Alliancebernstein L.P. Sells 39,936 Shares of SharkNinja, Inc. (NYSE:SN)

Alliancebernstein L.P. cut its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,842,879 shares of the company's stock after selling 39,936 shares during the period. Alliancebernstein L.P. owned approximately 1.32% of SharkNinja worth $179,423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SN. Safe Harbor Fiduciary LLC acquired a new stake in shares of SharkNinja in the third quarter worth $54,000. R Squared Ltd purchased a new position in SharkNinja during the fourth quarter valued at approximately $55,000. SG Americas Securities LLC acquired a new position in SharkNinja in the 4th quarter valued at approximately $171,000. First Dallas Securities Inc. purchased a new stake in SharkNinja in the 3rd quarter worth approximately $215,000. Finally, World Investment Advisors LLC acquired a new stake in shares of SharkNinja during the 3rd quarter valued at $244,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Analysts Set New Price Targets

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

SharkNinja Stock Performance

SN traded up $0.60 during trading on Friday, hitting $70.09. The stock had a trading volume of 6,748,147 shares, compared to its average volume of 1,319,294. 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, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00. The company has a 50 day simple moving average of $98.77 and a 200-day simple moving average of $101.54. The firm has a market cap of $9.81 billion, a PE ratio of 22.54, a P/E/G ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. Analysts expect that SharkNinja, Inc. will post 4.52 EPS 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.