SharkNinja, Inc. (NYSE:SN) Shares Sold by Millennium Management LLC

Millennium Management LLC trimmed its position in SharkNinja, Inc. (NYSE:SN) by 24.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 413,636 shares of the company’s stock after selling 133,313 shares during the period. Millennium Management LLC owned about 0.30% of SharkNinja worth $40,272,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in SharkNinja in the 4th quarter worth about $47,000. R Squared Ltd acquired a new stake in SharkNinja in the 4th quarter worth about $55,000. Covestor Ltd boosted 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 last quarter. SG Americas Securities LLC acquired a new stake in SharkNinja in the 4th quarter worth about $171,000. Finally, Altshuler Shaham Ltd acquired a new stake in SharkNinja in the 4th quarter worth about $209,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on SN. Guggenheim lowered their price objective on SharkNinja from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group boosted their target price on SharkNinja from $100.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, May 9th. JPMorgan Chase & Co. lowered 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. Morgan Stanley boosted their target price on SharkNinja from $85.00 to $101.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. Finally, Jefferies Financial Group boosted their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.50.

SharkNinja Trading Up 1.3%

SN opened at $102.00 on Friday. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The stock has a market capitalization of $14.39 billion, a PE ratio of 32.80, a P/E/G ratio of 2.35 and a beta of 1.68. The business’s 50 day moving average price is $82.95 and its 200 day moving average price is $95.64. 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 (NYSE:SN) last released its quarterly earnings data 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 return on equity of 32.51% and a net margin of 7.94%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm posted $1.06 earnings per share. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current 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.