SharkNinja, Inc. (NYSE:SN) Shares Sold by Pinpoint Asset Management Ltd

Key Points

• Pinpoint Asset Management Ltd has significantly reduced its stake in SharkNinja, Inc., selling 13,742 shares and lowering its holdings by 80.1% during the first quarter.
• SharkNinja's stock has a market cap of $16.06 billion and is currently trading at $113.90, with a 12-month range between $60.50 and $123.00.
• Analysts have set a range of target prices for SharkNinja, with the average target at $129.13 and several firms giving the stock a "buy" or "overweight" rating.

Pinpoint Asset Management Ltd lowered its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 80.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,413 shares of the company's stock after selling 13,742 shares during the quarter. Pinpoint Asset Management Ltd's holdings in SharkNinja were worth $285,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Forum Financial Management LP grew its position in shares of SharkNinja by 5.3% during the 1st quarter. Forum Financial Management LP now owns 2,872 shares of the company's stock valued at $240,000 after buying an additional 144 shares during the last quarter. Voya Investment Management LLC grew its position in shares of SharkNinja by 1.2% during the 4th quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock valued at $1,282,000 after buying an additional 154 shares during the last quarter. GAMMA Investing LLC grew its position in shares of SharkNinja by 77.9% during the 1st 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 last quarter. Treasurer of the State of North Carolina grew its position in shares of SharkNinja by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company's stock valued at $2,833,000 after buying an additional 180 shares during the last quarter. Finally, Xponance Inc. grew its position in shares of SharkNinja by 5.4% during the 1st quarter. Xponance Inc. now owns 4,273 shares of the company's stock valued at $356,000 after buying an additional 220 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Down 1.3%

SN stock opened at $113.90 on Thursday. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The company has a quick ratio of 1.17, a current ratio of 1.97 and a debt-to-equity ratio of 0.36. The company has a market cap of $16.06 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 2.23 and a beta of 1.69. The company has a 50 day moving average of $102.61 and a two-hundred day moving average of $96.49.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.11. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. On average, equities analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SN has been the subject of several recent analyst reports. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research report on Monday, June 30th. The Goldman Sachs Group upped 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. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Guggenheim decreased 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. Finally, Morgan Stanley upped their price target on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research note 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 company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $129.13.

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.

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