LMR Partners LLP Has $302,000 Position in SharkNinja, Inc. (NYSE:SN)

LMR Partners LLP lowered its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 77.8% in the fourth 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 period. LMR Partners LLP's holdings in SharkNinja were worth $302,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cannell & Spears LLC purchased a new stake in shares of SharkNinja in the fourth quarter valued at $18,125,000. Janney Montgomery Scott LLC increased 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 worth $1,066,000 after acquiring an additional 5,790 shares during the last quarter. FMR LLC increased 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 worth $1,603,311,000 after acquiring an additional 6,160,226 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of SharkNinja in the fourth quarter worth $37,187,000. Finally, Mawer Investment Management Ltd. increased 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 worth $28,702,000 after acquiring an additional 10,413 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SN shares. Guggenheim dropped their price target on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. JPMorgan Chase & Co. dropped their price target on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. 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 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 note on Friday, February 14th. Finally, Morgan Stanley upped their price target on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research note 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Stock Down 0.0%

SharkNinja stock traded down $0.04 during mid-day trading on Tuesday, hitting $101.11. 110,140 shares of the company's stock were exchanged, compared to its average volume of 1,447,589. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a market cap of $14.26 billion, a P/E ratio of 32.53, a P/E/G ratio of 2.35 and a beta of 1.68. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $123.00. The stock has a 50 day moving average of $83.14 and a two-hundred day moving average of $95.74.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.87 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 the consensus estimate of $1.17 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business's quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 earnings per share. As a group, analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal 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.