Robeco Institutional Asset Management B.V. Sells 28,593 Shares of SharkNinja, Inc. (NYSE:SN)

Robeco Institutional Asset Management B.V. lowered its position in SharkNinja, Inc. (NYSE:SN) by 26.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,259 shares of the company’s stock after selling 28,593 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.06% of SharkNinja worth $7,911,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Signaturefd LLC increased its holdings in shares of SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after acquiring an additional 182 shares in the last quarter. Hollencrest Capital Management purchased a new stake in SharkNinja during the 3rd quarter worth approximately $54,000. Safe Harbor Fiduciary LLC acquired a new position in SharkNinja during the 3rd quarter valued at approximately $54,000. R Squared Ltd purchased a new position in shares of SharkNinja in the fourth quarter worth $55,000. Finally, Waldron Private Wealth LLC purchased a new position in shares of SharkNinja in the third quarter worth $65,000. Institutional investors own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SN shares. Morgan Stanley upped their target price on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Guggenheim raised their price objective on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. lifted their target price on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group increased their price target on shares of SharkNinja from $128.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group raised their price target on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.28.

SharkNinja Stock Performance

SN opened at $111.66 on Friday. The firm has a fifty day moving average price of $102.67 and a 200 day moving average price of $97.98. SharkNinja, Inc. has a 1 year low of $45.85 and a 1 year high of $115.20. The stock has a market cap of $15.63 billion, a P/E ratio of 43.79, a P/E/G ratio of 1.59 and a beta of 1.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company earned $0.95 earnings per share. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. Equities research analysts anticipate that SharkNinja, Inc. will post 3.89 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.