Moody Aldrich Partners LLC Sells 3,653 Shares of SharkNinja, Inc. (NYSE:SN)

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

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after buying an additional 155 shares during the period. Quarry LP bought a new position in SharkNinja during the fourth quarter valued at about $47,000. Continuum Advisory LLC grew its position in SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after buying an additional 550 shares during the period. Covestor Ltd grew its position in SharkNinja by 284.4% during the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after buying an additional 475 shares during the period. Finally, Safe Harbor Fiduciary LLC grew its position in SharkNinja by 200.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock valued at $146,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on SN shares. Oppenheimer increased their target price on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Morgan Stanley increased their target price on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. The Goldman Sachs Group increased 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. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research report on Monday, June 30th. Finally, Guggenheim cut their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Price Performance

Shares of SharkNinja stock traded down $0.32 on Tuesday, reaching $105.62. The stock had a trading volume of 942,122 shares, compared to its average volume of 1,537,060. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The company has a market cap of $14.90 billion, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 2.05 and a beta of 1.66. The company has a current ratio of 1.97, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. The business's 50 day moving average is $93.26 and its two-hundred day moving average is $94.46.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) 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 firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted $1.06 earnings per share. The company's revenue for the quarter was up 14.7% on a year-over-year basis. As a group, 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.