Renaissance Technologies LLC Cuts Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Renaissance Technologies LLC trimmed its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 62.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 119,500 shares of the company's stock after selling 198,400 shares during the period. Renaissance Technologies LLC owned 0.09% of SharkNinja worth $11,635,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in SharkNinja by 17.8% in the 3rd quarter. State Street Corp now owns 667,003 shares of the company's stock worth $72,510,000 after buying an additional 101,020 shares during the period. Tidal Investments LLC grew its stake in shares of SharkNinja by 38.7% in the third quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock worth $2,109,000 after acquiring an additional 5,416 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in SharkNinja during the third quarter worth $5,832,000. Harbor Capital Advisors Inc. raised its stake in SharkNinja by 30.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company's stock valued at $11,430,000 after purchasing an additional 27,436 shares during the last quarter. Finally, Cannell & Spears LLC bought a new stake in SharkNinja in the 4th quarter valued at $18,125,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SN shares. JPMorgan Chase & Co. decreased their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group lifted their price objective on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Morgan Stanley increased their price target on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group raised their price target on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, SharkNinja presently has a consensus rating of "Moderate Buy" and an average target price of $119.28.

SharkNinja Stock Performance

NYSE SN traded up $0.59 during trading on Friday, reaching $74.25. 1,342,375 shares of the company's stock were exchanged, compared to its average volume of 1,392,057. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The stock has a market capitalization of $10.42 billion, a P/E ratio of 23.87, a PEG ratio of 2.35 and a beta of 1.65. The business has a 50 day moving average price of $89.53 and a 200-day moving average price of $98.85. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

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