Voloridge Investment Management LLC Has $33.01 Million Position in SharkNinja, Inc. (NYSE:SN)

Voloridge Investment Management LLC cut its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 54.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 339,016 shares of the company's stock after selling 403,385 shares during the quarter. Voloridge Investment Management LLC owned 0.24% of SharkNinja worth $33,007,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Woodson Capital Management LP acquired a new position in SharkNinja during the fourth quarter valued at approximately $8,762,000. Wexford Capital LP raised its holdings in SharkNinja by 58.9% in the fourth quarter. Wexford Capital LP now owns 4,754 shares of the company's stock worth $463,000 after purchasing an additional 1,762 shares during the period. Tenzing Global Management LLC bought a new position in shares of SharkNinja during the fourth quarter worth $2,434,000. Safe Harbor Fiduciary LLC grew its holdings 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 buying an additional 1,000 shares during the period. Finally, Sandia Investment Management LP acquired a new position in shares of SharkNinja in the 4th quarter valued at $487,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Down 3.1%

NYSE:SN opened at $97.44 on Thursday. The stock has a 50-day simple moving average of $83.60 and a 200 day simple moving average of $95.79. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $123.00. The company has a market cap of $13.74 billion, a PE ratio of 31.33, a PEG ratio of 2.35 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.14. The company 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 quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business earned $1.06 EPS. On average, sell-side analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on SN. Oppenheimer raised their price objective on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Jefferies Financial Group raised their price target on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Morgan Stanley raised their target price on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Finally, Canaccord Genuity Group lifted their price target 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, SharkNinja presently has a consensus rating of "Moderate Buy" and an average price target of $121.50.

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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