SharkNinja, Inc. (NYSE:SN) Stock Position Lowered by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. trimmed its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,308 shares of the company's stock after selling 5,572 shares during the period. Braun Stacey Associates Inc. owned 0.12% of SharkNinja worth $13,622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in SharkNinja by 77.9% during the 1st 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 acquired a new position in SharkNinja during the 4th quarter valued at about $47,000. Continuum Advisory LLC boosted its stake in SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after purchasing an additional 550 shares during the period. Covestor Ltd boosted its stake in SharkNinja by 284.4% during the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after purchasing an additional 475 shares during the period. Finally, Safe Harbor Fiduciary LLC boosted its stake in SharkNinja by 200.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock valued at $146,000 after purchasing an additional 1,000 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Price Performance

Shares of NYSE SN traded down $0.32 during midday trading on Tuesday, reaching $105.62. The company's stock had a trading volume of 942,122 shares, compared to its average volume of 1,537,060. 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 50 day moving average price of $93.26 and a 200 day moving average price of $94.46. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The company has a market cap of $14.90 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 2.05 and a beta of 1.66.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.87 EPS 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 business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm earned $1.06 EPS. The business's revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities research analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target 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. Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a research note on Monday, June 30th. The Goldman Sachs Group upped their price target 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. Oppenheimer upped their price target on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Finally, Morgan Stanley upped 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $121.50.

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.