ET on August 10, 2021 to review these results and other business updates. To access the conference call, interested parties may dial 866-319-1799 (for domestic callers) or 825-312-2362 (for international callers). Please call at least five minutes in advance of the start of the call to ensure that you are connected prior to the call. Interested parties may also acc
Casper Sleep Inc. (NYSE:CSPR), the award-winning sleep company, announced today that it will release its second quarter 2021 financial results before the market opens on Tuesday, August 10, 2021. Following the release, the Company will host a live conference call and audio webcast at 8:00 a.m. ET on August 10, 2021 to review these results and other business updates. To access the conference call, interested parties may dial 866-319-1799 (for domestic callers) or 825-312-2362 (for international callers). Please call at least five minutes in advance of the start of the call to ensure that you are connected prior to the call. Interested parties may also access a live audio webcast of the call
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Emilie Arel Appointed Chief Executive Officer Casper Sleep Inc. ("Casper" or the "Company") (NYSE:CSPR) today announced financial results for the quarter ended September 30, 2021 (the "third quarter 2021"). The Company also announced that Emilie Arel, who serves as President and Chief Commercial Officer at Casper, has been appointed Chief Executive Officer, assuming the role from Casper Co-Founder, Philip Krim, effective November 15, 2021. Separately, the Company announced that it has entered into a definitive agreement to be acquired by Durational Capital Management LP ("Durational") for $6.90 per share in an all-cash transaction expected to close in the first quarter of 2022. Third Quar
$6.90 Per Share Purchase Price Delivers Substantial 94% Premium Casper Sleep Inc. (NYSE:CSPR) ("Casper" or "the Company") announced today that it entered into a definitive agreement to be acquired by Durational Capital Management LP ("Durational"). Under the terms of the agreement, Casper common stockholders will receive cash consideration of $6.90 per share, representing a 94% premium to the closing share price on November 12, 2021, the last trading day prior to this announcement and a premium of approximately 80% to the 30-day volume weighted average price ending November 12, 2021. Transaction Details Casper's Board of Directors has unanimously approved the transaction and recommends t
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Casper Sleep Inc. (NYSE:CSPR), the award-winning sleep company, announced today that it will release its third quarter 2021 financial results after the market closes on Monday, November 15, 2021. Following the release, the Company will host a live conference call and audio webcast at 5:00 p.m. ET on November 15, 2021 to review these results and other business updates. To access the conference call, interested parties may dial 866-319-1799 (for domestic callers) or 825-312-2362 (for international callers). Please call at least five minutes in advance of the start of the call to ensure that you are connected prior to the call. Interested parties may also access a live audio webcast of the ca
45% YoY Growth in North America, Including 79% YoY Growth in Retail Partnership Channel Casper Sleep Inc. ("Casper" or the "Company") (NYSE:CSPR) today announced financial results for the quarter ended June 30, 2021 (the "second quarter 2021" or "second quarter"). Second Quarter 2021 Financial Highlights (as compared to the quarter ended June 30, 2020) North America revenue increased 44.6% to an all-time quarterly record of $151.8 million; North America Direct-to-Consumer revenue, inclusive of Casper's 72 retail stores and e-commerce channel, increased 31.3% to $99.5 million; North America Retail Partnership revenue increased 78.9% to $52.2 million; Gross Profit increased $15.5
NEW YORK--(BUSINESS WIRE)--Casper Sleep Inc. (NYSE: CSPR), the award-winning sleep company, announced today that it will release its second quarter 2021 financial results before the market opens on Tuesday, August 10, 2021. Following the release, the Company will host a live conference call and audio webcast at 8:00 a.m. ET on August 10, 2021 to review these results and other business updates. To access the conference call, interested parties may dial 866-319-1799 (for domestic callers) or 825-312-2362 (for international callers). Please call at least five minutes in advance of the start of the call to ensure that you are connected prior to the call. Interested parties may also acc
Casper Sleep Inc. (NYSE:CSPR), the award-winning sleep company, announced today that it will release its second quarter 2021 financial results before the market opens on Tuesday, August 10, 2021. Following the release, the Company will host a live conference call and audio webcast at 8:00 a.m. ET on August 10, 2021 to review these results and other business updates. To access the conference call, interested parties may dial 866-319-1799 (for domestic callers) or 825-312-2362 (for international callers). Please call at least five minutes in advance of the start of the call to ensure that you are connected prior to the call. Interested parties may also access a live audio webcast of the call
Guggenheim downgraded Casper Sleep from Buy to Neutral
Citigroup downgraded Casper Sleep from Buy to Neutral and set a new price target of $6.90 from $9.50 previously
Piper Sandler downgraded Casper Sleep from Overweight to Neutral and set a new price target of $3.50 from $8.00 previously
Wedbush downgraded Casper Sleep from Outperform to Neutral
Roth Capital reiterated coverage of Casper Sleep with a rating of Buy and set a new price target of $12.00 from $14.00 previously
Goldman Sachs initiated coverage of Casper Sleep with a rating of Sell and set a new price target of $7.00
Roth Capital reiterated coverage of Casper Sleep with a rating of Buy and set a new price target of $14.00 from $13.00 previously
Wedbush upgraded Casper Sleep from Neutral to Outperform and set a new price target of $10.50 from $10.00 previously
Morgan Stanley reiterated coverage of Casper Sleep with a rating of Equal Weight and set a new price target of $9.00 from $7.00 previously
Roth Capital reiterated coverage of Casper Sleep with a rating of Buy and set a new price target of $13.00 from $10.50 previously
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