Interval Partners LP Reduces Position in SharkNinja, Inc. (NYSE:SN)

Interval Partners LP reduced its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 69.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,000 shares of the company's stock after selling 133,356 shares during the quarter. Interval Partners LP's holdings in SharkNinja were worth $5,842,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of SharkNinja in the fourth quarter valued at approximately $47,000. R Squared Ltd bought a new stake in SharkNinja during the 4th quarter valued at $55,000. Covestor Ltd raised its position in SharkNinja by 284.4% during the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after purchasing an additional 475 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of SharkNinja in the 4th quarter worth $171,000. Finally, Altshuler Shaham Ltd bought a new position in shares of SharkNinja during the 4th quarter worth $209,000. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Down 0.5%

Shares of SharkNinja stock traded down $0.48 on Thursday, reaching $100.63. The stock had a trading volume of 1,354,622 shares, compared to its average volume of 1,453,622. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $14.12 billion, a P/E ratio of 32.36, a P/E/G ratio of 2.35 and a beta of 1.68. The company has a 50 day moving average price of $82.41 and a 200 day moving average price of $95.87. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last announced its 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 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 revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned $1.06 earnings per share. As a group, equities research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

Wall Street Analysts Forecast Growth

SN has been the subject of a number of research reports. Guggenheim lowered their price objective on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 9th. 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. Jefferies Financial Group increased their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. The Goldman Sachs Group boosted their price objective on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Oppenheimer upped their target price on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, SharkNinja presently has a consensus rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja 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.