Polymer Capital Management HK LTD Has $1.99 Million Holdings in SharkNinja, Inc. (NYSE:SN)

Polymer Capital Management HK LTD decreased its position in shares of SharkNinja, Inc. (NYSE:SN) by 37.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,420 shares of the company’s stock after selling 12,109 shares during the period. Polymer Capital Management HK LTD’s holdings in SharkNinja were worth $1,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. The Manufacturers Life Insurance Company acquired a new position in SharkNinja in the third quarter worth $271,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in SharkNinja by 306.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,404 shares of the company’s stock worth $3,523,000 after buying an additional 24,423 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in SharkNinja during the 3rd quarter worth about $770,000. Stifel Financial Corp increased its position in SharkNinja by 2.1% in the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock valued at $521,000 after acquiring an additional 100 shares in the last quarter. Finally, State Street Corp raised its stake in shares of SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company’s stock worth $72,510,000 after acquiring an additional 101,020 shares during the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SN shares. JPMorgan Chase & Co. raised their price target on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley lifted their target price on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Canaccord Genuity Group upped their price target on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group lifted their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.50.

SharkNinja Stock Performance

Shares of NYSE:SN opened at $70.09 on Friday. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 2.35 and a beta of 1.24. The firm’s 50 day simple moving average is $98.77 and its 200 day simple moving average is $101.54. 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, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. As a group, sell-side analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

SharkNinja 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.