Braun Stacey Associates Inc. Cuts Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Braun Stacey Associates Inc. lowered its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 163,308 shares of the company's stock after selling 5,572 shares during the period. Braun Stacey Associates Inc. owned approximately 0.12% of SharkNinja worth $13,622,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SN. Voya Investment Management LLC raised its holdings in shares of SharkNinja by 1.2% during the 4th quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock valued at $1,282,000 after buying an additional 154 shares in the last quarter. GAMMA Investing LLC increased its stake in SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares during the period. Treasurer of the State of North Carolina increased its stake in SharkNinja by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company's stock worth $2,833,000 after purchasing an additional 180 shares during the period. Zacks Investment Management increased its stake in SharkNinja by 1.6% in the 4th quarter. Zacks Investment Management now owns 15,879 shares of the company's stock worth $1,546,000 after purchasing an additional 257 shares during the period. Finally, Azzad Asset Management Inc. ADV increased its stake in SharkNinja by 0.8% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 37,852 shares of the company's stock worth $3,685,000 after purchasing an additional 296 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SN shares. Morgan Stanley lifted their price target on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Oppenheimer lifted their price target on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Jefferies Financial Group set a $175.00 price target on SharkNinja in a research note on Monday. The Goldman Sachs Group lifted their price target on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. decreased their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $121.50.

SharkNinja Stock Up 1.3%

Shares of NYSE SN traded up $1.41 during mid-day trading on Friday, hitting $107.77. 894,592 shares of the stock traded hands, compared to its average volume of 1,534,293. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.97. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The company has a market cap of $15.20 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 2.07 and a beta of 1.66. The stock has a fifty day moving average price of $92.26 and a 200-day moving average price of $94.32.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the company earned $1.06 earnings per share. The business's revenue was up 14.7% compared to the same quarter last year. Research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current 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.