ExodusPoint Capital Management LP Has $6.37 Million Stake in SharkNinja, Inc. (NYSE:SN)

ExodusPoint Capital Management LP raised its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 158.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,437 shares of the company's stock after buying an additional 40,118 shares during the quarter. ExodusPoint Capital Management LP's holdings in SharkNinja were worth $6,371,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in SharkNinja during the fourth quarter worth about $55,000. SG Americas Securities LLC bought a new position in SharkNinja in the 4th quarter valued at $171,000. First Dallas Securities Inc. acquired a new position in SharkNinja in the third quarter worth $215,000. World Investment Advisors LLC acquired a new stake in shares of SharkNinja in the third quarter valued at $244,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of SharkNinja in the third quarter valued at $271,000. 34.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on SN. JPMorgan Chase & Co. raised their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Jefferies Financial Group raised 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, February 13th. Canaccord Genuity Group upped 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. Finally, Morgan Stanley lifted their target price on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $122.50.

SharkNinja Stock Down 7.9 %

SharkNinja stock traded down $6.24 during midday trading on Thursday, reaching $72.51. The stock had a trading volume of 1,200,024 shares, compared to its average volume of 1,366,310. The stock has a market capitalization of $10.18 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. The firm's fifty day simple moving average is $94.76 and its 200-day simple moving average is $100.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $123.00.

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