Quantbot Technologies LP Sells 25,728 Shares of SharkNinja, Inc. (NYSE:SN)

Quantbot Technologies LP decreased its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 28.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 63,893 shares of the company's stock after selling 25,728 shares during the quarter. Quantbot Technologies LP's holdings in SharkNinja were worth $6,946,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Signaturefd LLC boosted its stake in SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company's stock worth $39,000 after buying an additional 182 shares in the last quarter. Hollencrest Capital Management bought a new stake in SharkNinja in the third quarter valued at about $54,000. Waldron Private Wealth LLC bought a new stake in SharkNinja in the third quarter valued at about $65,000. Picton Mahoney Asset Management acquired a new position in SharkNinja in the second quarter worth about $70,000. Finally, Kessler Investment Group LLC bought a new position in SharkNinja during the second quarter worth about $125,000. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Performance

SN stock traded down $3.59 during midday trading on Tuesday, reaching $99.12. 989,346 shares of the company were exchanged, compared to its average volume of 1,219,934. SharkNinja, Inc. has a one year low of $45.35 and a one year high of $112.93. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 39.31, a price-to-earnings-growth ratio of 1.62 and a beta of 1.04. The business has a 50-day moving average price of $104.29 and a two-hundred day moving average price of $88.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Jefferies Financial Group raised their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Canaccord Genuity Group lifted their price objective on SharkNinja from $126.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Morgan Stanley increased their target price on SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Oppenheimer initiated coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 target price for the company. Finally, Guggenheim increased their price target on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, October 7th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $110.85.

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.