Ameriprise Financial Inc. Lowers Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Ameriprise Financial Inc. lowered its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 32.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 461,677 shares of the company's stock after selling 226,279 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.33% of SharkNinja worth $44,949,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Barclays PLC grew its position in shares of SharkNinja by 117.4% in the third quarter. Barclays PLC now owns 8,394 shares of the company's stock valued at $913,000 after purchasing an additional 4,533 shares in the last quarter. City Center Advisors LLC acquired a new stake in shares of SharkNinja in the fourth quarter valued at approximately $316,000. Capital CS Group LLC acquired a new stake in shares of SharkNinja in the fourth quarter valued at approximately $314,000. Oak Thistle LLC purchased a new position in SharkNinja in the fourth quarter worth approximately $353,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position 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 worth $1,568,000 after acquiring an additional 7,227 shares during the period. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Ratings Changes

SN has been the subject of several analyst reports. Canaccord Genuity Group increased their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Jefferies Financial Group increased their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. The Goldman Sachs Group upped their price target on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Guggenheim decreased their price target on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Oppenheimer upped their price target on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Stock Performance

Shares of NYSE SN traded up $0.93 during midday trading on Friday, reaching $101.62. 229,373 shares of the company were exchanged, compared to its average volume of 1,697,300. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The stock has a fifty day simple moving average of $82.69 and a 200 day simple moving average of $95.80. The stock has a market cap of $14.26 billion, a P/E ratio of 32.69, a PEG ratio of 2.35 and a beta of 1.68.

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

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.