Forum Financial Management LP Acquires Shares of 2,728 SharkNinja, Inc. (NYSE:SN)

Forum Financial Management LP bought a new position in SharkNinja, Inc. (NYSE:SN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,728 shares of the company's stock, valued at approximately $266,000.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in SharkNinja in the fourth quarter worth about $171,000. Janney Montgomery Scott LLC lifted its holdings in SharkNinja by 112.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock worth $1,066,000 after buying an additional 5,790 shares during the period. Moody Aldrich Partners LLC lifted its holdings in SharkNinja by 19.0% in the fourth quarter. Moody Aldrich Partners LLC now owns 6,126 shares of the company's stock worth $596,000 after buying an additional 976 shares during the period. R Squared Ltd purchased a new stake in SharkNinja in the fourth quarter worth about $55,000. Finally, KG&L Capital Management LLC lifted its holdings in SharkNinja by 19.8% in the fourth quarter. KG&L Capital Management LLC now owns 4,447 shares of the company's stock worth $433,000 after buying an additional 735 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group raised their target price on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Guggenheim decreased 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. JPMorgan Chase & Co. decreased their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Morgan Stanley raised their target price on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group raised their price target 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, SharkNinja currently has an average rating of "Moderate Buy" and a consensus target price of $121.50.

SharkNinja Trading Down 2.5%

SharkNinja stock traded down $2.40 during trading hours on Friday, hitting $91.96. The company had a trading volume of 953,871 shares, compared to its average volume of 1,461,465. The company has a 50-day moving average price of $84.21 and a two-hundred day moving average price of $95.53. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The firm has a market cap of $12.97 billion, a P/E ratio of 29.57, a P/E/G ratio of 2.35 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. SharkNinja's revenue for the quarter was up 14.7% compared to the same quarter last year. On average, sell-side analysts anticipate 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.