SharkNinja, Inc. (NYSE:SN) Shares Sold by Peregrine Investment Management Inc.

Peregrine Investment Management Inc. lowered its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 26.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,840 shares of the company's stock after selling 17,640 shares during the period. SharkNinja accounts for 3.0% of Peregrine Investment Management Inc.'s investment portfolio, making the stock its 17th largest position. Peregrine Investment Management Inc.'s holdings in SharkNinja were worth $3,990,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. WCM Investment Management LLC increased its position in shares of SharkNinja by 27.1% during the first quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock worth $18,633,000 after acquiring an additional 47,339 shares during the period. Cannell & Spears LLC purchased a new stake in SharkNinja during the 4th quarter worth about $18,125,000. FMR LLC raised its position in SharkNinja by 59.8% in the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after purchasing an additional 6,160,226 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after buying an additional 155 shares during the period. Finally, Mawer Investment Management Ltd. grew its position in shares of SharkNinja by 3.7% during the fourth quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company's stock worth $28,702,000 after buying an additional 10,413 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

SN has been the topic of several analyst reports. Guggenheim reduced their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Morgan Stanley boosted their price target 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. The Goldman Sachs Group boosted 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. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a report on Monday, June 30th. Finally, JPMorgan Chase & Co. reduced their target price 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 given a buy rating to the company's stock. Based on data from MarketBeat, SharkNinja currently has a consensus rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Price Performance

SharkNinja stock traded up $0.08 during mid-day trading on Monday, reaching $111.07. The company had a trading volume of 266,685 shares, compared to its average volume of 1,537,046. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 1.17. The company has a market capitalization of $15.66 billion, a P/E ratio of 35.22, a P/E/G ratio of 2.14 and a beta of 1.66. The stock's 50-day simple moving average is $94.99 and its 200-day simple moving average is $94.71.

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