SharkNinja, Inc. (NYSE:SN) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. trimmed its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 61.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 263,099 shares of the company's stock after selling 412,741 shares during the period. Balyasny Asset Management L.P. owned approximately 0.19% of SharkNinja worth $25,615,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC boosted its position in shares of SharkNinja by 117.4% in the 3rd quarter. Barclays PLC now owns 8,394 shares of the company's stock worth $913,000 after purchasing an additional 4,533 shares in the last quarter. World Investment Advisors LLC acquired a new stake in SharkNinja in the third quarter worth about $244,000. Harbor Capital Advisors Inc. grew its stake in shares of SharkNinja by 30.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company's stock worth $11,430,000 after acquiring an additional 27,436 shares during the last quarter. City Center Advisors LLC acquired a new position in shares of SharkNinja during the fourth quarter valued at about $316,000. Finally, Capital CS Group LLC purchased a new position in shares of SharkNinja in the 4th quarter valued at approximately $314,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Canaccord Genuity Group upped their price target on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Jefferies Financial Group boosted their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. 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. JPMorgan Chase & Co. dropped their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley raised their price target on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $121.50.

SharkNinja Stock Performance

Shares of SN traded up $0.62 during trading hours on Friday, hitting $92.25. The stock had a trading volume of 2,364,876 shares, compared to its average volume of 1,435,869. The firm has a 50-day moving average price of $81.92 and a 200 day moving average price of $95.95. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 2.35 and a beta of 1.68. 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 released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the firm posted $1.06 EPS. SharkNinja's quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current year.

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.