Lazard Asset Management LLC Lowers Stock Holdings in SharkNinja, Inc. (NYSE:SN)

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

A number of other large investors have also recently added to or reduced their stakes in SN. FMR LLC grew its holdings in shares of SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after purchasing an additional 6,160,226 shares in the last quarter. HighTower Advisors LLC boosted its position in SharkNinja by 42.9% in the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after buying an additional 2,155,136 shares during the period. William Blair Investment Management LLC grew its stake in shares of SharkNinja by 26.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock worth $275,270,000 after acquiring an additional 590,632 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of SharkNinja by 33.1% during the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock worth $236,603,000 after acquiring an additional 604,559 shares during the period. Finally, Palestra Capital Management LLC raised its stake in shares of SharkNinja by 83.4% in the fourth quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock valued at $173,377,000 after acquiring an additional 809,960 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Jefferies Financial Group boosted their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Morgan Stanley lifted their price target 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 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. Guggenheim lowered their price target on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Oppenheimer raised their price objective on shares of 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 MarketBeat.com, SharkNinja has an average rating of "Moderate Buy" and a consensus target price of $121.50.

SharkNinja Stock Performance

NYSE SN traded down $1.13 on Monday, reaching $100.95. The stock had a trading volume of 1,264,450 shares, compared to its average volume of 1,452,819. The stock has a market cap of $14.24 billion, a P/E ratio of 32.46, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The business's 50-day moving average price is $82.95 and its 200 day moving average price is $95.66. 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 announced its earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company's quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 EPS. As a group, equities analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current 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.