Harbor Capital Advisors Inc. Sells 15,607 Shares of SharkNinja, Inc. (NYSE:SN)

Harbor Capital Advisors Inc. lowered its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 13.3% in the first quarter, according to 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 approximately 0.07% of SharkNinja worth $8,491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. increased its stake in SharkNinja by 12.7% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 18,154 shares of the company's stock valued at $1,514,000 after buying an additional 2,046 shares during the period. NBC Securities Inc. grew its holdings in shares of SharkNinja by 170,333.3% during the 1st quarter. NBC Securities Inc. now owns 10,226 shares of the company's stock valued at $852,000 after acquiring an additional 10,220 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of SharkNinja by 14,737.7% during the 1st quarter. GAMMA Investing LLC now owns 29,527 shares of the company's stock worth $2,463,000 after purchasing an additional 29,328 shares in the last quarter. Wellington Management Group LLP raised its position in SharkNinja by 47.1% during the fourth quarter. Wellington Management Group LLP now owns 549,768 shares of the company's stock valued at $53,525,000 after acquiring an additional 175,978 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in SharkNinja in the fourth quarter worth approximately $9,359,000. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Performance

SharkNinja stock traded down $1.80 during mid-day trading on Thursday, reaching $87.76. The company had a trading volume of 1,915,511 shares, compared to its average volume of 1,486,220. The company has a 50 day moving average of $85.40 and a 200-day moving average of $95.04. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 2.35 and a beta of 1.70.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SN shares. Canaccord Genuity Group increased their price objective on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. Morgan Stanley lifted 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. Jefferies Financial Group upped their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Oppenheimer lifted their target price on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, The Goldman Sachs Group boosted their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.