Tidal Investments LLC Cuts Stock Position in SharkNinja, Inc. (NYSE:SN)

Tidal Investments LLC lessened its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 47.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,194 shares of the company's stock after selling 9,203 shares during the quarter. Tidal Investments LLC's holdings in SharkNinja were worth $992,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tenzing Global Management LLC purchased a new position in shares of SharkNinja in the fourth quarter worth $2,434,000. Safe Harbor Fiduciary LLC increased its position in shares of SharkNinja by 200.0% in the 4th quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock valued at $146,000 after acquiring an additional 1,000 shares during the period. Sandia Investment Management LP purchased a new position in SharkNinja in the 4th quarter worth $487,000. Polar Capital Holdings Plc lifted its position in SharkNinja by 160.5% during the 4th quarter. Polar Capital Holdings Plc now owns 112,667 shares of the company's stock worth $10,969,000 after acquiring an additional 69,411 shares during the period. Finally, Man Group plc acquired a new stake in SharkNinja during the 4th quarter worth about $1,097,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SN shares. Guggenheim cut their price objective on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Morgan Stanley upped their target price on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. The Goldman Sachs Group raised their price target 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. Canaccord Genuity Group lifted 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. Finally, Oppenheimer upped their price objective on shares of SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $121.50.

SharkNinja Stock Performance

SharkNinja stock traded down $1.67 during mid-day trading on Friday, hitting $92.69. The company had a trading volume of 164,966 shares, compared to its average volume of 1,452,153. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 2.35 and a beta of 1.68. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The company's fifty day moving average is $84.20 and its 200-day moving average is $95.68. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38.

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 7.94% and a return on equity of 32.51%. 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 firm's quarterly revenue was up 14.7% compared to the same quarter last year. 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.