Ameriprise Financial Inc. Has $44.95 Million Position in SharkNinja, Inc. (NYSE:SN)

Ameriprise Financial Inc. lessened its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 32.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 461,677 shares of the company's stock after selling 226,279 shares during the period. Ameriprise Financial Inc. owned 0.33% of SharkNinja worth $44,949,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SN. Barclays PLC increased its holdings in SharkNinja by 117.4% during the 3rd quarter. Barclays PLC now owns 8,394 shares of the company's stock worth $913,000 after purchasing an additional 4,533 shares during the period. City Center Advisors LLC purchased a new position in SharkNinja in the fourth quarter worth approximately $316,000. Capital CS Group LLC acquired a new position in SharkNinja during the 4th quarter worth approximately $314,000. Oak Thistle LLC acquired a new stake in shares of SharkNinja in the 4th quarter valued at $353,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in SharkNinja by 81.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 16,108 shares of the company's stock valued at $1,568,000 after buying an additional 7,227 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. 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. Canaccord Genuity Group increased their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. dropped their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Guggenheim reduced their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Oppenheimer boosted their price target on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, SharkNinja has a consensus rating of "Moderate Buy" and a consensus price target of $121.50.

SharkNinja Stock Down 1.6%

SN stock traded down $1.65 during trading hours on Wednesday, hitting $100.69. The company's stock had a trading volume of 2,059,159 shares, compared to its average volume of 1,450,395. The company has a market capitalization of $14.13 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. The stock has a 50 day moving average price of $82.21 and a two-hundred day moving average price of $95.84. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.73 by $0.14. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business posted $1.06 EPS. The company's revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities research analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

SharkNinja Company 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.