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

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

Other hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new stake in SharkNinja in the 4th quarter valued at approximately $47,000. R Squared Ltd acquired a new position in SharkNinja during the fourth quarter worth $55,000. Covestor Ltd boosted its holdings in 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 last quarter. Safe Harbor Fiduciary LLC grew its position in SharkNinja by 200.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock valued at $146,000 after purchasing an additional 1,000 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in SharkNinja in the 4th quarter valued at $171,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SN shares. JPMorgan Chase & Co. reduced their price objective on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Morgan Stanley raised their price target on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Oppenheimer increased their price objective on SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, May 9th. The Goldman Sachs Group upped their price target on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Guggenheim decreased their price objective on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.50.

SharkNinja Stock Performance

SN stock traded down $1.41 during midday trading on Thursday, reaching $95.88. 516,052 shares of the company were exchanged, compared to its average volume of 1,446,712. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The firm has a market capitalization of $13.52 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. The business has a 50-day moving average price of $83.60 and a two-hundred day moving average price of $95.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly 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 analyst estimates of $1.17 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. SharkNinja's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 EPS. Equities research analysts forecast 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.