Two Sigma Advisers LP Has $11.26 Million Position in SharkNinja, Inc. (NYSE:SN)

Two Sigma Advisers LP reduced its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 75.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,600 shares of the company's stock after selling 365,000 shares during the quarter. Two Sigma Advisers LP owned about 0.08% of SharkNinja worth $11,255,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Voya Investment Management LLC grew its stake in shares of SharkNinja by 1.2% during the fourth quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock valued at $1,282,000 after purchasing an additional 154 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of SharkNinja by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company's stock valued at $2,833,000 after purchasing an additional 180 shares during the last quarter. CIBC Asset Management Inc boosted its stake in SharkNinja by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,245 shares of the company's stock valued at $413,000 after acquiring an additional 219 shares during the last quarter. Zacks Investment Management boosted its stake in SharkNinja by 1.6% in the fourth quarter. Zacks Investment Management now owns 15,879 shares of the company's stock valued at $1,546,000 after acquiring an additional 257 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its stake in SharkNinja by 6.4% in the fourth quarter. Avior Wealth Management LLC now owns 5,139 shares of the company's stock valued at $500,000 after acquiring an additional 310 shares during the last quarter. 34.77% of the stock is owned by institutional investors.

SharkNinja Trading Down 0.8%

SN traded down $0.77 during mid-day trading on Wednesday, hitting $94.02. The stock had a trading volume of 231,845 shares, compared to its average volume of 1,450,751. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The stock's fifty day simple moving average is $84.06 and its 200-day simple moving average is $95.77. The firm has a market capitalization of $13.26 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business posted $1.06 earnings per share. The firm's quarterly revenue was up 14.7% on a year-over-year basis. As a group, research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analyst Ratings Changes

SN has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Guggenheim reduced their price objective on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Morgan Stanley raised their price objective 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. Finally, JPMorgan Chase & Co. cut their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.50.

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.