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

Fortis Group Advisors LLC cut its holdings in SharkNinja, Inc. (NYSE:SN) by 14.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,197 shares of the company’s stock after selling 1,397 shares during the period. Fortis Group Advisors LLC’s holdings in SharkNinja were worth $798,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of SharkNinja by 17.8% in the 3rd quarter. State Street Corp now owns 667,003 shares of the company’s stock valued at $72,510,000 after purchasing an additional 101,020 shares during the last quarter. Tidal Investments LLC boosted its stake in 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 buying an additional 5,416 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of SharkNinja during the third quarter valued at about $5,832,000. abrdn plc raised its stake in shares of SharkNinja by 17.8% in the 3rd quarter. abrdn plc now owns 419,660 shares of the company’s stock valued at $45,621,000 after acquiring an additional 63,299 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of SharkNinja in the 3rd quarter worth approximately $11,942,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on SN. Jefferies Financial Group raised their price target on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley raised their target price on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. boosted their price target on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday. Finally, The Goldman Sachs Group upped their target price on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and a consensus price target of $122.50.

SharkNinja Stock Performance

Shares of SN opened at $110.32 on Tuesday. SharkNinja, Inc. has a 1 year low of $49.86 and a 1 year high of $123.00. The stock has a market capitalization of $15.44 billion, a P/E ratio of 43.26, a P/E/G ratio of 1.74 and a beta of 1.13. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The company’s fifty day moving average is $105.08 and its two-hundred day moving average is $101.26.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. On average, sell-side analysts predict that SharkNinja, Inc. will post 3.91 earnings per share for the current year.

SharkNinja Company 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.