SharkNinja, Inc. (NYSE:SN) Position Cut by LMR Partners LLP

LMR Partners LLP decreased its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 77.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,101 shares of the company's stock after selling 10,892 shares during the quarter. LMR Partners LLP's holdings in SharkNinja were worth $302,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Quarry LP purchased a new position in shares of SharkNinja during the 4th quarter valued at approximately $47,000. R Squared Ltd purchased a new position in shares of SharkNinja during the 4th quarter valued at approximately $55,000. Covestor Ltd boosted its stake in shares of SharkNinja by 284.4% during the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after buying an additional 475 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of SharkNinja during the 4th quarter valued at approximately $171,000. Finally, Altshuler Shaham Ltd purchased a new position in shares of SharkNinja during the 4th quarter valued at approximately $209,000. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Performance

SN traded up $1.31 during trading hours on Friday, hitting $102.00. 1,228,324 shares of the stock were exchanged, compared to its average volume of 1,453,575. The stock has a 50-day simple moving average of $82.95 and a 200-day simple moving average of $95.64. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00. The stock has a market cap of $14.39 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.14. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the business posted $1.06 earnings per share. Analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SN shares. Canaccord Genuity Group increased their target price on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Guggenheim reduced their target price on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 9th. 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 note on Friday, April 11th. Jefferies Financial Group raised their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, SharkNinja has a consensus rating of "Moderate Buy" and an average target price 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.