Goldman resumed coverage on Somnigroup International with a new price target
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Goldman resumed coverage of Somnigroup International with a rating of Neutral and set a new price target of $57.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/19/2025 | $57.00 | Neutral | Goldman |
| 2/21/2025 | Hold | Jefferies |
8-K - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Filer)
8-K - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Filer)
SD - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Filer)
DALLAS, June 24, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced that, upon the recommendation of the Human Resources/Capital and Talent Committee, the independent members of the Board of Directors have extended the term of Scott Thompson's employment contract as Chairman, Chief Executive Officer and President of the Company to December 31, 2029. Mr. Thompson has led the Company since September 2015. During his tenure, the Company's share price increased by over 250%, exceeding both the S&P 500 and the Russell 2000 Indexes. Richard W. Neu, Lead Director of the Somnigroup Board of Directors, commented, "We are pleased to reaffi
DALLAS, May 12, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced the pricing of the previously announced secondary offering (the "Offering") of 15,376,743 shares of its common stock at a price to the public of $62.00 per share. All of the shares of common stock are being sold by the former majority shareholder of Mattress Firm Group Inc., which shareholder is a subsidiary of IBEX Topco B.V., and Somnigroup will not receive any of the proceeds from the Offering. The Offering is expected to close on or about May 13, 2025, subject to customary closing conditions. Goldman Sachs & Co. LLC is acting as the sole underwriter for the Of
DALLAS, May 12, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced the launch of a secondary offering (the "Offering") of 15,376,743 shares of its common stock, par value $0.01 per share, by the former majority shareholder of Mattress Firm Group Inc., which shareholder is a subsidiary of IBEX Topco B.V. (the "Selling Stockholder"). All of the shares of common stock are being sold by the Selling Stockholder, and Somnigroup will not receive any of the proceeds from the Offering. Goldman Sachs & Co. LLC is acting as the sole underwriter for the Offering. The shares of common stock are being offered pursuant to the Company's automati