SG Americas Securities LLC Increases Stock Position in SharkNinja, Inc. (NYSE:SN)

SG Americas Securities LLC boosted its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 270.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,489 shares of the company's stock after buying an additional 4,737 shares during the quarter. SG Americas Securities LLC's holdings in SharkNinja were worth $541,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SN. FMR LLC raised its holdings in SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after acquiring an additional 6,160,226 shares in the last quarter. HighTower Advisors LLC increased its stake in SharkNinja by 42.9% in the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after purchasing an additional 2,155,136 shares during the last quarter. William Blair Investment Management LLC increased its stake in SharkNinja by 26.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock valued at $275,270,000 after purchasing an additional 590,632 shares during the last quarter. Palestra Capital Management LLC increased its stake in SharkNinja by 83.4% in the fourth quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock valued at $173,377,000 after purchasing an additional 809,960 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of SharkNinja by 24.3% during the fourth quarter. Federated Hermes Inc. now owns 1,138,014 shares of the company's stock worth $110,783,000 after acquiring an additional 222,377 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group raised their target price on SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a report on Friday, May 9th. Guggenheim reduced their target price on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 9th. Morgan Stanley raised their target price on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, Oppenheimer raised their target price on SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, May 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Stock Up 1.8%

NYSE SN opened at $90.72 on Monday. The stock has a market cap of $12.80 billion, a PE ratio of 28.71, a P/E/G ratio of 1.75 and a beta of 1.70. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The business has a 50 day moving average price of $87.52 and a two-hundred day moving average price of $94.34. The company has a quick ratio of 1.17, a current ratio of 1.97 and a debt-to-equity ratio of 0.36.

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

About SharkNinja

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.

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