SharkNinja, Inc. (NYSE:SN) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 10.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,548 shares of the company's stock after selling 7,000 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in SharkNinja were worth $5,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SN. GAMMA Investing LLC boosted its stake in shares of SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after purchasing an additional 155 shares during the period. Quarry LP purchased a new position in SharkNinja in the 4th quarter valued at about $47,000. Continuum Advisory LLC grew its stake in shares of SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after acquiring an additional 550 shares in the last quarter. Covestor Ltd increased its position in shares of SharkNinja by 284.4% during the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after acquiring an additional 475 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC lifted its stake in shares of SharkNinja by 200.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock worth $146,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Performance

SN traded up $7.22 during trading hours on Wednesday, hitting $106.48. 4,652,390 shares of the stock were exchanged, compared to its average volume of 1,526,954. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 1.91 and a beta of 1.67. The stock has a 50-day simple moving average of $90.55 and a 200-day simple moving average of $94.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 1.17. 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 earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the prior year, the company earned $1.06 earnings per share. The firm's revenue was up 14.7% compared to the same quarter last year. Analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Oppenheimer raised their price objective on SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Guggenheim decreased their price target on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Morgan Stanley lifted their price target 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. The Goldman Sachs Group increased their price objective on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.50.

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.