SharkNinja, Inc. (NYSE:SN) Shares Sold by Lingotto Investment Management LLP

Lingotto Investment Management LLP reduced its position in SharkNinja, Inc. (NYSE:SN) by 33.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 112,000 shares of the company’s stock after selling 56,000 shares during the quarter. SharkNinja comprises about 0.3% of Lingotto Investment Management LLP’s holdings, making the stock its 27th largest position. Lingotto Investment Management LLP’s holdings in SharkNinja were worth $8,417,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SN. Parallel Advisors LLC acquired a new stake in shares of SharkNinja during the fourth quarter worth $37,000. Headlands Technologies LLC acquired a new stake in shares of SharkNinja during the first quarter worth $66,000. Picton Mahoney Asset Management acquired a new stake in shares of SharkNinja during the second quarter worth $70,000. Kessler Investment Group LLC acquired a new stake in shares of SharkNinja during the second quarter worth $125,000. Finally, Essex LLC acquired a new stake in shares of SharkNinja during the first quarter worth $204,000. 34.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Canaccord Genuity Group increased their price objective on SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. increased their price objective on SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Bank of America increased their price objective on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. China Renaissance assumed coverage on SharkNinja in a research report on Wednesday, May 29th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group increased their price objective on SharkNinja from $83.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, SharkNinja currently has an average rating of “Moderate Buy” and a consensus price target of $83.81.

SharkNinja Trading Down 0.1 %

Shares of SN stock opened at $103.47 on Wednesday. The stock has a market cap of $14.48 billion, a P/E ratio of 76.64, a P/E/G ratio of 1.49 and a beta of 0.76. The business has a fifty day simple moving average of $85.20 and a 200-day simple moving average of $74.28. SharkNinja, Inc. has a fifty-two week low of $38.69 and a fifty-two week high of $104.50. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.14. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. On average, analysts forecast that SharkNinja, Inc. will post 3.89 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.