Two Sigma Investments LP Lowers Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Two Sigma Investments LP cut its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 73.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 202,100 shares of the company's stock after selling 568,197 shares during the quarter. Two Sigma Investments LP owned 0.14% of SharkNinja worth $19,676,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SN. FMR LLC grew its stake in SharkNinja by 59.8% in the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after acquiring an additional 6,160,226 shares during the period. HighTower Advisors LLC raised its position in shares of SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after purchasing an additional 2,155,136 shares during the last quarter. William Blair Investment Management LLC lifted its stake in SharkNinja by 26.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock valued at $275,270,000 after buying an additional 590,632 shares in the last quarter. Baillie Gifford & Co. lifted its stake in SharkNinja by 33.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock valued at $236,603,000 after buying an additional 604,559 shares in the last quarter. Finally, Palestra Capital Management LLC boosted its holdings in SharkNinja by 83.4% in the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock worth $173,377,000 after buying an additional 809,960 shares during the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SN shares. Oppenheimer increased their target price on SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, May 9th. JPMorgan Chase & Co. reduced their price objective on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Guggenheim dropped their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Morgan Stanley upped their price target on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, SharkNinja currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.50.

SharkNinja Price Performance

SharkNinja stock opened at $97.44 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $83.60 and a 200 day moving average price of $95.79. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The stock has a market cap of $13.74 billion, a P/E ratio of 31.33, a PEG ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.14. The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations 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 quarter in the prior year, the company posted $1.06 EPS. Sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share 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.

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