PDT Partners LLC Sells 10,009 Shares of SharkNinja, Inc. (NYSE:SN)

PDT Partners LLC trimmed its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 19.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 42,644 shares of the company's stock after selling 10,009 shares during the period. PDT Partners LLC's holdings in SharkNinja were worth $4,152,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SN. 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 valued at $913,000 after purchasing an additional 4,533 shares during the period. World Investment Advisors LLC acquired a new stake in SharkNinja in the third quarter valued at $244,000. Tidal Investments LLC increased its holdings in SharkNinja by 38.7% in the third quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock valued at $2,109,000 after purchasing an additional 5,416 shares during the period. Logan Capital Management Inc. acquired a new stake in SharkNinja in the third quarter valued at $2,181,000. Finally, Milestone Resources Group Ltd acquired a new stake in SharkNinja in the third quarter valued at $11,007,000. 34.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Jefferies Financial Group increased their price objective on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Canaccord Genuity Group increased their price target on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Morgan Stanley increased their price target on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group decreased their price target on SharkNinja from $133.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, SharkNinja presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.72.

SharkNinja Price Performance

Shares of NYSE SN opened at $80.06 on Tuesday. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The firm's 50-day simple moving average is $85.43 and its 200 day simple moving average is $97.40. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.35 and a beta of 1.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. As a group, research analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

SharkNinja Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.