Interval Partners LP Has $5.84 Million Stake in SharkNinja, Inc. (NYSE:SN)

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

Other institutional investors also recently made changes to their positions in the company. Cannell & Spears LLC bought a new stake in shares of SharkNinja in the fourth quarter valued at approximately $18,125,000. Janney Montgomery Scott LLC boosted its stake in shares of SharkNinja by 112.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock valued at $1,066,000 after buying an additional 5,790 shares during the period. FMR LLC boosted its stake in shares of SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after buying an additional 6,160,226 shares during the period. Raymond James Financial Inc. bought a new stake in shares of SharkNinja in the fourth quarter valued at approximately $37,187,000. Finally, Mawer Investment Management Ltd. boosted its stake in shares of SharkNinja by 3.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company's stock valued at $28,702,000 after buying an additional 10,413 shares during the period. Institutional investors own 34.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SN shares. JPMorgan Chase & Co. cut their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Morgan Stanley boosted their price target on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Canaccord Genuity Group upped their target price on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. The Goldman Sachs Group upped their target price on 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 research note on Friday, May 9th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $121.50.

SharkNinja Price Performance

Shares of SN traded up $1.31 during trading hours on Friday, reaching $102.00. The stock had a trading volume of 1,228,324 shares, compared to its average volume of 1,453,575. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00. The stock has a market capitalization of $14.39 billion, a PE ratio of 32.80, 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. The company's 50-day moving average is $82.95 and its two-hundred day moving average is $95.64.

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

About SharkNinja

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.