Woodline Partners LP Reduces Holdings in SharkNinja, Inc. (NYSE:SN)

Woodline Partners LP reduced its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 41.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,763 shares of the company's stock after selling 20,984 shares during the quarter. Woodline Partners LP's holdings in SharkNinja were worth $2,898,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Woodson Capital Management LP purchased a new position in SharkNinja in the fourth quarter worth $8,762,000. Wexford Capital LP grew 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 last quarter. Tenzing Global Management LLC purchased a new position in SharkNinja in the fourth quarter worth $2,434,000. Safe Harbor Fiduciary LLC grew its holdings in shares of SharkNinja by 200.0% during 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 last quarter. Finally, Sandia Investment Management LP purchased a new stake in shares of SharkNinja during the fourth quarter valued at $487,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Price Performance

SN stock traded down $1.92 during mid-day trading on Friday, reaching $92.44. The company's stock had a trading volume of 224,109 shares, compared to its average volume of 1,452,342. The stock has a market cap of $13.04 billion, a PE ratio of 29.71, a P/E/G ratio of 2.35 and a beta of 1.68. 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, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The company's 50 day moving average is $84.20 and its two-hundred day moving average is $95.68.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. SharkNinja's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 EPS. Equities research analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SN shares. Jefferies Financial Group boosted their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Canaccord Genuity Group upped their price target on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Guggenheim reduced their price target on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, The Goldman Sachs Group upped 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.