Millennium Management LLC Sells 133,313 Shares of SharkNinja, Inc. (NYSE:SN)

Millennium Management LLC reduced its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 24.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 413,636 shares of the company's stock after selling 133,313 shares during the quarter. Millennium Management LLC owned approximately 0.30% of SharkNinja worth $40,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of SN. Artemis Investment Management LLP increased its position in SharkNinja by 74.2% in the fourth quarter. Artemis Investment Management LLP now owns 390,757 shares of the company's stock worth $38,044,000 after buying an additional 166,392 shares during the last quarter. Capricorn Fund Managers Ltd purchased a new stake in SharkNinja in the fourth quarter worth $3,829,000. SG Americas Securities LLC purchased a new stake in SharkNinja in the fourth quarter worth $171,000. Janney Montgomery Scott LLC increased its position in SharkNinja by 112.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock worth $1,066,000 after buying an additional 5,790 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of SharkNinja by 6.4% in the fourth quarter. Avior Wealth Management LLC now owns 5,139 shares of the company's stock worth $500,000 after acquiring an additional 310 shares during the period. 34.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on SN shares. Jefferies Financial Group raised their price target on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. The Goldman Sachs Group raised their price target on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Morgan Stanley raised their price target on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Guggenheim cut their price target on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Oppenheimer raised their price target on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $121.50.

SharkNinja Price Performance

NYSE:SN traded down $0.98 during trading hours on Friday, hitting $94.39. 1,301,279 shares of the company's stock traded hands, compared to its average volume of 1,452,484. The firm has a market cap of $13.31 billion, a P/E ratio of 30.35, a P/E/G ratio of 2.35 and a beta of 1.68. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The business's fifty day simple moving average is $83.86 and its two-hundred day simple moving average is $95.82. 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 posted its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.14. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The firm's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned $1.06 earnings per share. On average, research analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

SharkNinja Company 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.