Quantbot Technologies LP Cuts Stock Position in SharkNinja, Inc. (NYSE:SN)

Quantbot Technologies LP trimmed its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,364 shares of the company's stock after selling 12,529 shares during the period. Quantbot Technologies LP's holdings in SharkNinja were worth $5,001,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp raised its stake in shares of SharkNinja by 2.1% during the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company's stock worth $521,000 after buying an additional 100 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in SharkNinja by 3.6% in the third quarter. CIBC Asset Management Inc now owns 4,026 shares of the company's stock valued at $438,000 after acquiring an additional 139 shares during the period. Avior Wealth Management LLC lifted its holdings in SharkNinja by 6.4% in the fourth quarter. Avior Wealth Management LLC now owns 5,139 shares of the company's stock valued at $500,000 after acquiring an additional 310 shares during the period. Assetmark Inc. boosted its position in shares of SharkNinja by 6.5% during the 4th quarter. Assetmark Inc. now owns 5,166 shares of the company's stock worth $503,000 after purchasing an additional 316 shares in the last quarter. Finally, Xponance Inc. grew its stake in shares of SharkNinja by 11.3% during the 4th quarter. Xponance Inc. now owns 4,053 shares of the company's stock worth $395,000 after purchasing an additional 411 shares during the period. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

SN has been the subject of several research reports. Jefferies Financial Group lifted their price target on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. increased their price target 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. Morgan Stanley raised their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group upped their target price on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. One 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 has an average rating of "Moderate Buy" and an average target price of $122.50.

SharkNinja Trading Up 3.9 %

Shares of SN traded up $3.36 during mid-day trading on Wednesday, reaching $90.19. The company had a trading volume of 1,389,910 shares, compared to its average volume of 1,239,296. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $104.67 and a 200-day simple moving average of $102.81. SharkNinja, Inc. has a fifty-two week low of $57.15 and a fifty-two week high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last issued its 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). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. On average, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal 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.