Harbor Capital Advisors Inc. Lowers Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Harbor Capital Advisors Inc. cut its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 13.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,796 shares of the company's stock after selling 15,607 shares during the period. Harbor Capital Advisors Inc. owned about 0.07% of SharkNinja worth $8,491,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Voya Investment Management LLC boosted its stake in SharkNinja by 1.2% in the fourth quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock valued at $1,282,000 after acquiring an additional 154 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in SharkNinja by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company's stock valued at $2,833,000 after purchasing an additional 180 shares during the last quarter. CIBC Asset Management Inc grew its holdings in SharkNinja by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 4,245 shares of the company's stock valued at $413,000 after purchasing an additional 219 shares during the period. Zacks Investment Management increased its position in SharkNinja by 1.6% in the fourth quarter. Zacks Investment Management now owns 15,879 shares of the company's stock worth $1,546,000 after buying an additional 257 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV increased its position in SharkNinja by 0.8% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 37,852 shares of the company's stock worth $3,685,000 after buying an additional 296 shares during the last quarter. 34.77% of the stock is owned by institutional investors.

SharkNinja Price Performance

Shares of SN stock traded down $5.89 on Friday, reaching $82.04. The company's stock had a trading volume of 1,993,629 shares, compared to its average volume of 1,495,418. The company has a market capitalization of $11.57 billion, a P/E ratio of 26.38, a PEG ratio of 2.35 and a beta of 1.70. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The stock's 50 day simple moving average is $85.75 and its 200-day simple moving average is $94.94. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.14. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the firm posted $1.06 EPS. The company's revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Guggenheim decreased their price objective on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 9th. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. 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. Morgan Stanley raised their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. lowered their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $121.50.

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.