SharkNinja, Inc. (NYSE:SN) Stake Reduced by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC reduced its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 59.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,473 shares of the company's stock after selling 3,653 shares during the quarter. Moody Aldrich Partners LLC's holdings in SharkNinja were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in SharkNinja by 77.9% in 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 in the last quarter. Quarry LP acquired a new position in SharkNinja in the 4th quarter valued at $47,000. Continuum Advisory LLC lifted its position in SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after buying an additional 550 shares during the period. Covestor Ltd grew its holdings in SharkNinja by 284.4% in the fourth 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 increased its holdings in shares of SharkNinja by 200.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock worth $146,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SN shares. Morgan Stanley raised their price target on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. JPMorgan Chase & Co. reduced their price objective on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Guggenheim reduced their price target on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Oppenheimer increased their price objective on shares of SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Finally, Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research note on Monday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, SharkNinja has an average rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Stock Up 1.3%

Shares of SN traded up $1.41 during midday trading on Friday, hitting $107.77. The company had a trading volume of 894,592 shares, compared to its average volume of 1,532,190. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.07 and a beta of 1.66. The company's 50 day moving average price is $92.26 and its 200 day moving average price is $94.32. The company has a quick ratio of 1.17, a current ratio of 1.97 and a debt-to-equity ratio of 0.36. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00.

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, beating the consensus estimate of $0.73 by $0.14. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. SharkNinja's quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 earnings per share. On average, equities research analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current 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.