Centiva Capital LP Cuts Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Centiva Capital LP lowered its stake in SharkNinja, Inc. (NYSE:SN) by 83.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,540 shares of the company’s stock after selling 33,956 shares during the period. Centiva Capital LP’s holdings in SharkNinja were worth $637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SN. Quarry LP bought a new position in shares of SharkNinja during the fourth quarter valued at about $47,000. R Squared Ltd bought a new position in SharkNinja during the 4th quarter valued at approximately $55,000. Covestor Ltd lifted its holdings in SharkNinja by 284.4% in the 4th quarter. Covestor Ltd now owns 642 shares of the company’s stock worth $63,000 after buying an additional 475 shares during the period. SG Americas Securities LLC purchased a new stake in SharkNinja in the 4th quarter worth approximately $171,000. Finally, Altshuler Shaham Ltd purchased a new position in shares of SharkNinja during the fourth quarter valued at approximately $209,000. Institutional investors own 34.77% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Jefferies Financial Group lifted their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. The Goldman Sachs Group boosted their price target on shares of SharkNinja from $100.00 to $112.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley raised their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the stock an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. reduced their target price on SharkNinja from $139.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Oppenheimer raised their target price on SharkNinja from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, SharkNinja has an average rating of “Moderate Buy” and a consensus price target of $117.28.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $92.25 on Friday. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The firm’s 50-day moving average is $81.92 and its 200 day moving average is $96.04. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 2.35 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.14. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

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.