SharkNinja, Inc. (NYSE:SN) Shares Sold by Baillie Gifford & Co.

Key Points

• Baillie Gifford & Co. reduced its stake in SharkNinja, Inc. by 7.4%, owning approximately 1.60% of the company worth $187.75 million after selling 179,317 shares in the first quarter.
• SharkNinja's recent earnings beat expectations, reporting $0.87 EPS against a consensus estimate of $0.73, with revenue reaching $1.22 billion, a 14.7% increase from the previous year.
• Analyst ratings for SharkNinja show a majority of buy recommendations, with the average target price set at $121.50, after several firms adjusted their price targets upward.

Baillie Gifford & Co. trimmed its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 7.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,250,868 shares of the company's stock after selling 179,317 shares during the quarter. Baillie Gifford & Co. owned about 1.60% of SharkNinja worth $187,745,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SN. GAMMA Investing LLC lifted its holdings in shares of SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after acquiring an additional 155 shares during the last quarter. Quarry LP purchased a new stake in SharkNinja during the 4th quarter worth approximately $47,000. Continuum Advisory LLC increased its stake in 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 during the period. Covestor Ltd increased its stake in 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 during the period. Finally, IFP Advisors Inc increased its stake in 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 during the period. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Down 0.9%

NYSE:SN traded down $1.08 during midday trading on Tuesday, hitting $118.93. 487,967 shares of the company were exchanged, compared to its average volume of 1,661,178. The company has a fifty day simple moving average of $99.80 and a 200 day simple moving average of $95.92. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The company has a current ratio of 1.97, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $16.77 billion, a PE ratio of 37.64, a price-to-earnings-growth ratio of 2.32 and a beta of 1.66.

SharkNinja (NYSE:SN - Get Free Report) last announced 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 net margin of 7.86% and a return on equity of 28.89%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business earned $1.06 EPS. SharkNinja's revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, equities analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SN. Morgan Stanley upped their target price on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday. Canaccord Genuity Group upped their target price on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Oppenheimer upped their target price on shares of SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, The Goldman Sachs Group upped their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $129.13.

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.