1492 Capital Management LLC Sells 32,717 Shares of SharkNinja, Inc. (NYSE:SN)

1492 Capital Management LLC lowered its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 63.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,692 shares of the company's stock after selling 32,717 shares during the period. 1492 Capital Management LLC's holdings in SharkNinja were worth $1,559,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SN. GAMMA Investing LLC increased its holdings in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares in the last quarter. Quarry LP bought a new position in shares of SharkNinja during the 4th quarter worth approximately $47,000. Continuum Advisory LLC lifted its position in shares of SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after buying an additional 550 shares in the last quarter. Covestor Ltd lifted its position in shares of SharkNinja by 284.4% during the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after buying an additional 475 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of SharkNinja by 135.6% during the 1st quarter. IFP Advisors Inc now owns 1,303 shares of the company's stock worth $109,000 after buying an additional 750 shares in the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Price Performance

SharkNinja stock traded up $1.93 during midday trading on Friday, reaching $120.26. 729,188 shares of the stock were exchanged, compared to its average volume of 1,569,932. The company's fifty day moving average is $99.42 and its 200-day moving average is $95.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.97. The firm has a market cap of $16.96 billion, a PE ratio of 38.06, a PEG ratio of 2.32 and a beta of 1.66. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.14. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business posted $1.06 earnings per share. SharkNinja's revenue for the quarter was up 14.7% on a year-over-year basis. On average, sell-side analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SN. The Goldman Sachs Group increased their target price on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday. Morgan Stanley increased their target price on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a research report on Monday, June 30th. Finally, Oppenheimer boosted their price target on shares of SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, SharkNinja has an average rating of "Moderate Buy" and an average price target of $127.25.

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.