SharkNinja, Inc. (NYSE:SN) Shares Sold by Entropy Technologies LP

Entropy Technologies LP reduced its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 53.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,490 shares of the company's stock after selling 4,040 shares during the period. Entropy Technologies LP's holdings in SharkNinja were worth $340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its position in shares of SharkNinja by 47.5% in the third quarter. FMR LLC now owns 10,307,632 shares of the company's stock valued at $1,120,543,000 after buying an additional 3,321,684 shares during the last quarter. Baillie Gifford & Co. grew its stake in SharkNinja by 6,408.9% in the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company's stock worth $198,464,000 after acquiring an additional 1,797,578 shares during the period. Westfield Capital Management Co. LP acquired a new position in SharkNinja in the 3rd quarter valued at $114,878,000. WCM Investment Management LLC acquired a new position in SharkNinja in the 3rd quarter valued at $23,874,000. Finally, Hodges Capital Management Inc. lifted its stake in shares of SharkNinja by 92.6% during the 4th quarter. Hodges Capital Management Inc. now owns 368,447 shares of the company's stock worth $35,872,000 after purchasing an additional 177,169 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Trading Down 3.6 %

SN traded down $4.12 during trading on Monday, hitting $110.32. 1,578,203 shares of the company's stock were exchanged, compared to its average volume of 879,238. SharkNinja, Inc. has a 1 year low of $49.86 and a 1 year high of $123.00. The stock has a 50 day moving average price of $105.08 and a 200 day moving average price of $101.26. The firm has a market cap of $15.44 billion, a P/E ratio of 43.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.

SharkNinja (NYSE:SN - Get Free Report) 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 32.55% and a net margin of 7.02%. The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. As a group, analysts expect that SharkNinja, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SN has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Canaccord Genuity Group lifted their price target on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday. Morgan Stanley raised their target price on shares of SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Finally, Jefferies Financial Group lifted their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, SharkNinja currently has an average rating of "Moderate Buy" and an average target price of $122.50.

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.