Summit Partners Public Asset Management LLC Sells 74,386 Shares of SharkNinja, Inc. (NYSE:SN)

Summit Partners Public Asset Management LLC decreased its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 38.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 119,205 shares of the company's stock after selling 74,386 shares during the period. Summit Partners Public Asset Management LLC owned 0.09% of SharkNinja worth $11,606,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in SharkNinja during the fourth quarter worth about $47,000. R Squared Ltd acquired a new stake in shares of SharkNinja during the fourth quarter worth about $55,000. Covestor Ltd raised its position in shares of SharkNinja by 284.4% during the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after purchasing an additional 475 shares during the period. Safe Harbor Fiduciary LLC raised its position in shares of SharkNinja by 200.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock worth $146,000 after purchasing an additional 1,000 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of SharkNinja during the fourth quarter worth about $171,000. Institutional investors own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SN shares. Canaccord Genuity Group raised their price target on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Guggenheim dropped their price target on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Morgan Stanley raised their price target on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. The Goldman Sachs Group raised their price target on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Jefferies Financial Group lifted their target price on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Stock Up 1.3%

Shares of SharkNinja stock opened at $102.00 on Friday. The business's 50 day simple moving average is $82.95 and its 200 day simple moving average is $95.74. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $123.00. The firm has a market cap of $14.32 billion, a PE ratio of 32.80, a P/E/G 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 posted its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share 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 analyst estimates of $1.17 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The business's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 EPS. On average, analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal 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.

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