SharkNinja, Inc. (NYSE:SN) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 16.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,527 shares of the company’s stock after selling 1,889 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in SharkNinja were worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SN. FMR LLC increased its holdings in SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company’s stock valued at $1,603,311,000 after buying an additional 6,160,226 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of SharkNinja by 42.9% during the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock worth $699,021,000 after purchasing an additional 2,155,136 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of SharkNinja by 26.4% during the fourth quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company’s stock worth $275,270,000 after purchasing an additional 590,632 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of SharkNinja by 33.1% during the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock worth $236,603,000 after purchasing an additional 604,559 shares in the last quarter. Finally, Palestra Capital Management LLC increased its stake in shares of SharkNinja by 83.4% during the fourth quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company’s stock worth $173,377,000 after purchasing an additional 809,960 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Performance

Shares of SN stock opened at $92.25 on Monday. The firm’s 50 day moving average price is $81.92 and its 200-day moving average price is $95.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The firm has a market cap of $12.95 billion, a P/E ratio of 29.66, a P/E/G ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.17 billion. During the same period in the prior year, the business posted $1.06 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, equities research analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current year.

Wall Street Analysts Forecast Growth

SN has been the subject of several research reports. Oppenheimer upped their price objective on shares of SharkNinja from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday. The Goldman Sachs Group boosted their target price on shares of SharkNinja from $100.00 to $112.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. decreased their target price on shares of SharkNinja from $139.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Jefferies Financial Group boosted their target price on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Guggenheim decreased their target price on shares of SharkNinja from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.50.

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.