Commonwealth Equity Services LLC Reduces Stock Position in SharkNinja, Inc. (NYSE:SN)

Commonwealth Equity Services LLC lowered its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 57.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,867 shares of the company's stock after selling 5,219 shares during the quarter. Commonwealth Equity Services LLC's holdings in SharkNinja were worth $377,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of SharkNinja during the fourth quarter worth about $55,000. SG Americas Securities LLC acquired a new stake in SharkNinja during the fourth quarter worth approximately $171,000. First Dallas Securities Inc. purchased a new stake in SharkNinja in the 3rd quarter worth approximately $215,000. World Investment Advisors LLC acquired a new position in SharkNinja in the 3rd quarter valued at $244,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of SharkNinja during the 3rd quarter worth $271,000. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Up 1.0 %

NYSE SN traded up $0.74 on Friday, reaching $73.55. The company had a trading volume of 2,038,811 shares, compared to its average volume of 1,380,885. 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 1 year low of $60.50 and a 1 year high of $123.00. The firm has a 50-day moving average of $93.27 and a 200-day moving average of $99.94. The firm has a market capitalization of $10.32 billion, a PE ratio of 23.65, a P/E/G ratio of 2.35 and a beta of 1.65.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, equities research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Morgan Stanley lifted their price objective on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday. Jefferies Financial Group increased their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Canaccord Genuity Group boosted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, SharkNinja currently has an average rating of "Moderate Buy" and a consensus price target of $119.28.

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.