Lazard Asset Management LLC Has $4.01 Million Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Lazard Asset Management LLC trimmed its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 42.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,147 shares of the company's stock after selling 30,358 shares during the quarter. Lazard Asset Management LLC's holdings in SharkNinja were worth $4,006,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Logan Capital Management Inc. grew its holdings in SharkNinja by 4.9% in the 4th quarter. Logan Capital Management Inc. now owns 21,037 shares of the company's stock valued at $2,048,000 after buying an additional 976 shares in the last quarter. Laurion Capital Management LP grew its holdings in shares of SharkNinja by 100.0% during the 4th quarter. Laurion Capital Management LP now owns 10,000 shares of the company's stock worth $974,000 after purchasing an additional 5,000 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of SharkNinja during the 4th quarter worth $924,000. Granahan Investment Management LLC grew its holdings in shares of SharkNinja by 12.1% during the 4th quarter. Granahan Investment Management LLC now owns 171,383 shares of the company's stock worth $16,686,000 after purchasing an additional 18,558 shares in the last quarter. Finally, Greenvale Capital LLP acquired a new stake in shares of SharkNinja during the 4th quarter worth $73,020,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Price Performance

Shares of SN traded down $1.44 during mid-day trading on Wednesday, reaching $99.16. The company had a trading volume of 151,447 shares, compared to its average volume of 1,446,571. The company's 50 day simple moving average is $83.42 and its 200 day simple moving average is $95.78. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $123.00. 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 has a market capitalization of $13.98 billion, a price-to-earnings ratio of 31.91, a P/E/G ratio of 2.35 and a beta of 1.68.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SN shares. The Goldman Sachs Group increased their target price on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Morgan Stanley increased their target price on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Canaccord Genuity Group increased their target price on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Jefferies Financial Group increased their target price on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Oppenheimer increased their target price on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, SharkNinja currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.50.

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.