SharkNinja, Inc. (NYSE:SN) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in shares of SharkNinja, Inc. (NYSE:SN) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,024,620 shares of the company’s stock after selling 472,740 shares during the quarter. SharkNinja accounts for 0.8% of HighTower Advisors LLC’s investment portfolio, making the stock its 14th largest holding. HighTower Advisors LLC owned 3.59% of SharkNinja worth $546,221,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after buying an additional 182 shares in the last quarter. Hollencrest Capital Management acquired a new position in shares of SharkNinja during the 3rd quarter worth $54,000. Waldron Private Wealth LLC purchased a new position in shares of SharkNinja in the 3rd quarter valued at about $65,000. Picton Mahoney Asset Management purchased a new position in shares of SharkNinja in the 2nd quarter valued at about $70,000. Finally, Kessler Investment Group LLC purchased a new stake in SharkNinja during the second quarter worth about $125,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Down 2.2 %

Shares of SN opened at $98.37 on Tuesday. SharkNinja, Inc. has a fifty-two week low of $45.70 and a fifty-two week high of $112.93. The company’s fifty day moving average is $103.78 and its two-hundred day moving average is $89.77. The firm has a market cap of $13.77 billion, a PE ratio of 38.58, a price-to-earnings-growth ratio of 1.66 and a beta of 1.01. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company posted $0.95 EPS. The business’s quarterly revenue was up 33.3% on a year-over-year basis. Analysts forecast that SharkNinja, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SN has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Canaccord Genuity Group upped their price objective on SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their price target on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Guggenheim upped their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Finally, Oppenheimer began coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price on the stock. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.39.

About SharkNinja

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.