Rhumbline Advisers Has $5.47 Million Stock Position in SharkNinja, Inc. (NYSE:SN)

Rhumbline Advisers reduced its stake in SharkNinja, Inc. (NYSE:SN) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,566 shares of the company’s stock after selling 1,564 shares during the quarter. Rhumbline Advisers’ holdings in SharkNinja were worth $5,469,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Peregrine Investment Management Inc. acquired a new position in SharkNinja in the fourth quarter valued at approximately $6,375,000. Baillie Gifford & Co. lifted its stake in SharkNinja by 33.1% in the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock valued at $236,603,000 after buying an additional 604,559 shares during the period. CIBC Asset Management Inc lifted its stake in SharkNinja by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,245 shares of the company’s stock valued at $413,000 after buying an additional 219 shares during the period. GAM Holding AG lifted its stake in SharkNinja by 14.4% in the fourth quarter. GAM Holding AG now owns 114,479 shares of the company’s stock valued at $11,146,000 after buying an additional 14,403 shares during the period. Finally, Braun Stacey Associates Inc. lifted its stake in SharkNinja by 100.3% in the fourth quarter. Braun Stacey Associates Inc. now owns 168,880 shares of the company’s stock valued at $16,442,000 after buying an additional 84,554 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SN has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on SharkNinja from $85.00 to $101.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Guggenheim decreased their price objective on SharkNinja from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, May 9th. Oppenheimer boosted their price objective on SharkNinja from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, May 9th. Canaccord Genuity Group boosted their price objective on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their price objective on SharkNinja from $139.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and an average target price of $121.50.

SharkNinja Trading Down 1.9%

Shares of SharkNinja stock opened at $87.90 on Friday. The stock has a fifty day simple moving average of $85.75 and a 200 day simple moving average of $94.94. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The company has a market capitalization of $12.40 billion, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 2.35 and a beta of 1.70. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38.

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, topping the consensus estimate of $0.73 by $0.14. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. SharkNinja’s revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal 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.