Commonwealth Equity Services LLC Trims Position in SharkNinja, Inc. (NYSE:SN)

Commonwealth Equity Services LLC decreased its position in shares of SharkNinja, Inc. (NYSE:SN) by 57.4% during the fourth quarter, Holdings Channel reports. The fund owned 3,867 shares of the company’s stock after selling 5,219 shares during the period. Commonwealth Equity Services LLC’s holdings in SharkNinja were worth $377,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp lifted its stake in shares of SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company’s stock worth $72,510,000 after buying an additional 101,020 shares in the last quarter. Tidal Investments LLC boosted its position in shares of SharkNinja by 38.7% during the third quarter. Tidal Investments LLC now owns 19,397 shares of the company’s stock worth $2,109,000 after acquiring an additional 5,416 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of SharkNinja in the third quarter worth about $5,832,000. Harbor Capital Advisors Inc. increased its position in SharkNinja by 30.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company’s stock worth $11,430,000 after purchasing an additional 27,436 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of SharkNinja by 112.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company’s stock valued at $1,066,000 after acquiring an additional 5,790 shares during the last quarter. Institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $70.09 on Monday. The firm has a market cap of $9.81 billion, a PE ratio of 22.54, a P/E/G ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00. The business has a 50-day moving average price of $98.77 and a 200 day moving average price of $101.51. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. Sell-side analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SN. Morgan Stanley raised their target price on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Canaccord Genuity Group upped 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. JPMorgan Chase & Co. raised their target price on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Jefferies Financial Group raised their price target on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.50.

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.