SharkNinja, Inc. (NYSE:SN) Stock Position Lowered by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. lessened its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 44.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,000 shares of the company's stock after selling 75,000 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.07% of SharkNinja worth $9,249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of SharkNinja in the fourth quarter worth approximately $55,000. Covestor Ltd grew its stake in shares of SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after buying an additional 475 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of SharkNinja in the 4th quarter valued at $171,000. Altshuler Shaham Ltd purchased a new position in SharkNinja during the 4th quarter valued at about $209,000. Finally, World Investment Advisors LLC purchased a new position in shares of SharkNinja in the third quarter valued at approximately $244,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Trading Up 5.4 %

SN stock traded up $4.30 during midday trading on Friday, reaching $84.11. 1,892,144 shares of the company's stock traded hands, compared to its average volume of 1,415,629. The company has a market capitalization of $11.80 billion, a P/E ratio of 27.05, a PEG ratio of 2.35 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The business has a 50-day moving average price of $83.93 and a two-hundred day moving average price of $96.98.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. Equities research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Oppenheimer lowered their price target on shares of SharkNinja from $130.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday. The Goldman Sachs Group decreased their price objective on shares of SharkNinja from $133.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Jefferies Financial Group lifted their price target on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley lifted their target price on shares of SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $115.06.

SharkNinja Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.