Two Sigma Advisers LP Lowers Stake in SharkNinja, Inc. (NYSE:SN)

Two Sigma Advisers LP lessened its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 75.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 115,600 shares of the company's stock after selling 365,000 shares during the period. Two Sigma Advisers LP owned about 0.08% of SharkNinja worth $11,255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SN. Quarry LP bought a new stake in shares of SharkNinja in the 4th quarter worth approximately $47,000. R Squared Ltd purchased a new stake in SharkNinja in the fourth quarter worth $55,000. Covestor Ltd raised its stake in shares of SharkNinja by 284.4% in 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. Safe Harbor Fiduciary LLC raised its stake in shares of SharkNinja by 200.0% in 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. Finally, SG Americas Securities LLC purchased a new position in shares of SharkNinja during the 4th quarter valued at $171,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SN has been the subject of several recent research reports. The Goldman Sachs Group lifted their price objective on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. reduced their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Morgan Stanley upped their price target on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Oppenheimer raised their price objective 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, Jefferies Financial Group boosted their target price on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $121.50.

SharkNinja Price Performance

SharkNinja stock traded up $0.36 during midday trading on Tuesday, reaching $94.72. 709,488 shares of the stock were exchanged, compared to its average volume of 1,453,577. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The firm has a market cap of $13.36 billion, a PE ratio of 30.50, a PEG ratio of 2.35 and a beta of 1.68. The company's fifty day moving average is $83.95 and its 200-day moving average is $95.78.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 7.94% and a return on equity of 32.51%. The business's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 EPS. On average, sell-side analysts forecast 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.