Knightsbridge Asset Management LLC Sells 3,302 Shares of SharkNinja, Inc. (NYSE:SN)

Knightsbridge Asset Management LLC decreased its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,830 shares of the company's stock after selling 3,302 shares during the period. SharkNinja comprises 2.5% of Knightsbridge Asset Management LLC's portfolio, making the stock its 11th largest holding. Knightsbridge Asset Management LLC owned about 0.08% of SharkNinja worth $10,693,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SN. Stifel Financial Corp increased its holdings in SharkNinja by 2.1% in the third quarter. Stifel Financial Corp now owns 4,790 shares of the company's stock worth $521,000 after buying an additional 100 shares during the last quarter. Barclays PLC increased its holdings in SharkNinja by 117.4% in the third quarter. Barclays PLC now owns 8,394 shares of the company's stock worth $913,000 after buying an additional 4,533 shares during the last quarter. World Investment Advisors LLC acquired a new position in SharkNinja in the third quarter worth approximately $244,000. Tidal Investments LLC boosted its position in SharkNinja by 38.7% during the third quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock worth $2,109,000 after purchasing an additional 5,416 shares during the period. Finally, Logan Capital Management Inc. bought a new stake in SharkNinja during the third quarter worth approximately $2,181,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SN shares. The Goldman Sachs Group decreased their target price on SharkNinja from $133.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their target price 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 SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Jefferies Financial Group raised their target price on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group raised their target price on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $116.72.

SharkNinja Price Performance

NYSE:SN traded down $2.01 on Wednesday, reaching $79.40. The stock had a trading volume of 265,750 shares, compared to its average volume of 1,409,451. The company has a market capitalization of $11.14 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $123.00. 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 fifty day moving average price of $84.85 and a 200-day moving average price of $97.28.

SharkNinja (NYSE:SN - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. Research analysts forecast 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.