SharkNinja, Inc. (NYSE:SN) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP reduced its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 83.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,242 shares of the company's stock after selling 42,940 shares during the quarter. GSA Capital Partners LLP's holdings in SharkNinja were worth $896,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SN. SG Americas Securities LLC increased its position in shares of SharkNinja by 9.4% in the first quarter. SG Americas Securities LLC now owns 4,418 shares of the company's stock valued at $275,000 after buying an additional 380 shares in the last quarter. Sei Investments Co. raised its position in SharkNinja by 96.4% during the first quarter. Sei Investments Co. now owns 53,841 shares of the company's stock worth $3,354,000 after acquiring an additional 26,432 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of SharkNinja by 8.6% in the first quarter. Vanguard Group Inc. now owns 55,735 shares of the company's stock valued at $3,472,000 after purchasing an additional 4,411 shares in the last quarter. Seven Eight Capital LP grew its position in shares of SharkNinja by 105.9% in the first quarter. Seven Eight Capital LP now owns 22,691 shares of the company's stock valued at $1,413,000 after purchasing an additional 11,672 shares during the last quarter. Finally, Thornburg Investment Management Inc. purchased a new position in shares of SharkNinja during the 1st quarter worth approximately $14,603,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Stock Down 0.4 %

Shares of NYSE:SN traded down $0.42 during trading on Friday, hitting $100.88. The company's stock had a trading volume of 957,833 shares, compared to its average volume of 2,120,567. The company has a market capitalization of $14.12 billion, a PE ratio of 39.56, a PEG ratio of 1.67 and a beta of 1.04. SharkNinja, Inc. has a fifty-two week low of $43.25 and a fifty-two week high of $112.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The stock's 50-day moving average price is $104.40 and its two-hundred day moving average price is $87.64.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The business's revenue was up 33.3% compared to the same quarter last year. As a group, sell-side analysts expect that SharkNinja, Inc. will post 3.88 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on SN. Jefferies Financial Group increased their price objective on SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price target on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. Guggenheim boosted their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, October 7th. Oppenheimer assumed coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 target price on the stock. Finally, Morgan Stanley boosted their price target on SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $110.85.

SharkNinja Company 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.