State of Wyoming Sells 211 Shares of SharkNinja, Inc. (NYSE:SN)

State of Wyoming decreased its position in SharkNinja, Inc. (NYSE:SN) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,484 shares of the company’s stock after selling 211 shares during the quarter. State of Wyoming’s holdings in SharkNinja were worth $437,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SN. Quarry LP bought a new position in shares of SharkNinja in the fourth quarter valued at approximately $47,000. R Squared Ltd bought a new position in shares of SharkNinja in the fourth quarter valued at approximately $55,000. Covestor Ltd raised its position in shares of SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company’s stock valued at $63,000 after purchasing an additional 475 shares during the period. Safe Harbor Fiduciary LLC raised its position in shares of SharkNinja by 200.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company’s stock valued at $146,000 after purchasing an additional 1,000 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of SharkNinja in the fourth quarter valued at approximately $171,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Trading Down 0.5%

Shares of SN stock opened at $100.62 on Wednesday. The firm has a market capitalization of $14.19 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The firm’s fifty day simple moving average is $83.42 and its 200 day simple moving average is $95.78. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00.

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

Analyst Ratings Changes

A number of research firms have recently commented on SN. Oppenheimer lifted their price target on shares of SharkNinja from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, May 9th. Jefferies Financial Group boosted their target price on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. dropped their target price on shares of SharkNinja from $139.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Guggenheim dropped their target price on shares of SharkNinja from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Finally, Canaccord Genuity Group boosted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.