SharkNinja, Inc. (NYSE:SN) Shares Sold by Steamboat Capital Partners LLC

Steamboat Capital Partners LLC lowered its stake in shares of SharkNinja, Inc. (NYSE:SN) by 2.0% during the fourth quarter, Holdings Channel reports. The firm owned 52,818 shares of the company’s stock after selling 1,070 shares during the period. SharkNinja makes up approximately 1.6% of Steamboat Capital Partners LLC’s investment portfolio, making the stock its 22nd largest position. Steamboat Capital Partners LLC’s holdings in SharkNinja were worth $5,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SN. FMR LLC grew its position in shares of SharkNinja by 59.8% during the fourth quarter. FMR LLC now owns 16,467,858 shares of the company’s stock worth $1,603,311,000 after acquiring an additional 6,160,226 shares during the last quarter. HighTower Advisors LLC grew its position 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 acquiring an additional 2,155,136 shares during the last quarter. Norges Bank purchased a new position in shares of SharkNinja during the fourth quarter worth approximately $100,845,000. Palestra Capital Management LLC grew its position 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 acquiring an additional 809,960 shares during the last quarter. Finally, Greenvale Capital LLP purchased a new position in SharkNinja in the 4th quarter valued at $73,020,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SN shares. Morgan Stanley lifted their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the company an “equal weight” rating in a research report on Friday, May 9th. Guggenheim lowered their price objective 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. The Goldman Sachs Group lifted their price objective on shares of SharkNinja from $100.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, May 9th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Oppenheimer lifted their price objective 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.50.

SharkNinja Price Performance

SharkNinja stock 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 company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The business has a fifty day moving average of $82.95 and a two-hundred day moving average of $95.64. The company has a market cap of $14.39 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN) last released its 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 return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $1.06 earnings per share. SharkNinja’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.